Bank of America is expected to report its earnings today. Indicators are currently showing a positive approach.

Bank of America is expected to release its earnings today with an EPS of $0.78 and revenue of $23.56 billion. From a technical aspect, its share price is currently sitting at $32.37. Minor resistance sits at $32.62 followed by a further resistance level at $33.65. A break above the $33.65 price level could see the stock head up towards the $35-$36 price range (corresponding with the upper Bollinger band). Towards the downside, the first support level sits at $31.23 (below the middle moving average) followed by a major support level at $29.12 (just above the lower Bollinger band). A break below the major support could see the share price slide towards the pandemic lows. Looking at the indicators, MACD is positive and RSI reads 51, overall suggesting a bullish approach.