Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
bank of America's stock (BAC) fell 2.46% in the last session amid negative signals from the RSI, trespassing the support of the 50-day SMA and exposing it to negative pressure, settling thereafter at 44.47, while correcting the main upward trend in the medium term, while trading alongside the main upward trend line.
Therefore we expect more losses for the stock, targeting the pivotal support of 43.45.
Expected trend for today: Bearish