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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
$25.31
$0.23(0.92%)
Canadian Market opens in 44h 57m

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 neutral trend on the TSX, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 44.81)
Trend Strength:Strong (ADX: 37.72)
Volatility:Low (ATR: 0.50)
Support/Resistance:$24.52 – $25.66 (Bollinger Bands)

Technical conditions suggest Bank of America Corporation on the TSX is awaiting a decisive move. Overall, Bank of America Corporation remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 44.81

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 38.92

Bearish
Momentum remains weak below midpoint.

Williams %R: -57.23

Neutral
Balanced market without strong signals.

Rate of Change (ROC): 0.48

Neutral
Price change is minimal.

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

Trend & Volatility

MACD: -0.41

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 37.72

Strong
Strong trend, momentum well established.

ATR (14): 0.50

Low
Low volatility, stable price action.

CCI (14): 18.16

Neutral
Neutral, no strong directional signal.

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

Support & Resistance indicators
Bollinger Bands
Upper Band
$25.66
Middle Band (SMA 20)
$25.09
Lower Band
$24.52
Current Position
Within Bands

Takeaway:Bank of America Corporation trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$26.32
Middle Line (EMA 20)
$25.33
Lower Channel
$24.33
Squeeze Status
Squeeze On

Takeaway:Bank of America Corporation trades around the middle line, reflecting balanced price action.

Volume & Money Flow Analysis
On-Balance Volume-496.73K
Money Flow Index17.22Bullish, oversold conditions signal rebound potential.
Relative Vigor Index50.55Neutral to Bullish, buyers hold a slight edge.

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

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.

Price trading above middle Bollinger Band → mid-term support intact.

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

Bearish Signals

No significant bearish signals detected.

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