The Hourly View for (BA)C
Last Updated December 30, 2020, 14:11 GMT
Currently, Bank of America’s price is down $-0.05 (-0.17%) from the hour prior. This is the 2nd consecutive hour Bank of America has seen its price head down. As for the trend on the hourly timeframe, we see the clearest trend 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
The back and forth price flow continues for Bank of America Corp, which started today off at 30.01 US dollars, 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 another vantage point, consider that Bank of America Corp’s price has gone up 6 of the previous 10 trading 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