Want to know the current price of Bank of America and what’s next for BAC shares? On this page, we share the latest news about the Bank of America Corporation and give advice on buying shares. You can also view the latest Bank of America stock forecast for 2021 and 2022 from our experts.
Should you buy or sell Boeing shares today? To what levels can the shares of this company rise in a year, two, three? How much will Boeing papers cost in 2021, 2022, 2023? We have been making currency rate forecasts for a long time, and we can also predict the behavior of the stock market using technical analysis and simple indicators.
We also take into account the technical, fundamental analysis of stocks, the news background, the general geopolitical situation in the world and other, smaller factors. The stock forecasts indicate target levels for BAC shares, both up and down.
Bank of America Forecast for 2022 and 2023
Quotes of Bank of America continue to move within the correction and the rising channel. The moving averages indicate a short-term bullish trend for BAC stock. Prices are testing the area between the signal lines for the second time, which indicates pressure from buyers of securities and a likely continuation of growth in the near future. At the time of publication of the forecast, the share price is 41.19 per share. As part of the forecast, we should expect an attempt to continue the development of the fall and a test of the support level near the area of 33.55. Further, the price bounces up and the continued rise in the value of securities. The potential target of such a movement in shares is the area above the level of 55.05 already in 2021, 2022, 2023.
An additional signal in favor of the growth of Bank of America quotes will be a test of the ascending trend line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the bullish channel. Cancellation of the option of raising the quotes of the Bank of America Corporation shares will be a fall and a breakdown of the level of 26.05. This will indicate a breakdown of the support area and the lower border of the channel, in which case we can consider a continuation of the decline in securities to the area at the level of 17.05. It is worth waiting for confirmation of the rise in shares with a breakdown of the resistance area and closing above the level of 45.05, which will indicate a breakdown of the local maximum.
Bank of America Forecast for 2022 and 2023 assumes the development of a decline and a test of the support area near the level of 33.55. Where should we expect a rebound and an attempt to continue the rise of shares in the area above the level of 55.05. In favor of the growth of securities, a test of the trend line on the relative strength index (RSI) will come out. Cancellation of the BAC rise option will be a fall and a breakdown of the level of 26.05. This will indicate a breakdown of support and a continued fall in value to the area below the level of 17.05.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
