B of A Stock Technical Analysis

BAC -  USA Stock  

USD 36.67  0.83  2.32%

As of the 27th of May, B of A shows the mean deviation of 1.77, and Risk Adjusted Performance of (0.15). 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 36.67 per share. Given that B of A has jensen alpha of (0.25), we suggest you to validate Bank Of America's prevailing market performance to make sure the company can sustain itself at a future point.
  
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B of A Analyst Consensus

Target PriceAdvice# of Analysts
51.11Buy14Odds
Bank Of America current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most B of A 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 B of A 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 B of A conference calls.
B of A Analyst Advice Details
B of A 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.
A focus of B of A technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of B of A trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Bank Of America Technical Analysis

Indicator
Time Period
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The output start index for this execution was fifty-two with a total number of output elements of nine. The Normalized Average True Range is used to analyze tradable apportunities for Bank Of America across different markets.
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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 B of A 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 B of A price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

B of A 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   -0.14  , which may imply that the returns on investment in Bank Of America will continue to fail. It has 122 observation points and a regression sum of squares at 705.25, which is the sum of squared deviations for the predicted B of A price change compared to its average price change.

About B of A 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 stock first instead of the macroeconomic environment surrounding Bank Of America. By analyzing B of A'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 B of A'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 B of A specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2019 2020 2021 2022 (projected)
Cash and Equivalents Turnover0.670.340.40.41
PPandE Turnover11.18.677.818.14

B of A May 27, 2022 Technical Indicators

Most technical analysis of B of A 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 B of A from various momentum indicators to cycle indicators. When you analyze B of A 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.

B of A May 27, 2022 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 B of A 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.
Continue to Trending Equities. Note that the Bank Of America information on this page should be used as a complementary analysis to other B of A'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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Complementary Tools for B of A Stock analysis

When running Bank Of America price analysis, check to measure B of A'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 B of A is operating at the current time. Most of B of A's value examination focuses on studying past and present price action to predict the probability of B of A's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move B of A's price. Additionally, you may evaluate how the addition of B of A to your portfolios can decrease your overall portfolio volatility.
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Is B of A'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 B of A. If investors know B of A 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 B of A listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Bank Of America is measured differently than its book value, which is the value of B of A that is recorded on the company's balance sheet. Investors also form their own opinion of B of A's value that differs from its market value or its book value, called intrinsic value, which is B of A'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 B of A's market value can be influenced by many factors that don't directly affect B of A'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 B of A's value and its price as these two are different measures arrived at by different means. Investors typically determine B of A value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, B of A'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.