Meyka Pro is live. Get 50% off your first 3 months.Get Started →
Meyka Pro banner
Bank of America Corporation

BOFA.NE Technical Analysis Summary (NEO)

Analyze BOFA.NE on the NEO with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

BOFA.NE●NEO
Financial ServicesBanks - Diversified
$31.19
$0.34(1.10%)
Canadian Market opens in 2h 45m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

BOFA.NE Technical Analysis Summary (NEO)

Bank of America Corporation (NEO: BOFA.NE) stock currently shows a bullish trend on the NEO, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Neutral to Bullish (RSI: 52.79)
Trend Strength:Moderate (ADX: 29.03)
Volatility:Low (ATR: 0.35)
Support/Resistance:$30.42 – $32.43 (Bollinger Bands)

Technical conditions suggest Bank of America Corporation on the NEO is awaiting a decisive move. Technical signals confirm buyers remain in control of Bank of America Corporation’s price action.

Momentum Indicators

RSI (14): 52.79

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 23.31

Bearish
Momentum remains weak below midpoint.

Williams %R: -74.51

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): 0.39

Neutral
Price change is minimal.

Takeaway:Bank of America Corporation shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: 0.42

Bullish
Bullish, trend momentum is strengthening.

ADX: 29.03

Moderate
Moderate trend, direction gaining strength.

ATR (14): 0.35

Low
Low volatility, stable price action.

CCI (14): -97.35

Bearish
Bearish, momentum remains under pressure.

Takeaway:Bank of America Corporation shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$32.43
Middle Band (SMA 20)
$31.43
Lower Band
$30.42
Current Position
Within Bands

Takeaway:Bank of America Corporation trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$31.94
Middle Line (EMA 20)
$31.23
Lower Channel
$30.52
Squeeze Status
No Squeeze

Takeaway:Bank of America Corporation trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume68.36K
Money Flow Index33.01Bearish, selling pressure outweighs inflows.
Relative Vigor Index53.35Neutral to Bullish, buyers hold a slight edge.

Overall Takeaway:BOFA.NE shows mixed signals in money flow analysis.

Technical Trading Signals Summary
Based on the current technical analysis of Bank of America Corporation (NEO: BOFA.NE), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

MACD below signal line → short-term caution on momentum.

Overall Recommendation:Bank of America Corporation stock shows a Strong Buy signal — momentum and trend strength are firmly positive, supported by stable volatility.

(NEO: BOFA.NE) Technical Analysis FAQ