The Greedy Trader Weekly Analysis
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Archive
- 2/1/2019
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Boeing Company
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtWeekly  MACD line has moved above its signal lineBroken trend resistance line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergence
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It was a first positive week for the Boeing Company (BA). During the week, the BA gained 23.23 points, or 6.38%, and closed at 387.43 on Friday, February 1, 2019. Weekly volume was 47% above average.

Long-term trend: [See BA long-term trend chart]
A long-term uptrend had started on March 3, 2009 at 29.05 and reached 394.28 on October 3, 2018. BA gained -365.23 points, or -1257.25%, in 500 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (132.30) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 downtrend had started on October 3, 2018 at 394.28 and reached 292.47 on December 26, 2018. BA lost 101.81 points, or 25.82%, in 12 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (274.85) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. BA may retest the broken resistance line. It is considered to be a support line now. 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 medium-term trend.

Weekly Technical Indicators: [See BA weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 Williams' Percentage Range help.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.

Short-term trend: [See BA short-term trend chart]
A short-term uptrend had started on December 26, 2018 at 292.47 and reached 392.80 on February 1, 2019. BA gained -100.33 points, or -34.30%, in 37 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 380.13 and resistance is at 397.19. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

Daily Technical Indicators: [See BA daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since December 27, 2018. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.32
Bearish
Williams' Percentage Range (W%R) 8.70
Strong Overbought
Lane's Stochastic (%D-Slow) 84.01
Overbought Bearish
Greed/Fear Indicator (GFI) 84.54
Overbought
Moving Average Converg./Diverg. (MACD) 10.03 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.10
Williams' Percentage Range (W%R) 8.00
Strong Overbought
Lane's Stochastic (%D-Slow) 69.53
Greed/Fear Indicator (GFI) 71.83
Moving Average Converg./Diverg. (MACD) -0.86
Trading Signals
Description Value Chart
Weekly Trendline Resistance 397.19
Upper Bollinger Band 391.07
Price 387.43
Daily Stochastic Crossing 387.18
Weekly Trendline Support 380.13
Weekly Stochastic Crossing 371.74
Parabolic System 361.85
20 Day Moving Average 357.56
50 Day Moving Average 336.67
Lower Bollinger Band 326.55
Monthly Trendline Resistance 323.81
Sector and Industry
Description Name Rank
Sector Industrial Goods 7
Industry Aerospace/Defense-Maj Dvd 86
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 353.67
Low Date 01/23/2019
High 392.80
High Date 02/01/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 397.19
Support 380.13
Low 292.47
Low Date 12/26/2018
High 392.80
High Date 02/01/2019
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 323.81
Support 274.85
High 394.28
High Date 10/03/2018
Low 292.47
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 102.10
Low Date 02/11/2016
High 394.28
High Date 10/03/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 234.15
Support 132.30
Low 29.05
Low Date 03/03/2009
High 394.28
High Date 10/03/2018
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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