Bank of America price extends gains - Forecast today - 01-04-2024

Economies.com
2024-04-01 11:18AM UTC

Bank of America Stock Analysis

  • Intraday levels of Bank of America’s stock (BAC) witnessed an advancement amidst the dominance of an upward correctional trend in the short term.
  • Positive support from the 50-day SMA and signals from the RSI, after reaching overbought levels, further bolstered the bullish sentiment.

Forecast and Analysis

Considering the current trends and indicators, we anticipate further gains in the stock price, targeting the pivotal resistance level of $38.60.

If the support level of $36.22 holds, it would support this bullish forecast.

Trend Forecast

Likely Bullish

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