BCO Technical Analysis - BOEING CO/THE

Technical Rating and Analysis

We assign a technical rating of 6 out of 10 to BCO. In the last year, BCO was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.

In the last month BCO has a been trading in the 191.40 - 204.40 range, which is quite wide. It is currently trading near the lows of this range.

Warning: BCO has an average volume of 5144 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

When comparing the yearly performance of all stocks, we notice that BCO is one of the better performing stocks in the market, outperforming 85% of all stocks. We also observe that the gains produced by BCO over the past year are nicely spread over this period.

BCO 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 BCO is lagging the market slightly.

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.

BCO is part of the Aerospace & Defense industry. There are 41 other stocks in this industry, BCO did better than 44% of them.

Considerably lower volume is observed 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

BCO has an average technical rating and it also 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

168.49

204.64

We found 1 important support area.

Support @170.19 from a horizontal line in the daily time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 190.70 to 197.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 201.10 to 202.61. 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 BCO.DE is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for BCO.DE is down.
ChartMill Relative Strength	85.15	POSITIVE	BCO.DE has a high relative strength, it outperformed 85.15% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of BCO.DE is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of BCO.DE is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of BCO.DE is above the rising SMA(200).
Relative Strength Index/RSI (14)	45.22	NEUTRAL	The RSI value for BCO.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.9	NEGATIVE	The MACD value suggests BCO.DE has a negative trend.
Stochastics (14,3)	13.84	OVERSOLD	The low Stochastics value suggests BCO.DE may be oversold.
Average True Range in percent/ATR (20)	2.2	MEDIUM VOLATILITY	The ATR as a percentage value for BCO.DE suggests some volalility.
Average Directional Index/ADX (14)	18.78	NEGATIVE	The low ADX value for BCO.DE suggests a weak or negative trend.