BOEING CO/THE (BA) Stock Technical Analysis
NYSE:BA • US0970231058
We assign a technical rating of 7 out of 10 to BA. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month BA has a been trading in the 227.46 - 247.86 range, which is quite wide. It is currently trading near the lows of this range.
- 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.
- 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 7242690 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- BA is part of the Aerospace & Defense industry. There are 74 other stocks in this industry, BA did better than 46% of them.
BA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 230.35, a Stop Loss order could be placed below this zone.
More info and screens
196.01
2 important support areas can be observed.
- A support zone ranging from 229.86 to 230.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @197.99 from a trend line in the weekly time frame.
We found 1 important resistance 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 | DOWN | NEGATIVE | The short term trend for BA is down. |
| ChartMill Relative Strength | 82.71 | POSITIVE | BA has a high relative strength, it outperformed 82.71% 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 | MIXED | The current price of BA is below 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) | 42.93 | NEUTRAL | The RSI value for BA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.81 | NEGATIVE | The MACD value suggests BA has a negative trend. |
| Stochastics (14,3) | 19.32 | OVERSOLD | The low Stochastics value suggests BA may be oversold. |
| Average True Range in percent/ATR (20) | 3.15 | MEDIUM VOLATILITY | The ATR as a percentage value for BA suggests some volalility. |
| Average Directional Index/ADX (14) | 23.63 | NEUTRAL | The ADX value for BA suggests a possible start of a new 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 |
|---|---|---|---|
| 236.16 | 229.85 | 6.31 (2.67%) | 25.00% |
| An entry @236.16. This is a Buy Stop order right above the 10 day moving average. | An exit @229.85. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 6.31 points, which is 2.67%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.67%. |
- 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.
230.36
-3.03 (-1.3%)
BOEING CO/THE / BA FAQ
What is the ChartMill technical rating of BOEING CO/THE (BA) stock?
ChartMill assigns a technical rating of 7 / 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 42.9316. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for BOEING CO/THE?
The buy/sell signal for BOEING CO/THE (BA) is hold as the short term and long term trends are mixed.
What is the support and resistance level for BA stock?
BOEING CO/THE (BA) has a support level at 230.35 and a resistance level at 252.16. Check the full technical report for our detailed analysis of BA support and resistance levels.