$BAC Bank of America Corporation Stock Robo Analyst March 7 2020 #BAC

Bank of America Corporation (BAC) “On a long-term technical basis, the stock (BAC) is trading below its 200-day moving average which implies it is in a negative trend.

The stock has support at 25.06 and 21.31. If the stock breaks down through support at 25.06 then it will probably continue lower to 21.31. The stock has resistance at 29.16 and at 30.78. If the stock breaks up through resistance at 29.16 then it will probably continue higher to 30.78. The 200-day moving average is at 30.78. This will also act as resistance. The stock is extremely oversold according to the Stochastic Indicator (10.46).”