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Downtrend Broken Resist.Archive - 3/15/2024 - Sign In to see current Signals. |
Boeing Company (BA) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Boeing Company (BA). During the week, the BA dropped -15.96 points, or -8.04%, and closed at 182.53 on Friday, March 15, 2024. It was the worst weekly loss since January 12, 2024. Weekly volume was 90% above average. BA is a member of Industrials Sector. Industrials 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 downtrend had started on March 1, 2019 at 446.01 and reached 89.00 on March 18, 2020. BA lost 357.01 points, or 80.05%, in 54 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (131.73) is broken. A broken support is considered to be a long-term bullish signal. 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 December 21, 2023 at 267.54 and reached 180.52 on March 14, 2024. BA lost 87.02 points, or 32.53%, in 12 weeks. Price is near the trend low. Weekly Technical Indicators: [See BA weekly technical indicators chart] Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help. The weekly MACD line is below its signal line since January 19, 2024. This is an indication that the medium-term trend is down. 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 February 28, 2024 at 208.10 and reached 180.52 on March 14, 2024. BA lost 27.58 points, or 13.25%, in 15 days. The price is now at the 7.29% retracement level. Daily Technical Indicators: [See BA daily technical indicators chart] Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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