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Markets › Bank of America › Inverted hammer

US stock market · candlestick pattern

Inverted hammer on Bank of America

On Bank of America the inverted hammer showed up 32 times. The target came first 38% of the time, the stop 59%, and 3% 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
Daily1553%40%7%
Hourly1724%76%0%

Bank of America against the rest

ChartsFoundTarget firstStop firstWent nowhere
Bank of America3238%59%3%
All US stock market charts61143%53%4%
Every market6,73437%55%8%

Year by year

YearFoundTarget firstStop first
201640%100%
2024729%71%
2025633%50%
2026944%56%

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 inverted hammer is

After a fall, buyers tried to push up. A first sign of interest.

Imagine a kid who keeps losing a game and finally jumps as high as they can. They land back down, but everyone noticed the jump. An inverted hammer is that jump: after a fall, buyers pushed price up high during the candle, even though it slid back before the close.

The full inverted 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 inverted hammer elsewhere

Dow Jones · S&P 500 · Alibaba · Oracle · Microsoft · Intel · Boeing · Amazon · Alphabet (Google) · Netflix · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Ethereum · Bitcoin

Questions

How often does the inverted hammer work on Bank of America?

In 32 cases on Bank of America, the target (1.5 × ATR) came before the stop (1 × ATR) 38% of the time and the stop came first 59%; 3% went nowhere within 12 candles.

What is the inverted hammer?

After a fall, buyers tried to push up. A first sign of interest.