Boeing

Analysis

Analysis - 11 months agoBearish

Technical Analysis – Boeing stock finds support at 50-day SMA after gap down

Boeing shares plunge after mid-air blowout incident But negative momentum may already be waning Can the stock stage a rebound? Boeing stock tumbled by 8% on Monday on worries about how the business might be hit from the blowout of a window in a Boeing plane in mid-flight. The stock had already gone into correction at the end of December, slipping below its 20-day simple moving average (SMA).

Analysis - 1 year agoBullish

Boeing has managed to record a new 2023 high, just above the February 14, 2023 high of 221.01. The most recent move appears to be a product of both the convergence of the 50- and 100-day simple moving averages (SMAs) and the symmetrical triangle, which has formed over the past three months. Actually, the stock is on an aggressive bullish long-term trend and it is currently 85% higher than the October 3, 2022 low of 120.59. Disappointingly for the bulls, the Average Directional Movement Index

Analysis - 2 years agoNeutral

Technical Analysis – A Boeing breakout is potentially around the corner

Boeing is edging lower today as the market seems to be settling inside a symmetrical triangle. This is a very common pattern in technical analysis with a rather low market performance when confirmed. However, theory states that usually the breakout follows the underlying medium-term trend, which in our case is bullish and has been since the double-bottom pattern formed during 2022. This range-trending is clearly depicted by the momentum indicators.

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