BAC Weekly Trend Analysis: Insights into Market Challenges and Potential Downtrends.


 The weekly trend of BAC has been in the Bearish zone for 7 consecutive weeks. 
In this zone, there's a strong downward trend with weakening selling pressure and occasional uptrends marked by stronger buying momentum. Due to these dynamics, the stock price fluctuates downward, pauses during uptrends, or temporarily rises. If it fails to enter the Bullish zone, the trend reverts to a significant downtrend, with increased selling pressure. 

Currently, BAC's weekly trend has shifted to a short-term uptrend this week, expected to last for about 2 weeks, but without entering the Bullish zone. Thus, a return to the downtrend is likely in 2-3 weeks, mirroring the broader 75% similarity with the US market. Any upcoming short-term highs are precarious, possibly followed by a sharp decline 1-2 weeks later.

Oct 09, 2023

Closed price

26.76

2.65%

 

 

Appropriate Investment Position: Bearish-Sell [Long-term strategy]

This week's stock price Buy-Sell intensity analysis

The current trend appears to be 'Rebound trend'. The OPEN-price started with a stronger decline rate than the current trend and The HIGH and LOW prices are showing a stronger HIGH-price and a weaker LOW-price Finally, the CLOSE-price closed with a suitable upward rate for the current trend.

The overall buy-and-sell intensity indicates that the buy intensity is stronger than the sell.

Assuming that the average buy intensity is 100%,

This week's buy intensity is

140%

 

 

Next week's stock price Buy-Sell intensity Prediction

Based on recent stock trends and technical analysis, it looks like BAC stock is poised for a Rebound trend next week

The %intensity of Risk & Return next week :

45%

HIGH ~ LOW % range next week :

3.1%

0.5%

Predicted Average return over the next 3 weeks:

5.0%

The price of BAC stock moves in line with the rise and fall of the stock market index with a probability of

75%

 

, and conversely, it moves against the stock market index trend with a probability of

25%

 

because of the high similarity, the predicted flow might change depending on the flow of the stock market index. If any changes are made, the stock flow of the 10-week forecast may also change.

BAC stock price 10 Week prediction [Short-term strategy]

It is expected that the overall trend movement over the next 10 weeks will follow a sideways box pattern, with a ratio of 4 : 6 for the downward to upward direction, indicating a higher proportion of the upward trend. However, in terms of the expected strength of the upward and downward movements, the upward strength is moderate, while the downward strength is higher. Currently, it's in the midst of a rebound trend in an upward-trending market with a box pattern of price fluctuations, marked by small declines and upward fluctuations. and The Buy-Sell intensity has changed from a strong selling flow to a suddenly strengthening buying flow.

Indicating that We are currently in a bearish zone. Therefore, it is recommended to implement a strategy to reduce risk and take a suitable investing position. A suitable investing position is 'Neutral' for now. The appropriate selling timing is predicted to be in 2 weeks.

The selling date is

Oct 16

to

Oct 23

A good price to sell a stock:

$ 28.00

And the appropriate buying timing is predicted to be in 5 weeks.

The buying date is

Nov 06

to

Nov 13

A good price to buy a stock:

$ 25.81

(Prediction may shift due to changes in the Buy-Sell intensity)

Volatility of Prediction

Due to sudden changes in Buy-Sell intensity that can cause instability in trend linkage, pretiming predictions can be highly volatile.

Prediction the turning point of the trend

The probability of a trend reversal occurring approximately 3 weeks from now, 6 weeks from now, 9 weeks from now

73%

Prediction of Upper~Lower price range over the next 10 weeks

Price:

25.95

~

27.80

% Change:

-3.0%

~

3.9%

Median price between the upper and lower prices

26.87

0.4%

Analysis of the trend zone & level% and average intensity of trends

For the last 30 weeks, the average trend zone & level%

Bearish

-21%

The Current trend zone & level%

Bearish

-63%

The expected average trend zone & level% for the next 10 weeks

Bearish

-34%

If the trend moves upward from the current trend level%, it's expected to have an average upward strength of

39%

(Max 100%)

And if it moves downward, it is expected to have a downward strength of

-71%

(Min -100%)

Prediction the intensity of the trend and the range of the HIGH ~ LOW

Trend

%Intensity

HIGH

LOW

In 1 week: Rebound trend

45%

3.1%

0.5%

In 2 weeks: Entering a downtrend

37%

2.2%

0.4%

In 3 weeks: Entering a downtrend

-100%

0.3%

-4.6%

In 4 weeks: Downtrend

-92%

0.9%

-3.4%

In 5 weeks: Entering a rebound trend

-42%

0.0%

-1.8%

In 6 weeks: Entering a rebound trend

43%

3.3%

-0.3%

In 7 weeks: Rebound trend

42%

4.3%

0.5%

In 8 weeks: Rebound trend

30%

1.8%

0.2%

In 9 weeks: Entering a downtrend

-20%

1.0%

-1.3%

In 10 weeks: Downtrend

-100%

-0.3%

-5.1%

Average closing price in case of rising:

 

2.7%

=> HIGH ~ LOW range:

4.4%

~

-1.7%

Average closing price in case of falling:

 

-3.7%

=> HIGH ~ LOW range:

2.0%

~

-4.8%

The 10-week prediction and technical analysis of BAC stock are conducted based on the analysis of buy-sell intensity by the pretiming analysis. This analysis provides detailed information on various aspects, including the best stocks to buy, stock price targets, and investment strategies. It also includes bearish and bullish stock trend analysis as well as stock technical analysis.

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