BAC Price Prediction Next Week
Based on the provided data and recent market activity, here's a comprehensive analysis for BAC's price prediction for next week:
Technical Analysis
- RSI (14) at 37.98 indicates the stock is approaching oversold territory
- MACD shows bearish momentum with -0.07 and negative histogram (-0.26)
- Stock is trading below its 5-day (45.92) and 10-day (46.30) moving averages
- Bollinger Bands show price near lower band (44.61), suggesting potential support level
Recent Price Action
- Current price: $44.80 (as of Feb 21, 2025)
- Trading range last week: $32.65 - $33.24
- Volume has been elevated, averaging over 35M shares daily
Fundamental Catalysts
- Credit card metrics remained stable in January with slight increase in delinquency rates to 3.07%
- Warren Buffett's Berkshire Hathaway reduced BAC holdings by one-third in 2024
- Bank received strong ratings from analysts with average price target of $52.43
- Q4 earnings beat expectations with EPS of $0.82, though credit quality concerns emerged
Price Prediction for Next Week Based on technical and fundamental factors:
Target Levels:
- Support: $44.15 (Fibonacci S2)
- Resistance: $47.58 (Fibonacci R1)
Expected Movement:
Bearish scenario (60% probability): Price likely to test support at $44.15 due to:
- Negative MACD momentum
- Recent selling pressure from Berkshire
- Credit quality concerns
Bullish scenario (40% probability): Potential bounce to $46.27 (Fibonacci pivot) if:
- RSI oversold conditions trigger buying
- Strong analyst ratings support price
- Market sentiment improves
Recommendation: SELL with target entry at current levels ($44.80) and exit at $44.15. Set stop-loss at $47.58.
BAC Similar Chart Price Prediction
The price of BAC is predicted to go up 13.05%, based on the high correlation periods with PGC. The similarity of these two price pattern on the periods is 91.2%.
BAC
PGC
Up: 13.05%Similarity: 91.2%
BAC Stock Forecast & Prediction For Years 2025, 2026, 2027, 2028, 2029 and 2030
Year
BAC Price Forecast($)
Potential Return(%)
2025
44.870
0.130
2026
55.000
18.790
2027
65.000
40.390
2028
65.000
40.390
2029
65.000
40.390
2030
65.000
40.390
What is BAC stock price prediction 2025 ?
What is BAC stock price prediction 2026 ?
What is BAC stock price prediction 2027 ?
What is BAC stock price prediction 2028 ?
What is BAC stock price prediction 2029 ?
What is BAC stock price prediction 2030 ?
BAC Revenue Forecast
BAC EPS Forecast
BAC FAQs
What is bull’s view on BAC?
What is bear's view on BAC?
What is BAC revenue forecast for next quarter？
What is BAC eps forecast for next quarter？
BAC VS S&P500
Bank of America is poised to succeed on a nationwide scale, and there seems to be no structural reason it can't be one of the strongest bank franchises going forward.
As a GSIB, Bank of America should not have to worry about deposit flight, and its valuation has become less demanding recently, potentially increasing future upside.
Bank of America is seeing exceptional digital adoption, and there still seems to be something left in the tank for expense savings, potentially helping the bank better absorb inflationary expense pressure.
BAC Analyst's Forecast
Scott Siefers
Piper Sandler
Hold
2025-01-17
Price Target
$50 → $49
Upside
+5.16%
Piper Sandler analyst R. Scott Siefers lowered the firm's price target on Bank of America to $49 from $50 and keeps a Neutral rating on the shares following the Q4 report. The bank's core results were better than anticipated thanks to better net interest income and credit costs than modeled, the analyst tells investors in a research note.
Betsy Graseck
Morgan Stanley
Hold
2025-01-17
Price Target
$54 → $56
Upside
+20.18%
Chris Kotowski
Oppenheimer
Buy
2025-01-17
Price Target
$54 → $55
Upside
+18.04%
