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 :Broken trend resistance line
Daily :Bearish Advance Block CandlestickStochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger BandsThe period of high volatility of the stock price
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It was a first positive week for the Boeing Company (BA). During the week, the BA gained 34.44 points, or 11.03%, and closed at 346.76 on Friday, November 30, 2018. Weekly volume was 7% 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 (130.70) 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 downtrend had started on October 3, 2018 at 394.28 and reached 296.61 on November 20, 2018. BA lost 97.67 points, or 24.77%, in 6 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 282.60 and resistance is at 361.83. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See BA weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since October 19, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 November 20, 2018 at 296.61 and reached 347.58 on November 30, 2018. BA gained -50.97 points, or -17.18%, in 10 days. Price is near the trend high.

Daily Technical Indicators: [See BA daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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.

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

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is 107.13% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Candlestick pattern: [See BA candlestick chart pattern]
On Friday the chart has formed a Bearish Advance Block Candlestick pattern. This pattern occurs in an uptrend; it is not a top reversal pattern, but it might precede a meaningful price decline. The reliability of the Bearish Advance Block pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Advance Block Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.66
Williams' Percentage Range (W%R) 41.20
Lane's Stochastic (%D-Slow) 67.65
Greed/Fear Indicator (GFI) 54.70
Moving Average Converg./Diverg. (MACD) -8.77
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.31
Williams' Percentage Range (W%R) 53.60
Lane's Stochastic (%D-Slow) 35.66
Greed/Fear Indicator (GFI) 43.80
Moving Average Converg./Diverg. (MACD) 7.08
Trading Signals
Description Value Chart
Upper Bollinger Band 379.32
Monthly Trendline Resistance 361.83
50 Day Moving Average 357.08
Price 346.76
20 Day Moving Average 342.63
Daily Stochastic Crossing 335.46
Weekly Stochastic Crossing 330.97
Parabolic System 301.15
Lower Bollinger Band 299.86
Monthly Trendline Support 282.60
Sector and Industry
Description Name Rank
Sector Industrial Goods 5
Industry Aerospace/Defense-Maj Dvd 51
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 296.61
Low Date 11/20/2018
High 347.58
High Date 11/30/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 373.70
High Date 11/08/2018
Low 296.61
Low Date 11/20/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 361.83
Support 282.60
High 394.28
High Date 10/03/2018
Low 296.61
Low Date 11/20/2018
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 231.10
Support 130.70
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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