1. Price vs. Moving Averages – “Out of Alignment”
Last trade: $224.12, down 2.45% on the day. Short-term MAs: MA5 $228.18, MA10 $230.95, MA20 $235.41 — price sits below all three. Medium-term MAs: MA30 $238.20, MA50 $233.74 — still under the trend line. Long-term MAs: MA120 $217.98, MA200 $218.61 — price is only ~3% above the 200-day, a classic support zone.
2. Momentum & Oscillators – “Low on Steam”
MACD –3.61 (bearish crossover) KDJ 15.36 (deep oversold) RSI 25.8 (borderline oversold) Bollinger mid-band $235.41 — price is 4.7% beneath the center line, signaling weak momentum.
3. Key Levels – “Line in the Sand”
Immediate support $230.33; break it likely targets the 200-day MA around $218–$219. Resistance $245.83 — a push through could re-ignite bullish momentum6.
4. Pattern & Volume – “Waiting Game”
Recent candles show a bearish engulfing reversal over 30 days and a three outside down pattern, both high-reliability bearish signals. Today’s volume 6.21 M shares is above the 3-month average (7.99 M) but not decisively so; confirmation needs higher volume on any up-move.
5. Historical Context – “Not the First Dip”
Over the last six months, BA has fallen from $252.15 (Jan 23) to $224.12 (Mar 3), a 11% drawdown that mirrors the 2023–24 slump but has not broken the primary up-channel.
Target Price
Bottom-line: I am of the opinion that, consensus still sees Boeing (BA) climbing roughly 10% from today’s $224.12, with the average 12-month price target sitting at $245. That’s a clear vote of confidence that the fundamental outlook remains brighter than the short-term chart might suggest.
Hello Everyone,
I'm Alpcan Kunt. I participated in Bank of America's applied Global Markets Sales and Trading Analyst certificate program. I need a job to be able to practice my profession. Linkedin Profile: https://www.linkedin.com/in/alpcan-kunt-b51a2b168
Contact: alpcankunt8@gmail.com
Kind Regards.
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