Bank of America (BAC) edged higher in its latest intraday trading, supported by its rebound from the 50-day simple moving average. This comes within the context of a dominant short-term uptrend, alongside the early formation of a positive divergence on the Relative Strength Indicators after reaching extremely oversold levels relative to price movement, with bullish signals beginning to appear.

Therefore, we expect the stock to rise in the upcoming sessions, provided the support level at 50.95 dollars holds, targeting the key resistance at 54.70 dollars.

Todays price forecast: Bullish