Bank of America Corp Stock Code BAC.NYS
Price broke below the cloud in the previous trading session, changing the chart outlook to bearish. Price also broke below a V-shaped Ichimoku reversal, hinting at a change in trend. Price closed a gap, confirming the bearish price trend. Lagging Span is below price of 26 days ago but is inside the cloud. MACD is in the bullish zone but has a bearish crossover, hinting at a bearish price trend ahead. There was also a MACD divergence warning of a potential price high earlier. We think price is likely to move lower to the next price support at $40.42 in the next 2-3 weeks.
$40.42 Price Target
$46.70 Risk Management Stop
3 weeks Trade Duration