Bank of America stock forecast and price prediction

BAC stock price: $38.13 0.39% At close on Jul 28th, 2021

Updated on:
Jul 29th, 2021


Bank of America forecast brief

  • Bank of America stock just changed 0.39% to close at $38.13 on the stock market on Wednesday.
  • Looking at the chart, price is drawing an scaled downtrend since early June with lower tops and lower bottoms. this downtrend marked a -12.32% loss(from its highs at $43.49).

Bank of America stock price forecast

How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are published every day by banks, financial institutions and independent analysts.

Along with buy or sell recommendations, financial institutions release their price estimates based on the stock price action and the company fundamental data. Most of these predictions follow the publication of new financial information by the company, and usually. Again, these forecasts are not direct recommendations for small investors and should not be trusted blindly.

In the previous month we couldn't find any price target posted for Bank of America stock.

Analysts recommendations

We don't have any rating published in the last month for Bank of America

Earnings and financials

On July 14, Bank of America ($BAC) hosted the financial call and presented the report. Bank of America beat analysts estimates and posted of $1.03, that is a 33.77% increase compared to the estimates of $0.77. However, reported revenues of $21.6 billion were in line with market estimates.

This compares to Earnings of $0.37 per share same quarter last year, so posted EPS is an increase of 178.38%. Looking at revenue, figures exploded a 34.16% compared to $172.1B same quarter last year.

Bank of America ($BAC) will host the earnings call next October. Estimated for this quarter is $0.70, compared to $1.03 that was reported for Q2.

Bank of America stock: buy or sell?

Is $BAC stock a buy?

Bank of America had no ratings in the last 4 weeks Read the article to get additional tips on trading BAC stock.

In the current situation of Bank of America there is not any eligible buy setup. This doesn't mean we expect a selloff for $BAC in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems

Is it time to sell Bank of America stock?

Currently, Bank of America stock doesn't match any of our preferred sell setups, so if you own Bank of America shares and your operation is in profit probably is not time to sell now

Bank of America stock price action predictions

Bank of America accumulates a price drop of -12.32% since its latest peak early June at $43.49. The stock drew 2 consecutive lower tops.

SMAs overview

BAC stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $38.19 (0.16% above)
  • R2: $38.22 (0.24% above)
  • R3: $38.45 (0.84% above)
  • The current support levels are:

  • S1: $37.71 (-1.10% below)
  • S2: $37.50 (-1.65% below)
  • S3: $37.37 (-1.99% below)
  • Bollinger bands

    Since the price broke down the lower band on July 19, the price has bounced off by 4.44%

    BAC stock Bollinger Bands chart

    Relative strength index

    The RSI broke out the oversold level of 30 in mid-June after just being in the oversold zone for 1 day (what can be considered a strength signal). The RSI reading on Wednesday was 42.18

    BAC stock RSI chart

    Bank of America stock price history

    Bank of America started trading on Feb 21st, 1973 at $1.69 per share1. Since then, BAC stock has risen by 2,156.21%, with an average of 44.92% per year. An investment of $1,000USD on the IPO would be valued $22,562.13 today.

    1: Adjusted price after possible price splits or reverse-splits

    BAC stock price history chart

    Please read:
    The comments written in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this article does not have an understanding of the individual scenarios of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are provided for informational purposes only

    Bank of America summary

    Wednesday, July 28th, 2021
    Day range$37.75 - $38.5
    Previous close$37.98
    Session gain0.39%
    Average true range$1.42
    50d mov avg$40.69
    100d mov avg$39.95
    200d mov avg$34.62
    Earnings dateOctober 14th, 2021

    Frequently asked questions

    What is Bank of America stock symbol?

    Bank of America Corporation is a public company trading in the US stock market with the BAC symbol

    Will BAC go up?

    There were no price targets issued by market analysts in the last 4 weeks for Bank of America.