The Hourly View for (BA)C
Last Updated January 1, 2021, 12:33 GMT
At the moment, (BA)C’s price is down $-0.03 (-0.1%) from the hour prior. The hourly chart shows that (BA)C has seen 2 straight up hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 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 choppiness in the recent daily price action of Bank of America Corp continues; to start today, it came in at a price of 30.31 US dollars, up 1.1% ($0.33) since the previous day. The price move occurred on volume that was up 8.65% from the day prior, but down 69.35% from the same day the week before. Let’s take a look at the daily price chart of Bank of America Corp.
Bank of America Corp Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 14 days Bank of America Corp’s price has gone up 7 them. As for those who trade off of candlesticks, we should note that we’re seeing morning star pattern appearing here.
Overheard Around the Web
Here’s what one trader on StockTwits recently had to say in regards to (BA)C:
$(BA)C in the short term can still grind higher, but it is getting higher risk to establish NEW long positions at this time. We prefer waiting for a larger pullback. It is very choppy, and we like to trade extremes with clear defined risk. Here’s our mid day view presented to members.