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Markets › Bank of America › OBV bullish divergence

US stock market · indicator signal

OBV bullish divergence on Bank of America

On Bank of America the obv bullish divergence showed up 25 times. The target came first 36% of the time, the stop 60%, and 4% 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
Daily967%22%11%
Hourly1619%81%0%

Bank of America against the rest

ChartsFoundTarget firstStop firstWent nowhere
Bank of America2536%60%4%
All US stock market charts59339%56%5%
Every market8,28036%55%9%

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 obv bullish divergence is

Price made a lower low, but volume flow made a higher low. Sellers were running out of force.

Imagine a tug of war where one team pulls the rope lower, but fewer and fewer people are pulling with them. OBV counts how much trading pushes price up versus down. A bullish divergence is when price makes a lower low, but OBV does not follow it down.

The full obv bullish divergence 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 obv bullish divergence elsewhere

Nasdaq 100 · Alibaba · Broadcom · Oracle · Nvidia · Meta · Boeing · Amazon · Alphabet (Google) · Netflix · Sony · Ethereum · Bitcoin

Questions

How often does the obv bullish divergence work on Bank of America?

In 25 cases on Bank of America, the target (1.5 × ATR) came before the stop (1 × ATR) 36% of the time and the stop came first 60%; 4% went nowhere within 12 candles.

What is the obv bullish divergence?

Price made a lower low, but volume flow made a higher low. Sellers were running out of force.