BOEING CO/THE (BA) Stock Technical Analysis
NYSE:BA • US0970231058
Taking everything into account, BA scores 8 out of 10 in our technical rating. In the last year, BA was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month BA has a been trading in the 228.96 - 254.35 range, which is quite wide. It is currently trading near the lows of this range.
- 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 84% of all stocks.
- 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 7601650 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 74 other stocks in this industry, BA did better than 43% of them.
Besides having an excellent technical rating, BA also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 232.02, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
194.71
We found 2 important support areas.
- A support zone ranging from 229.78 to 232.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @196.68 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 252.16 to 252.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 84.43 | POSITIVE | BA has a high relative strength, it outperformed 84.43% 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) | UP | POSITIVE | The current price of BA is above the rising 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) | 43.9 | NEUTRAL | The RSI value for BA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.62 | NEGATIVE | The MACD value suggests BA has a negative trend. |
| Stochastics (14,3) | 31.38 | NEUTRAL | The Stochastics value for BA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.26 | MEDIUM VOLATILITY | The ATR as a percentage value for BA suggests some volalility. |
| Average Directional Index/ADX (14) | 26.32 | POSITIVE | The high ADX value value for BA suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 239.77 | 231.13 | 8.64 (3.60%) | 25.00% |
| An entry @239.77. This is a Buy Stop order right above the 10 day moving average. | An exit @231.13. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 8.64 points, which is 3.60%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.90%. |
- The distance between exit and entry is rather small compared to the average daily movement of BA. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
232.03
-1.68 (-0.72%)
BOEING CO/THE / BA FAQ
What is the ChartMill technical rating of BOEING CO/THE (BA) stock?
ChartMill assigns a technical rating of 8 / 10 to BA.
What is the trend direction for BA stock?
The current trend direction for BOEING CO/THE (BA) is Bullish.
Can you provide the RSI signal for BOEING CO/THE?
BOEING CO/THE (BA) has an RSI value of 43.9006. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for BOEING CO/THE?
BOEING CO/THE (BA) has a support level at 232.02 and a resistance level at 252.16. Check the full technical report for our detailed analysis of BA support and resistance levels.