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Boeing Technical Analysis - Boeing Trading: 2022-08-04
Boeing Technical Analysis Summary
Above 171.66
Buy Stop
Below 152.77
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Neutral |
| MA(200) | Sell |
| Fractals | Neutral |
| Parabolic SAR | Buy |
Boeing Chart Analysis
Boeing Technical Analysis
The technical analysis of the Boeing stock price chart on daily timeframe shows #S-BA, Daily is rebounding toward the 200-day moving average MA(200) which is declining itself. We believe the bullish momentum will continue after the price breaches above the fractal high at 171.66. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below the fractal low at 152.77. After placing the order, the stop loss is to be moved every day to the next fractal low, 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 (152.77) without reaching the order (171.66), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Boeing
Boeing stock fell after news Pelosi would visit Taiwan. Will the Boeing stock price reverse its rebounding?
Boeing shares fell 3.4% on Tuesday compared to the 0.7% drop of the SP 500 index after news Pelosi flew to Taipei. Investors are concerned US House of Representatives Speaker’s visit to Taiwan will stoke Sino-US trade tensions. China is an important market for Boeing and Boeing 737 MAX has yet to resume flying for Chinese airlines more than six months after it received regulatory approval there following a safety crisis. Last week Boeing’s CEO said 737 MAX deliveries to China remained blocked by COVID-19 and a "geopolitical overhang" - a reference to trade tensions between the world's two biggest economies. Added uncertainty over crucial plane deliveries to China is bearish for Boeing stock price. However the current setup is bullish for the price.
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