Bank Of America Stock Technical Analysis
BAC Stock | USD 36.01 0.60 1.69% |
As of the 19th of March, Bank of America shows the Downside Deviation of 1.13, risk adjusted performance of 0.1185, and Mean Deviation of 1.05. Bank Of America technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to analyze nineteen technical drivers for Bank Of America, which can be compared to its rivals. Please confirm Bank Of America maximum drawdown, semi variance, and the relationship between the jensen alpha and potential upside to decide if Bank Of America is priced correctly, providing market reflects its regular price of 36.01 per share. Given that Bank of America has jensen alpha of 0.064, we suggest you to validate Bank Of America's prevailing market performance to make sure the company can sustain itself at a future point.
Bank of America Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Bank, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to BankBank |
Bank of America Analyst Consensus
Target Price | Advice | # of Analysts | |
32.07 | Buy | 25 | Odds |
Most Bank analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Bank stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Bank Of America, talking to its executives and customers, or listening to Bank conference calls.
Bank of America technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Bank Of America Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Bank Of America volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Bank Of America Trend Analysis
Use this graph to draw trend lines for Bank Of America. You can use it to identify possible trend reversals for Bank of America as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Bank of America price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Bank of America Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Bank Of America applied against its price change over selected period. The best fit line has a slop of 0.04 , which may imply that Bank Of America will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 66.22, which is the sum of squared deviations for the predicted Bank of America price change compared to its average price change.About Bank of America Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Bank Of America on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Bank Of America based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Bank Of America price pattern first instead of the macroeconomic environment surrounding Bank Of America. By analyzing Bank of America's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Bank of America's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Bank of America specific price patterns or momentum indicators. Please read more on our technical analysis page.
2021 | 2022 | 2023 | 2024 (projected) | Price To Sales Ratio | 4.06 | 3.07 | 2.89 | 2.19 | Price Earnings Ratio | 11.91 | 10.3 | 10.26 | 11.07 |
Bank of America March 19, 2024 Technical Indicators
Most technical analysis of Bank help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Bank from various momentum indicators to cycle indicators. When you analyze Bank charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 0.1185 | |||
Market Risk Adjusted Performance | 0.1895 | |||
Mean Deviation | 1.05 | |||
Semi Deviation | 0.8424 | |||
Downside Deviation | 1.13 | |||
Coefficient Of Variation | 560.54 | |||
Standard Deviation | 1.46 | |||
Variance | 2.14 | |||
Information Ratio | 0.0801 | |||
Jensen Alpha | 0.064 | |||
Total Risk Alpha | (0.06) | |||
Sortino Ratio | 0.1033 | |||
Treynor Ratio | 0.1795 | |||
Maximum Drawdown | 8.48 | |||
Value At Risk | (1.59) | |||
Potential Upside | 2.83 | |||
Downside Variance | 1.29 | |||
Semi Variance | 0.7096 | |||
Expected Short fall | (1.20) | |||
Skewness | 1.17 | |||
Kurtosis | 3.03 |
Bank of America March 19, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Bank stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution | 981,657 | ||
Daily Balance Of Power | 0.86 | ||
Rate Of Daily Change | 1.02 | ||
Day Median Price | 35.74 | ||
Day Typical Price | 35.83 | ||
Price Action Indicator | 0.57 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank Of America. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For information on how to trade Bank Stock refer to our How to Trade Bank Stock guide.Note that the Bank Of America information on this page should be used as a complementary analysis to other Bank of America's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Complementary Tools for Bank Stock analysis
When running Bank of America's price analysis, check to measure Bank of America's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bank of America is operating at the current time. Most of Bank of America's value examination focuses on studying past and present price action to predict the probability of Bank of America's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank of America's price. Additionally, you may evaluate how the addition of Bank of America to your portfolios can decrease your overall portfolio volatility.
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Is Bank of America's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bank of America. If investors know Bank will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bank of America listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.61) | Dividend Share 0.92 | Earnings Share 3.08 | Revenue Per Share 11.731 | Quarterly Revenue Growth (0.11) |
The market value of Bank Of America is measured differently than its book value, which is the value of Bank that is recorded on the company's balance sheet. Investors also form their own opinion of Bank of America's value that differs from its market value or its book value, called intrinsic value, which is Bank of America's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bank of America's market value can be influenced by many factors that don't directly affect Bank of America's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bank of America's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bank of America is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bank of America's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.