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BANK AMERICADRNBANK AMERICADRNBANK AMERICADRN

BANK AMERICADRN

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BOAC34 trade ideas

Bank of America -Weekly 26 EMA pointing upwards suggesting an uptrend. -A successful visit on the 26 EMA is recognized as well. -FED rate cuts paused. -There is a rumor that wants bank regulators to propose limitations on the compensation of the executives. Long sentiment. -Price inside a negotiation area that forms the lower edge of a bigger range. Entry after the successful completion of the flag when a strong bull candle/pattern appears. Stop loss below the flag. Target on the extremes of the opposite negotiation area. The trade here is indicative.
NYSE:BACLong
by koumkouat
Bank of America Navigates Turbulent Waters: Beating Earnings Bank of America (NYSE: NYSE:BAC ) emerges from the first quarter with a mixed bag of results, showcasing resilience amidst economic uncertainty. While surpassing Wall Street's expectations on both revenue and earnings, the bank grapples with elevated expenses and mounting charge-offs, casting a shadow on its post-earnings performance. Earnings Beat Amidst Headwinds: Bank of America ( NYSE:BAC ) reported earnings of $0.83 per share on sales of $25.82 billion, outpacing analysts' forecasts. Despite this positive outcome, shares experienced a slight dip of about 3%, reflecting investor concerns over elevated expenses and an uptick in charge-offs of bad loans. The bank's diversified revenue streams, including robust performance in investment banking and trading, partially offset lower net interest income, underscoring its adaptability in challenging market conditions. Consumer Banking Dynamics: In the consumer banking segment, Bank of America ( NYSE:BAC ) faced headwinds with a 5% decline in revenue and a 7% dip in average deposits, albeit remaining above pre-pandemic levels. However, the addition of 245,000 new checking accounts and strong growth in global wealth management, banking, and market divisions signal underlying strength in client acquisition and relationship-building efforts. CEO Perspective and Strategic Outlook: CEO Brian Moynihan highlighted the bank's strong quarter, emphasizing business performance and client engagement. Despite economic uncertainties, Bank of America ( NYSE:BAC ) remains optimistic about its market-leading positions and emphasizes continued focus on earnings growth and expense management to drive shareholder value. Navigating Economic Uncertainty: While Bank of America ( NYSE:BAC ) showcased resilience, challenges persist, particularly in managing credit card issues and addressing elevated charge-offs. The bank attributed the higher-than-expected charge-offs to lingering effects from the previous quarter but expressed confidence in stabilization moving forward. Additionally, one-time expenses, such as the FDIC special assessment, posed temporary hurdles but underscored the bank's commitment to regulatory compliance and financial stability. Investor Considerations: For investors seeking exposure to national banking franchises, Bank of America presents an intriguing opportunity. Despite short-term headwinds, the bank's resilient performance and strategic positioning in key business segments warrant consideration. As economic conditions evolve, investors should monitor Bank of America's proactive measures to mitigate risks and capitalize on growth opportunities. Conclusion: Bank of America's ( NYSE:BAC ) first-quarter performance reflects a blend of resilience and challenges in navigating the dynamic economic landscape. While surpassing earnings expectations, concerns linger over elevated expenses and credit quality issues. However, the bank's strategic focus on client engagement, expense management, and regulatory compliance positions it for long-term success. Technical Outlook Bank of America's ( NYSE:BAC ) stock is trading below the 200-day Moving Average (MA) with a weak Relative Strength Index (RSI) of 35.86 further accentuating to the bearish position of NYSE:BAC stock is the bearish Harami pattern exhibited in the 4- Month price chart.
NYSE:BACShort
by DEXWireNews
