Bank of America (BAC) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for BAC · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$62.90last close · Aug 4, 202652-week range $44.75 – $63.54 · 1.01% below the high

BAC Rising Wedge Pattern

BAC is currently forming a rising wedge on the daily timeframe. Detected Aug 4, 2026.

A rising wedge is a breakdown that suggests the recent run may be rolling over. A breakout projects a measured-move target near $59.27 (−5.0%). Across 9,519 backtested rising wedges, the setup followed through 50.0% of the time, averaging +0.19R; BAC's own rising wedges have hit 57.1%.

DirectionBearishTarget$59.27Projected move−5.0%Breakout level$62.16

New to this pattern? What a rising wedge is and how to trade it →

BAC's Most Recent Rising Wedge Trade

BAC's most recent completed rising wedge resolved as a loss: it broke down on Jul 20, 2026 near $60.80, then was stopped out at $62.13 on Jul 27, 2026 — a -1.01R move (2.2%) over 5 sessions. Across 159 backtested rising wedges, this setup wins 57.2% of the time.

OutcomeLossResult-1.01REntry$60.80Exit$62.13

Learn about rising wedge

How Rising Wedges Have Performed

Win rate
50.0%
Avg return
+0.19R
Backtested trades
9,519
BAC win rate
57.1%

Historical pattern statistics (2006-08-04 – 2026-08-04), not a prediction.

How these backtests work →

BAC Pattern Trade History

Every completed pattern trade our nightly backtest found on BAC's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Rising WedgeJul 20, 2026 @ $60.80Jul 27, 2026 @ $62.13Loss-1.01R
Rising WedgeJan 12, 2026 @ $55.29Jan 14, 2026 @ $52.29Win+1.33R
Rising WedgeNov 14, 2025 @ $52.76Dec 12, 2025 @ $55.14Loss-1.23R
Falling WedgeAug 22, 2025 @ $48.58Sep 30, 2025 @ $51.59Win+0.78R
Bullish PennantJun 23, 2025 @ $45.75Jul 8, 2025 @ $47.15Win+0.67R
Rising WedgeFeb 19, 2025 @ $45.88Feb 25, 2025 @ $43.51Win+1.96R
Rising WedgeFeb 10, 2025 @ $46.80Feb 21, 2025 @ $44.71Win+1.77R
Rising WedgeJul 9, 2024 @ $41.16Jul 22, 2024 @ $42.30Win+0.41R
Rising WedgeJul 2, 2024 @ $40.45Jul 22, 2024 @ $42.30Win+0.87R
Rising WedgeMar 12, 2024 @ $35.96May 29, 2024 @ $38.72Win+0.76R
TriangleMar 5, 2024 @ $35.45May 29, 2024 @ $38.72Win+1.05R
Rising WedgeDec 7, 2023 @ $30.59Dec 13, 2023 @ $32.04Loss-1.57R

BAC Support and Resistance Levels

Price is being turned away at a ceiling near $63.99 and starting to slide. On the weekly chart, the next floor below sits near $56.35 — about 10% away.

  • Traders commonly watch $56.35 as a target (its 23.6% retracement) — think of it as a sensible next stop, not a guarantee.
  • That floor is the first place the slide might steady — worth watching how price behaves as it gets there.
  • There's nothing to act on yet — the spot to watch is right at the $63.99 ceiling, where price is testing it now, not out here in the slide. Chasing once price pulls away tends to be worse odds.

Nearest auto-detected support sits near $53.96, resistance near $64.45. These are chart/swing-derived levels, not formula pivots.

Resistance
$64.45$68.39
Support
$53.96

BAC Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$62.47$63.54$62.35$62.90
Aug 3, 2026$62.26$62.51$61.71$62.48
Jul 31, 2026$61.54$62.24$61.54$61.95
Jul 30, 2026$61.52$61.93$61.03$61.73
Jul 29, 2026$62.51$62.65$60.91$61.07
Jul 28, 2026$62.30$62.66$61.90$62.62
Jul 27, 2026$62.52$62.99$61.84$62.13
Jul 24, 2026$61.53$62.28$61.28$62.05
Jul 23, 2026$61.35$61.50$60.71$61.28
Jul 22, 2026$61.40$61.90$61.15$61.62

BAC Frequently Asked Questions

What chart pattern is BAC forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a rising wedge on Bank Of America (BAC) on the daily chart, with a measured-move target of $59.27.
Is a rising wedge bullish or bearish?
The rising wedge detected on BAC is a bearish pattern, projecting a measured-move target of $59.27. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a rising wedge pattern, and what is its win rate?
Across TradingPal's backtest of the rising wedge family (9,519 trades over 631 symbols), it resolved in the expected direction 50.0% of the time with an average of +0.19R. These are historical statistics, not a prediction.
What are the support and resistance levels for BAC?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), BAC's nearest support is around $53.96 and nearest resistance around $64.45.
What is the price target if BAC's pattern breaks out?
The detected rising wedge has a geometry-based measured-move target of $59.27 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was BAC's closing price on Aug 4, 2026?
Bank Of America (BAC) last closed at $62.90 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.