Bank of America
Short
Zaktualizowano

BAC Outlook

For my own educational purposes. Not to be used as financial advice.

1Y

Being held under 200EMA with decreasing volume.

RSI - Is in overbought territory, bearish.

MFI - Is in a downtrend, showing bearish sentiment.


5Y

Volume is still decreasing, meaning it is bearish.

RSI - Is in a downtrend, bearish.

MFI - In in an uptrend, bullish. *note that this uptrend was from the drop in March when everything went down. This would just be a correction, possibly a dead cat bounce


All-Timeline

Volume is slightly higher, bullish.

RSI - Is in oversold, bullish.

MFI - Is in a downtrend, bearish.


This could give off mixed signals, but when we take into account the state of the market and the economy, I feel the bearish signals are stronger. I feel we are in for more downside.
Uwaga
We are reaching a peak on the RSI on the ALL timeframe. The fall could be on its way.
Uwaga
This extension went on longer than anticipated and like I said there were mixed signals. RSI went from bullish and now is bearish.

RSI on the ALL timeframe is overextended and hit 100. Watch for the fall.
Uwaga
First gap at 26, then another between 16 and 30.
Uwaga
Too early on this call.
Uwaga
X

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