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Aerospace & Defense Industry Stocks Technical Analysis - BAArchive
- 11/15/2024 -
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Boeing Company (BA) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the Boeing Company (BA). During the week, the BA dropped -11.70 points, or -7.71%, and closed at 140.00 on Friday, November 15, 2024. It was the worst weekly loss since September 6, 2024. Weekly volume was 79% 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 uptrend had started on March 18, 2020 at 89.00 and reached 278.57 on March 15, 2021. BA gained -189.57 points, or -213%, in 51 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend support (138.95) 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 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 137.20 on November 14, 2024. BA lost 130.34 points, or 48.72%, in 47 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend support line (147.65) is broken, while daily and weekly technical indicators are oversold. Downtrend 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 support in a medium-term trend.
 Weekly Technical Indicators: [See BA weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since August 30, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 October 21, 2024 at 163.44 and reached 137.20 on November 14, 2024. BA lost 26.24 points, or 16.05%, in 24 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 138.84 and resistance is at 149.01. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a short-term trend.
 Daily Technical Indicators: [See BA daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range.
The daily MACD line is below its signal line since November 5, 2024. This is an indication that the short-term trend is down.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Industrials |
10 |
| Industry |
Aerospace & Defense |
24 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
152.80 |
| High Date |
11/07/2024 |
| Low |
137.20 |
| Low Date |
11/14/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Valid |
| Resistance |
149.01 |
| Support |
138.84 |
| High |
163.44 |
| High Date |
10/21/2024 |
| Low |
137.20 |
| Low Date |
11/14/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
196.95 |
| High Date |
07/31/2024 |
| Low |
137.20 |
| Low Date |
11/14/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Broken Support |
| Resistance |
153.76 |
| Support |
147.65 |
| High |
267.54 |
| High Date |
12/21/2023 |
| Low |
137.20 |
| Low Date |
11/14/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Symmetric Triangle |
| Status |
Test Support |
| Resistance |
263.96 |
| Support |
138.95 |
| Low |
89.00 |
| Low Date |
03/18/2020 |
| High |
278.57 |
| High Date |
03/15/2021 |
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