BA Technical Analysis - BOEING CO/THE

Technical Rating and Analysis

Overall BA gets a technical rating of 7 out of 10. In the last year, BA was one of the better performers, but we do observe some doubts in the very recent evolution.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.

When comparing the yearly performance of all stocks, we notice that BA is one of the better performing stocks in the market, outperforming 82% of all stocks. We also observe that the gains produced by BA over the past year are nicely spread over this period.

BA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BA is lagging the market slightly.

BA has an average volume of 7147040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

BA is part of the Aerospace & Defense industry. There are 69 other stocks in this industry, BA did better than 52% of them.

In the last month BA has a been trading in the 211.43 - 238.33 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although BA has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

138.79

239.76

We found 2 important support areas.

A support zone ranging from 212.08 to 215.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @140.19 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 233.26 to 237.39. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for BA is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for BA is neutral.
ChartMill Relative Strength	82.2	POSITIVE	BA has a high relative strength, it outperformed 82.2% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of BA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of BA is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of BA is above the rising SMA(200).
Relative Strength Index/RSI (14)	49.54	NEUTRAL	The RSI value for BA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.28	NEGATIVE	The MACD value suggests BA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	24.95	NEUTRAL	The Stochastics value for BA is a neutral value.
Average True Range in percent/ATR (20)	2.39	MEDIUM VOLATILITY	The ATR as a percentage value for BA suggests some volalility.
Average Directional Index/ADX (14)	22.9	NEUTRAL	The ADX value for BA suggests a possible start of a new trend.