Bank of America Corp (BAC) rose slightly in recent intraday trading, testing the current resistance level of 52.20. The stock remains under the control of a main bullish trend, with price action moving along a short-term rising trend line and supported by trading above the 50-day SMA. However, RSI indicators are showing bearish signals after entering heavily overbought territory, which has limited the stocks latest gains.

Therefore, we expect the stock to rise in upcoming sessions, especially if it breaks above the 52.20 resistance, targeting the next resistance level at 57.40.

Todays price forecast: Bullish.