BAC (Bank of America Corporation) - Sector: Financials (Banking)
Sentiment:
--Neutral (slight bullish tilt). Pre-market options lean call-heavy, RSI likely ~48 (up from ~45 with +1.8% from $35.58 to $36.23), X posts overnight mixed—rate fears vs. recovery hopes—suggesting a bounce from $34.19 (April 4).
Tariff Impact:
--Moderate. 10% tariffs could hit loan demand (trade-sensitive clients), but BAC’s diversified revenue softens impact. Sentiment drives here.
News/Catalysts:
--Consumer Credit (April 8) key—strong data could lift BAC; X posts on banking resilience or tariff delays might boost today.
Technical Setup:
-Weekly Chart:
---HVN near $37 as resistance, weekly low ~$34 as support (April 4: $34.19).
---Sideways (8-week EMA ≈ 13-week ≈ 48-week, reflecting $35–$40 range).
---RSI ~48 (neutral),
---MACD near signal (histogram flat),
---Bollinger Bands near midline,
---Donchian Channels at midline,
---Williams %R -50 (neutral).
-One-Hour Chart:
---Support at $35.58 (prev. close), resistance at $36.68 (day high), weekly alignment.
---RSI ~50, MACD near signal (histogram flat),
---Bollinger Bands near midline,
---Donchian Channels at midline,
---Williams %R -48 (neutral).
-10-Minute Chart:
---Pre-market uptick to $36.23, 8/13/48 EMAs flat-to-up, RSI ~52,
---MACD flat near zero.
Options Data:
--GEX: Neutral (slight bullish tilt)—pinning shifts mildly upward.
--DEX: Neutral (slight bullish tilt)—call delta edges out puts.
--IV: Low—~20–25% vs. norm 25–30%, steady post-drop.
--OI: Balanced (slight call tilt)—OI leans above $36.
--Directional Bias: Neutral (slight bullish tilt). GEX’s mild upward pinning, DEX’s call delta hint at buying, low IV limits big swings, and slight call-heavy OI nudges up—neutral with a bullish edge.
Sympathy Plays:
--JPM (JPMorgan Chase): Rises if BAC gains, falls if BAC fades.
--WFC (Wells Fargo): Gains with BAC upside, drops if BAC weakens.
--Opposite Mover: BAC rallies → cyclicals like ALK fade; BAC dumps → JPM/WFC soften.
Sector Positioning with RRG: --- Financials (Banking).
--RRG Position: Improving Quadrant. BAC’s bounce from $34.19 lifts it vs. XLF.
Targets: Bullish +2% ($36.95, hourly resistance); Bearish -2% ($35.50, hourly support).
Sentiment:
--Neutral (slight bullish tilt). Pre-market options lean call-heavy, RSI likely ~48 (up from ~45 with +1.8% from $35.58 to $36.23), X posts overnight mixed—rate fears vs. recovery hopes—suggesting a bounce from $34.19 (April 4).
Tariff Impact:
--Moderate. 10% tariffs could hit loan demand (trade-sensitive clients), but BAC’s diversified revenue softens impact. Sentiment drives here.
News/Catalysts:
--Consumer Credit (April 8) key—strong data could lift BAC; X posts on banking resilience or tariff delays might boost today.
Technical Setup:
-Weekly Chart:
---HVN near $37 as resistance, weekly low ~$34 as support (April 4: $34.19).
---Sideways (8-week EMA ≈ 13-week ≈ 48-week, reflecting $35–$40 range).
---RSI ~48 (neutral),
---MACD near signal (histogram flat),
---Bollinger Bands near midline,
---Donchian Channels at midline,
---Williams %R -50 (neutral).
-One-Hour Chart:
---Support at $35.58 (prev. close), resistance at $36.68 (day high), weekly alignment.
---RSI ~50, MACD near signal (histogram flat),
---Bollinger Bands near midline,
---Donchian Channels at midline,
---Williams %R -48 (neutral).
-10-Minute Chart:
---Pre-market uptick to $36.23, 8/13/48 EMAs flat-to-up, RSI ~52,
---MACD flat near zero.
Options Data:
--GEX: Neutral (slight bullish tilt)—pinning shifts mildly upward.
--DEX: Neutral (slight bullish tilt)—call delta edges out puts.
--IV: Low—~20–25% vs. norm 25–30%, steady post-drop.
--OI: Balanced (slight call tilt)—OI leans above $36.
--Directional Bias: Neutral (slight bullish tilt). GEX’s mild upward pinning, DEX’s call delta hint at buying, low IV limits big swings, and slight call-heavy OI nudges up—neutral with a bullish edge.
Sympathy Plays:
--JPM (JPMorgan Chase): Rises if BAC gains, falls if BAC fades.
--WFC (Wells Fargo): Gains with BAC upside, drops if BAC weakens.
--Opposite Mover: BAC rallies → cyclicals like ALK fade; BAC dumps → JPM/WFC soften.
Sector Positioning with RRG: --- Financials (Banking).
--RRG Position: Improving Quadrant. BAC’s bounce from $34.19 lifts it vs. XLF.
Targets: Bullish +2% ($36.95, hourly resistance); Bearish -2% ($35.50, hourly support).
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.