Bank of America within reach of its record highs
Bank of America stock: -0.2% this week, signal cools near record highs
Bank of America within reach of its record highs
Our view last week
Bank of America is back within a whisker of its all-time highs, just 0.36% away, after another up week (+1.3%) built on the double bottom in the 55 area. The weekly RSI has pushed above 70, and that level has already been tested multiple times — a solid wall, not an easy break on the first try. Bank of America stock stays bullish overall, with the stop now moved to breakeven and the trade up 10.76%.
This week's summary
Bank of America closes a flat week (-0.2%) but the technical picture stays tight: the weekly RSI above 70 confirms a level already tested multiple times, and on the daily chart the stock lines up five higher lows toward the 61 area. Bank of America stock is boxed between the upper edge of the no-trade zone, the 63 area, and the support of its pivot average, the 61.91 area. The buy signal holds, strength has dropped to 27 out of 100: the push is fading.
IQS Phase
71
in tension
Signal Strength
27
low · fading
Sizing
MINIMUM
Ranking
#111 / 120
US stocks in progress
Trade P&L %
+10.59%
from signal to date, no stop loss
Rank position
ranks 111th among the 120 Longs already running for US stocks in our ranking, with a signal strength of 27 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimein strong phase
Performanceweekly +1.12% · monthly +3.94%
BAC belongs to the financials sector (reference ETF XLF). The sector is classified in strong phase according to our weekly reading.
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