BOEING CO/THE (BA) Stock Technical Analysis
NYSE:BA • US0970231058
Taking everything into account, BA scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BA is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that BA is one of the better performing stocks in the market, outperforming 86% of all stocks.
- BA is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month BA has a been trading in the 228.96 - 254.35 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- BA has an average volume of 7689500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- BA is an average performer in the Aerospace & Defense industry, it outperforms 48% of 73 stocks in the same industry.
Besides having an excellent technical rating, BA also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 233.71, 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
When analyzing the support we can see 2 important areas.
- A support zone ranging from 228.97 to 233.71. 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.
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 | UP | POSITIVE | The short term trend for BA is up. |
| ChartMill Relative Strength | 86.86 | POSITIVE | BA has a high relative strength, it outperformed 86.86% 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) | 51.97 | NEUTRAL | The RSI value for BA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.88 | NEGATIVE | The MACD value suggests BA has a negative trend. |
| Stochastics (14,3) | 62.56 | NEUTRAL | The Stochastics value for BA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.16 | MEDIUM VOLATILITY | The ATR as a percentage value for BA suggests some volalility. |
| Average Directional Index/ADX (14) | 29.47 | 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 |
|---|---|---|---|
| 240.49 | 229.90 | 10.59 (4.40%) | 22.72% |
| An entry @240.49. This is a Buy Stop order right above the 10 day moving average. | An exit @229.90. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 10.59 points, which is 4.40%. | When investing 22.72% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
238.93
-5.11 (-2.09%)
BOEING CO/THE / BA FAQ
What is the ChartMill technical rating of BOEING CO/THE (BA) stock?
ChartMill assigns a technical rating of 9 / 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 51.9704. 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 buy as both the short term and long term trends are positive.
What is the support and resistance level for BA stock?
BOEING CO/THE (BA) has a support level at 233.71 and a resistance level at 252.16. Check the full technical report for our detailed analysis of BA support and resistance levels.