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Earnings season is kicking off with the banks! I like using the Kiplinger earnings calendar to find big companies reporting earnings at least one day out. Here’s my take on structure and price behavior for companies reporting Wed Jan 14th.
🔍 Highlights
1️⃣ Bank of America (BAC)
I start with the weekly chart anytime it’s a stock I don’t look at every day. That bigger-picture perspective matters.
Like many stocks, Bank of America has been higher off the April 2025 tariff-announcement low. More recently, it’s pulling back from the week ending January 9. The most important long-term support is the most recent higher low, while the most relevant resistance is last week’s high.
On the daily chart, price is heading into earnings tomorrow before the open. The key short-term support comes from the December 18 low, with resistance near the January 12 high. Structurally, the trend is still up — but there’s room for price to work lower first.
Based on my forecasting techniques, there’s potential for shares to drift toward the mid-50s area. What’s interesting is that this forecast wasn’t driven by earnings — it simply lined up with the timing. When important fundamental dates align with technical structure, it makes the day more meaningful.
2️⃣ Citigroup (C)
Citigroup has had a stronger upside move than BAC, but it’s now in a corrective phase.
On the daily chart, price has intraday broken below the December 31 support. Because today hasn’t closed yet, I keep that level on the chart — but I mark it as a dashed line. That way I know it was technically violated, even if the close is still unresolved.
If price continues lower, the next support sits near the December 16 low. That area also lines up with RSI Power Zones, which I use to assess momentum behavior in trending markets. Short term, the path of least resistance appears lower — but if price recovers and closes the January gap, further upside becomes the alternate scenario to respect.
3️⃣ United Community Banks (UCB)
This is a good example of why higher-timeframe context matters.
On the weekly chart, UCB is not at all-time highs. It’s consolidating below the December 2024 high — something you wouldn’t clearly see if you stayed on the daily chart.
Short-term, price has been moving higher, but the broader trend remains unclear. Structurally, I’d rather look for a pullback opportunity as long as price stays above the January 2 low, instead of chasing strength into resistance.
4️⃣ Wells Fargo (WFC)
Wells Fargo is consolidating — and that’s important to recognize.
Price has been moving sideways between two clearly defined levels. Consolidation doesn’t have to be flat; it simply means price is rotating within a range.
If I were actively tracking this stock, I’d draw the boundaries and set alerts, not trades. One alert near the January 2 low, and another near the January 5 high. That way, I don’t have to stare at the chart — price tells me when something meaningful changes.
5️⃣ H.B. Fuller (FUL)
This stock has been in a long-term recovery since April 2025, but it still hasn’t retraced even half of its prior decline from August 2024.
On the weekly chart, the area near 67.62 stands out as major long-term resistance. RSI Power Zones are currently back in Bear Resistance, which suggests larger-picture supply could reassert itself.
On the daily chart, however, there’s room for momentum to continue higher. Being near resistance doesn’t automatically mean “go short.” I’d rather wait for price to top out and then look for a pullback, instead of forcing a trade just because a level exists.
6️⃣ Home BancShares (HOMB)
Home BancShares is in a broad consolidation.
Price has been stuck between the November 2024 high and the June 2024 low for an extended period. On both the weekly and daily charts, it’s mostly moving around the middle of that range.
Earnings could create movement, but structurally, this isn’t a chart I find particularly actionable right now.
That’s my check-in on the stocks reporting Wed Jan 14th. Understanding where support and resistance define supply and demand this way can better help you trade per your methods and with more confidence!
~ Hima
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