The Greedy Trader Weekly Analysis
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Number of records: 8
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Boeing Company
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Summary:
Weekly :Overbought sectorBroken trend resistance lineLane's Stochastic is oversoldTrend support at 401.31
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARWilliams' Percentage Range and Lane's Stochastic are oversold
Move cursor over the icon to see details.

It was the negative week for the Boeing Company (BA). During the week, the BA dropped -21.79 points, or -5.79%, and closed at 354.67 on Friday, May 10, 2019. It was the worst weekly loss since March 15, 2019. Weekly volume was 32% above average.

BA is a member of Industrial Goods Sector. Industrial Goods is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See BA long-term trend chart]
A long-term uptrend had started on March 3, 2009 at 29.05 and reached 446.01 on March 1, 2019. BA gained -416.96 points, or -1435.32%, in 521 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (134.95) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See BA medium-term trend chart]
A medium-term uptrend had started on December 26, 2018 at 292.47 and reached 446.01 on March 1, 2019. BA gained -153.54 points, or -52.50%, in 9 weeks. The chart has formed a Falling Pennant chart pattern. The price is near the trend support (401.31) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See BA weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since April 5, 2019. Use the following link to access a MACD help.

Short-term trend: [See BA short-term trend chart]
A short-term downtrend had started on April 5, 2019 at 398.66 and reached 347.47 on May 9, 2019. BA lost 51.19 points, or 12.84%, in 34 days. The price is now at the 14.07% retracement level.

Daily Technical Indicators: [See BA daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 27.47
Williams' Percentage Range (W%R) 88.40
Oversold
Lane's Stochastic (%D-Slow) 19.34
Oversold
Greed/Fear Indicator (GFI) 19.48
Oversold
Moving Average Converg./Diverg. (MACD) -4.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.85
Williams' Percentage Range (W%R) 61.30
Lane's Stochastic (%D-Slow) 16.21
Oversold
Greed/Fear Indicator (GFI) 31.91
Moving Average Converg./Diverg. (MACD) 9.79
Trading Signals
Description Value Chart
Monthly Trendline Support 401.31
Upper Bollinger Band 388.86
50 Day Moving Average 382.10
Parabolic System 377.20
20 Day Moving Average 373.29
Weekly Stochastic Crossing 355.94
Price 354.67
Lower Bollinger Band 353.37
Monthly Trendline Resistance 353.20
Daily Stochastic Crossing 353.06
Sector and Industry
Description Name Rank
Sector Industrial Goods 10
Industry Aerospace/Defense-Maj Dvd 68
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 398.66
High Date 04/05/2019
Low 347.47
Low Date 05/09/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 446.01
High Date 03/01/2019
Low 347.47
Low Date 05/09/2019
Description Value
Direction Up
Chart Pattern Falling Pennant
Status Test Support
Resistance 353.20
Support 401.31
Low 292.47
Low Date 12/26/2018
High 446.01
High Date 03/01/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 102.10
Low Date 02/11/2016
High 446.01
High Date 03/01/2019
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 239.19
Support 134.95
Low 29.05
Low Date 03/03/2009
High 446.01
High Date 03/01/2019
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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