Trading Class

Markets › Bank of America › Gap up

US stock market · price-structure setup

Gap up on Bank of America

On Bank of America the gap up showed up 178 times. The target came first 43% of the time, the stop 52%, and 5% went nowhere within 12 candles.

Counted on Bank of America: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily8254%44%2%
Hourly9633%59%7%

Bank of America against the rest

ChartsFoundTarget firstStop firstWent nowhere
Bank of America17843%52%5%
All US stock market charts5,18341%53%6%
Every market12,76840%54%6%

Year by year

YearFoundTarget firstStop first
2016956%44%
20171242%58%
2018333%67%
2019560%20%
20201233%67%
2021978%22%
2022850%50%
2023956%44%
2024771%14%
20255433%63%
20265038%52%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the gap up is

Price opened above the previous candle's high. It jumped up between the two candles.

Imagine a shop that shuts at night. While it is closed, everyone hears great news about a toy, so when the shop opens, the very first price is already above anything paid the day before. On a chart, a candle that starts above the top of the candle before it is called a gap up.

The full gap up lesson, video and quiz ›

Other patterns on Bank of America

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Gap down · Doji · MACD bearish cross · RSI overbought drop · EMA 9/21 bullish cross · EMA 9/21 bearish cross · all of them

The gap up elsewhere

Dow Jones · S&P 500 · Nasdaq 100 · Alibaba · Tesla · Broadcom · Oracle · Nvidia · Microsoft · Meta · Sensex · Nifty 50 · Nikkei 225 · Sony

Questions

How often does the gap up work on Bank of America?

In 178 cases on Bank of America, the target (1.5 × ATR) came before the stop (1 × ATR) 43% of the time and the stop came first 52%; 5% went nowhere within 12 candles.

What is the gap up?

Price opened above the previous candle's high. It jumped up between the two candles.