GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of America Corp (XKAZ:BAC_KZ) » Definitions » 5-Day RSI

Bank of America (XKAZ:BAC_KZ) 5-Day RSI : 50.86 (As of Dec. 15, 2024)


View and export this data going back to 2014. Start your Free Trial

What is Bank of America 5-Day RSI?

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. The RSI is most typically used on a 14-day period, measured on a scale from 0 to 100. Traditionally, an asset is considered overbought or overvalued when the RSI is above 70 and oversold or undervalued when it is below 30. A shorter period RSI is more reactive to recent price changes, so it can show early signs of reversals. 5-Day RSI is sometimes used together with 14-Day RSI in a two period divergence strategy.

As of today (2024-12-15), Bank of America's 5-Day RSI is 50.86.

The industry rank for Bank of America's 5-Day RSI or its related term are showing as below:

XKAZ:BAC_KZ's 5-Day RSI is ranked better than
82.98% of 1622 companies
in the Banks industry
Industry Median: 47.605 vs XKAZ:BAC_KZ: 50.86

Competitive Comparison of Bank of America's 5-Day RSI

For the Banks - Diversified subindustry, Bank of America's 5-Day RSI, along with its competitors' market caps and 5-Day RSI data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Bank of America's 5-Day RSI Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Bank of America's 5-Day RSI distribution charts can be found below:

* The bar in red indicates where Bank of America's 5-Day RSI falls into.



Bank of America  (XKAZ:BAC_KZ) 5-Day RSI Calculation

The formula for calculating RSI is:

RSI=100[ 100 / ( 1 + Average Gain / Average Loss )]

* Note that the formula uses a positive value for the average loss.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Bank of America  (XKAZ:BAC_KZ) 5-Day RSI Explanation

The Relative Strength Index (RSI), developed by J. Welles Wilder in his book “New Concepts in Technical Trading Systems.”, is a momentum oscillator that measures the speed and change of price movements. The RSI is most typically used on a 14-day period, measured on a scale from 0 to 100.

Traditionally, an asset is considered overbought or overvalued when the RSI is above 70 and oversold or undervalued when it is below 30. A RSI surpasses the 30 level indicates a bullish sign, when it slides below 70 level, it’s a bearish sign. This level can be adjusted depending on the security’s pattern and the market’s underlying trend. In an uptrend or bullish market, the RSI might range within a higher interval, investors could set the support level higher. If a downtrend or bearish market occurs, investors may need to lower the resistance level.

RSI can also be used in trading techniques to indicate the trading signal, such as Divergences and Swing Rejections. A shorter period RSI is more reactive to recent price changes, so it can show early signs of reversals. 5-Day RSI is sometimes used together with 14-Day RSI in a two period divergence strategy.


Bank of America 5-Day RSI Related Terms

Thank you for viewing the detailed overview of Bank of America's 5-Day RSI provided by GuruFocus.com. Please click on the following links to see related term pages.


Bank of America Business Description

Address
100 North Tryon Street, Bank of America Corporate Center, Charlotte, NC, USA, 28255
Bank of America is one of the largest financial institutions in the United States, with more than $3.0 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily US-focused.

Bank of America Headlines

No Headlines