Expected to report an EPS of $0.82 on revenue of $25.13bn

BoA’s stock is currently trading at around $26.98 a share. Looking at the chart from a technical aspect, we can see that after the recent sell-off, its stock is trying to fight back but it’s struggling at the moment. Applying the Fibonacci retracement to the chart, it is visible that the key support level now sits at $25.46. The price did indeed try to rebound last week but was soon spooked on the first hurdle, or respectively, the 23.6% fib ($27.19). A close above the 23.6% fib would suggest that perhaps that rebound wasn’t short-lived, in that case, we would then look at resistance levels at $28.27 (38.2% fib) and then the tough level at $29.13 (50% fib). Looking towards the downside, in the scenario of disappointing earnings, minor support sits at $26.52 and then at $25.46. As already mentioned above. A break below $25.46 could see BoA’s stock head as low as the COVID levels. The technical indicators are a little mixed at this moment in time, which tends to be the case often prior to an earnings report. The MACD is positive whereas the RSI is just negative as it reads 43.6.