The Hourly View for (BA)C
Last Updated December 30, 2020, 06:010 GMT
At the moment, Bank of America’s price is down $-0.05 (-0.17%) from the hour prior. This is the 2nd hour in a row Bank of America has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Bank of America Corp Daily price Recap
30.01 was the closing price of the day for Bank of America Corp, resulting in today being one in which price moved down 0.4% ($0.12) from the previous day. The price move occurred on volume that was up 0.82% from the day prior, but down 23.31% from the same day the week before. The daily price chart of Bank of America Corp below illustrates.
Bank of America Corp Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 6 out of the past 10 days.
Overheard Around the Web
Here’s what one trader on StockTwits recently had to say in regards to (BA)C:
$BRK.A $BRK.B $(BA)C $WFC anyone with understanding of fundamentals looking at the absurd premiums being placed of Tesla, Nio, Nikola, Peloton, new IPOs and crypto are fearing for America’s financial stability heading into the future. This is a repeat of 1963 and people are being pulled into investments that are all hype real no results. The music is going to stop and those who are participating will face 10 years of pain as they slowly bleed