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Boeing Technical Analysis - Boeing Trading: 2022-05-20
Boeing Technical Analysis Summary
Below 120.19
Sell Stop
Above 132.72
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| MA(200) | Sell |
| Fractals | Sell |
| Parabolic SAR | Sell |
Boeing Chart Analysis
Boeing Technical Analysis
The technical analysis of the Boeing stock price chart on daily timeframe shows #S-BA, Daily is retreating under the 200-day moving average MA(200) which is declining itself. We believe the bearish momentum will continue after the price breaches below the fractal low at 120.19. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above the fractal high at 132.72. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (132.79) without reaching the order (120.19), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Boeing
Boeing stock rose after news of 100 aircraft order by International Consolidated Airlines. Will the Boeing stock price continue rebounding?
There were reports yesterday British Airways parent International Consolidated Airlines ordered 50 Boeing 737 MAX jets, with options for a further 100 aircraft. While IAG said the jets come at substantial discount from the list price, discounts from list are standard operating practice in the commercial aerospace industry. The 50 planes will be delivered between 2023 and 2027 and can be used by any airline within the group for fleet replacement, according to IAG. The order includes options for another 100 planes to be available between 2025 and 2028. The list price is planes is $120 million and $130 million. Boeing has booked about 1,000 orders for new MAX jets since the plane was recertified in November 2020. New plane orders mean higher expected revenue for the plane maker and are bullish for BA stock price. The price actually closed up 1.29% over day after the news. However the current setup is bearish for BA stock.
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