Bank of America (BAC) Near Support AreaElliott Wave Structure in Bank of America (BAC) shows incomplete bullish sequence from 10.27.2023 low favoring further upside. Short Term, rally from 1.17.2024 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from there, wave (1) ended at 35.1 and dips in wave (2) ended at 32.35. The stock extends higher again in wave (3). Up from wave (2), wave 1 ended at 36.45 and pullback in wave 2 ended at 35.24. The stock extended higher again in wave 3 towards 37.64 and pullback in wave 4 ended at 36.8. Final leg wave 5 ended at 38.35 which completed wave (3). The stock is now pulling back in wave (4) with internal subdivision as a zigzag structure. Down from wave (3), wave A ended at 37 and rally in wave B ended at 38.02. Wave C lower is in progress and can see further downside as a 5 waves. Down from wave B, wave ((i)) ended at 37.25 and wave ((ii)) ended at 37.96. Wave C target can reach 100% – 161.8% Fibonacci extension of wave A. This area comes at 35.85 -36.68. From this area, the stock can see buyers for further upside or 3 waves rally at least.
NYSE:BAC
by Elliottwave-Forecast
1
Bank of America (BAC) Near Support AreaElliott Wave Structure in Bank of America (BAC) shows incomplete bullish sequence from 10.27.2023 low favoring further upside. Short Term, rally from 1.17.2024 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from there, wave (1) ended at 35.1 and dips in wave (2) ended at 32.35. The stock extends higher again in wave (3). Up from wave (2), wave 1 ended at 36.45 and pullback in wave 2 ended at 35.24. The stock extended higher again in wave 3 towards 37.64 and pullback in wave 4 ended at 36.8. Final leg wave 5 ended at 38.35 which completed wave (3). The stock is now pulling back in wave (4) with internal subdivision as a zigzag structure. Down from wave (3), wave A ended at 37 and rally in wave B ended at 38.02. Wave C lower is in progress and can see further downside as 5 waves. Down from wave B, wave ((i)) ended at 37.25 and wave ((ii)) ended at 37.96. Wave C target can reach 100% – 161.8% Fibonacci extension of wave A. This area comes at 35.85 -36.68. From this area, the stock can see buyers for further upside, or 3 waves rally at least.
NYSE:BAC
by Elliottwave-Forecast
BAC setting up to thrive from rate - cuts LONGBAC is showed here on a 100R(ange) where price action from the Covid lows to the federal stimulus highs to the fade and consolidation of Summer 2022 to Summer 2023 and another fade and reversal from it are seen on the chart. At presen, BAC has reversed upside. With Uncles Powell and Sam announcing likely three rate cuts in 24Q3 and 24Q4, I see banks including BAC getting a break with more loan originations and less pressure for high payouts on savings accounts which may be the capital sources of those loans. I see this a an opportunity here and now to take long positions before those hypothetical cuts get baked into the price. The same may go for WFC, JPM, GS and others. My first target is 44 at the " neckline" of the 3,4Q21 triple top.
NYSE:BACLong
by AwesomeAvani
"BOA Stock: Selling Zone vs. Horizontal Movement""Bank of America Stock: A Situation where the Selling Zone and the Horizontal Upward Movement are Constrained. If the Blue Line Drops Below and Daily Closures Follow, the First Target Could Be the Green Horizontal Line. If Unable to Sustain at This Level, a Descent Towards Closing the Gaps and the Lower Base of the Descending Regression Channel Might Occur. On the other hand, in the case of an Upward Breakout with Daily Closures above the Selling Zone, I've Marked the Potential Areas Sequentially with the Red Line." WARNING: THIS ANALYSIS IS NOT INVESTMENT ADVICE. CONSIDER YOUR RISK TOLERANCE AND FINANCIAL SITUATION BEFORE MAKING DECISIONS. FUTURE PERFORMANCE IS NOT GUARANTEED; THIS IS MERELY AN OPINION. INVEST PRUDENTLY AND CONDUCT THOROUGH RESEARCH.
NYSE:BAC
by Can_EasyMoney_TR
BANK OF AMERICA Stock Chart Fibonacci Analysis 020524 Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 32.6/61.80% Chart time frame : D A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : A A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
NYSE:BAC
by fibonacci6180