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Markets › Bank of America › Hammer

US stock market · candlestick pattern

Hammer on Bank of America

On Bank of America the hammer showed up 26 times. The target came first 31% of the time, the stop 69%, and 0% 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
Daily1429%71%0%
Hourly1233%67%0%

Bank of America against the rest

ChartsFoundTarget firstStop firstWent nowhere
Bank of America2631%69%0%
All US stock market charts73237%59%4%
Every market11,79231%58%10%

Year by year

YearFoundTarget firstStop first
202230%100%
202430%100%
2025650%50%
2026922%78%

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 hammer is

After a fall, a long lower wick shows buyers stepped in.

Drop a ball on the floor and it bounces back up. A hammer candle is like that: price fell a lot during the candle, then buyers bounced it back up near where it started. The long tail below shows how far it dropped before the bounce.

The full hammer lesson, video and quiz ›

Other patterns on Bank of America

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

The hammer elsewhere

Dow Jones · S&P 500 · Nasdaq 100 · Alibaba · Tesla · Broadcom · Oracle · Microsoft · Meta · Intel · Nifty 50 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Ethereum · Bitcoin

Questions

How often does the hammer work on Bank of America?

In 26 cases on Bank of America, the target (1.5 × ATR) came before the stop (1 × ATR) 31% of the time and the stop came first 69%; 0% went nowhere within 12 candles.

What is the hammer?

After a fall, a long lower wick shows buyers stepped in.