BOEING CO/THE (BA) Stock Technical Analysis
NYSE:BA - New York Stock Exchange, Inc. - US0970231058 - Common Stock - Currency: USD
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.
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 resistance zone just above the current price starting at 233.07. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 230.68, a Stop Loss order could be placed below this zone.
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136.76
We found 3 important support areas.
- A support zone ranging from 224.26 to 230.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 198.74 to 201.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 138.14 to 140.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 233.07 to 233.89. 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 | 84.61 | POSITIVE | BA has a high relative strength, it outperformed 84.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BA is above the rising 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) | 69.08 | NEUTRAL | The RSI value for BA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests BA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.03 | OVERBOUGHT | The high Stochastics value suggests BA may be overbought. |
| Average True Range in percent/ATR (20) | 2.51 | MEDIUM VOLATILITY | The ATR as a percentage value for BA suggests some volalility. |
| Average Directional Index/ADX (14) | 41.98 | 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 |
|---|---|---|---|
| 233.90 | 225.54 | 8.36 (3.57%) | 25.00% |
| An entry @233.90. This is a Buy Stop order right above the resistance zone. | An exit @225.54. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 8.36 points, which is 3.57%. | For a 0.89% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
233.06
+1.79 (+0.77%)