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Market Overview
Bank of America (BAC) closed at $52.69 on January 29, 2026, reflecting a slight decrease of 0.04% from the previous close of $52.71, yet maintaining an uptrend with a 30-day return of 1.57%. The stock’s price remains above the 20-day SMA of 52.03 and near the 5-day SMA of 52.70, supported by a 50-day and 200-day moving average that continue to confirm positive momentum. The RSI indicates moderate strength, while key support is near $51.50 and resistance around $52.98. No major upcoming events are noted that could significantly impact price action. Technical indicators suggest steady gains consistent with the current trend. For information only.
Last Updated 1/29/26

Sam Bourgi is an analyst, writer and financial market commentator featured in and cited by U.S. Congress, Department of Justice, Chicago Board Options Exchange, Barron's and Forbes. He covers stocks, bonds, mutual funds, ETFs, forex, Bitcoin, cryptocurrency, real estate and macroeconomics. He has written over 25,000 articles and over 40 whitepapers and e-books.