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Bank of America Corporation

BOFA.TO Technical Analysis Summary (TSX)

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

BOFA.TO●TSX
Financial ServicesBanks - Diversified
$25.07
$0.22(0.87%)
Canadian Market is Open · 10:50

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.TO Technical Analysis Summary (TSX)

Bank of America Corporation (TSX: BOFA.TO) stock currently shows a bearish trend on the TSX, supported by momentum and weak buying pressure.

Overall Sentiment:Sell
Momentum:Bullish to Strongly Bullish (RSI: 26.39)
Trend Strength:Very Strong (ADX: 72.21)
Volatility:Medium (ATR: 0.54)
Support/Resistance:$24.66 – $28.39 (Bollinger Bands)

Technical conditions suggest Bank of America Corporation on the TSX is awaiting a decisive move. This mix signals that Bank of America Corporation is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 26.39

Bullish
Oversold, buying opportunity potential.

Stochastic %K: 28.25

Bearish
Momentum remains weak below midpoint.

Williams %R: -67.66

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): -5.05

Strongly Bearish
Sharp downside momentum.

Takeaway:Bank of America Corporation shows weakening momentum, with sellers gaining the edge.

Trend & Volatility

MACD: -0.79

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 72.21

Very Strong
Very strong trend, powerful directional momentum.

ATR (14): 0.54

Low
Low volatility, stable price action.

CCI (14): -77.17

Bearish
Bearish, momentum remains under pressure.

Takeaway:Bank of America Corporation shows weakening trend signals, with bearish pressure building.

Support & Resistance indicators
Bollinger Bands
Upper Band
$28.39
Middle Band (SMA 20)
$26.53
Lower Band
$24.66
Current Position
Within Bands

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

Keltner Channels
Upper Channel
$27.48
Middle Line (EMA 20)
$26.40
Lower Channel
$25.32
Squeeze Status
No Squeeze

Takeaway:Bank of America Corporation trades near the lower channel, signaling strong support and possible rebound.

Volume & Money Flow Analysis
On-Balance Volume-244.84K
Money Flow Index55.88Neutral, balanced money flows with no clear signal.
Relative Vigor Index56.24Neutral to Bullish, buyers hold a slight edge.

Overall Takeaway:BOFA.TO shows bullish money flow, with volume and vigor supporting buyers.

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

Bullish Signals

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 shows a Bearish signal — selling pressure is building, with trend indicators favoring downside.

(TSX: BOFA.TO) Technical Analysis FAQ