Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Bank of America's stock was hurt by a negative pattern that formed in the short term, the Rising Wedge pattern, while also hurt by negative pressure from the 50-day SMA, coinciding with negative signals from the RSI.
Therefore we expect the stock to decline as long as the resistance of 28.70 holds on, targeting the support of 26.83.
Expected trend for today: Bearish