Bank of America (NYSE:BAC) Heffx Outlook
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
Note: this chart shows extraordinary price action to the upside.
By the way, prices are vulnerable to a correction towards 14.21.
The projected upper bound is: 15.82.
The projected lower bound is: 14.00.
The projected closing price is: 14.91.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 6 white candles and 3 black candles for a net of 3 white candles. During the past 50 bars, there have been 25 white candles and 23 black candles for a net of 2 white candles.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 44.7294. This is not an overbought or oversold reading. The last signal was a sell 1 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 60.88. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 32 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 43. This is not a topping or bottoming area. The last signal was a sell 2 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 5 period(s) ago.
BANK OF AMERICA is currently 1.9% above its 200-period moving average and is in an upward trend. Volatility is Our volume indicators reflect volume flowing into and out of BAC.N at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on BAC.N and have had this outlook for the last 19 periods.
Latest posts by HEFFX Australia (see all)
- Atlas Iron Limited (ASX:AGO) Heffx Trading Outlook - February 19, 2017
- Woolworths Limited (ASX:WOW) Heffx Technical Analysis - February 19, 2017
- Coca-Cola Amatil Ltd (ASX:CCL) Short Term Downward Trend - February 19, 2017