Technical Signal Analysis for Bank of America Corporation (NYSE:BAC)

46

Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Bank of America Corporation (NYSE:BAC) for the period of 9-Day stands at 22.61% while the stochastic %D for the same period stands at 20.11%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Bank of America Corporation (NYSE:BAC) signals “Sell” while other important signals like the 20-Day Moving Average Vs. Price signals “Sell”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Sell” for Bank of America Corporation (NYSE:BAC) while 20-100 Day MACD Oscillator indicates “Sell”.

Bollinger band is a volatility indictor of a certain security, currently Bank of America Corporation (NYSE:BAC)’s 20-Day Bollinger Band indicates “Hold”.

Previous Day Activity Analysis

On the last trading day, Bank of America Corporation (NYSE:BAC) opened the session at $23.22 and after going up 2.05% closed at $23.36. The stock gained 0.14 points in the last trade.

Bank of America Corporation (NYSE:BAC)’s stock fluctuated in the range of $23.08 and $23.41 during the previous active session. Bank of America Corporation (NYSE:BAC) traded with the volume of 73.02 Million with average volume of 69.95 Million. The stock has MEDIUM volatility on the last trading session.

Currently the Beta for the company remains at 1.25 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.47 and 43.13 respectively.

Currently the Insider Ownership of the shares of Bank of America Corporation (NYSE:BAC) is at 0.13% and the shares outstanding are 10.59 Billion.

Important Ratio Analysis

Some important ratios to consider here for Bank of America Corporation (NYSE:BAC) are discussed below:

Dividend yield of Bank of America Corporation (NYSE:BAC) stands at 2.05% whereas Price to Earnings P/E ratio stands at 14.09 while Forward P/E shows the value of 10.73.

The PEG ratio (Price to Earning to Growth) emits the value of 1.2. The Price to Sale P/S and Price to Book P/B shows the value of 4.64 and 0.95 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 0.39 and 0 correspondingly.

The Quick Ratio of Bank of America Corporation (NYSE:BAC) stands at 0 while the Current Ratio depicts the value of 0.

Return on Assets ROA of Bank of America Corporation (NYSE:BAC) is at 0.8% whereas, Return on Equity ROE and Return of Investment ROI of Bank of America Corporation (NYSE:BAC) stand at 7.4% and 4.6% respectively.

The payout ratio of Bank of America Corporation (NYSE:BAC) stands at 16.8%.

Stock Performance Analysis

The stock performance of Bank of America Corporation (NYSE:BAC) on the basis of 5 day trade show the dip of -3.03% whereas, the monthly performance of the stock shows decrease of -3.15%.

The quarterly performance of the stock remained in red zone with the value of -1.77% while six month performance of the shares of Bank of America Corporation (NYSE:BAC) remained bearish with the count of -7.67%.

The yearly and YTD performance of Bank of America Corporation (NYSE:BAC) remained up at 48.41% and 5.7% respectively.