Bank of America Corporation technical analysis
Technical analysis of Bank of America Corporation (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
What is Bank of America Corporation
Bank of America Corporation is a financial services company that operates worldwide providing banking products and services through four main segments: Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets. The company offers savings accounts, investment products, credit and debit cards, mortgages, wealth management services, lending products, treasury solutions, and market-making and derivatives trading services.
Description generated automatically from public sources; it may be inaccurate or out of date.
Bank of America Corporation: latest session data
Closing values for October 20, 2026, computed on the last 12 months of prices.
Moving averages
21 sessions
53.84 $
−5.95%
50 sessions
58.42 $
−13.32%
200 sessions
54.71 $
−7.44%
Session levels
s2
49.38
Support
s1
49.88
Support
pivot
50.71
Pivot
r1
51.21
Resistance
r2
52.04
Resistance
How to read it
In the October 20, 2026 session Bank of America Corporation closed higher at 50.64 $, +0.50% versus the previous session.
The price sits below every moving average observed: −5.95% against the 21-session average, −13.32% against the 50 and −7.44% against the 200.
The 14-period RSI reads 24.1, in oversold territory.
MACD stands at -2.049 against a signal line at -1.892: the histogram is negative (−0.157).
ADX reads 49.0, indicating a marked directionality.
Levels computed on the latest session place supports at 49.88 and 49.38 $ and resistances at 51.21 and 52.04 $, around a pivot of 50.71.
The average daily range (ATR) is 1.314 $, or 2.60% of price.
Turnover was 42.9M shares, 100% of the 20-session average.
Over the last twelve months the price ranged between 48.80 and 64.89 $, and today stands −21.96% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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How Montbon’s technical analysis works
Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
FAQ about Bank of America Corporation
How is Bank of America Corporation analysed technically?
Technical analysis of Bank of America Corporation is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for Bank of America Corporation?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to Bank of America Corporation?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to Bank of America Corporation it helps frame the technical structure of the historical chart and is not a forecast.
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