The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 1/10/2025 -
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Boeing Company (BA) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is overboughtBroken trend resistance line
Daily :Lane's Stochastic is oversoldThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Boeing Company (BA). During the week, the BA gained 2.10 points, or 1.24%, and closed at 172.00 on Friday, January 10, 2025. Weekly volume was -17% below average.

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 trend support level is at 140.48 and resistance is at 263.39. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern 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 resistance line (131.30) 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 medium-term trend.

Weekly Technical Indicators: [See BA weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 above its signal line since November 29, 2024. The distance between MACD and the signal line is relatively high, but getting smaller. 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 December 26, 2024 at 182.60 and reached 167.40 on January 10, 2025. BA lost 15.20 points, or 8.32%, in 15 days. The price is now at the 30.26% retracement level.

Daily Technical Indicators: [See BA daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic.

The daily MACD line is below its signal line since December 31, 2024. This is an indication that the short-term trend is down.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.71
Williams' Percentage Range (W%R) 61.00
Lane's Stochastic (%D-Slow) 15.89
Oversold
Greed/Fear Indicator (GFI) 34.54
Moving Average Converg./Diverg. (MACD) 4.85
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.69
Williams' Percentage Range (W%R) 24.40
Lane's Stochastic (%D-Slow) 84.54
Overbought
Greed/Fear Indicator (GFI) 72.73
Moving Average Converg./Diverg. (MACD) -6.34
Trading Signals
Description Value Chart
Monthly Trendline Resistance 196.07
Upper Bollinger Band 178.80
Parabolic System 178.13
Weekly Stochastic Crossing 176.79
Monthly Trendline Support 175.17
20 Day Moving Average 173.87
Price 172.00
Daily Stochastic Crossing 169.76
Lower Bollinger Band 162.54
50 Day Moving Average 159.71
Quarterly Trendline Resistance 144.59
Yearly Trendline Support 140.48
Sector and Industry
Description Name Rank
Sector Industrials 6
Industry Aerospace & Defense 19
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 175.00
High Date 01/07/2025
Low 167.40
Low Date 01/10/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 182.60
High Date 12/26/2024
Low 167.40
Low Date 01/10/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 196.07
Support 175.17
Low 137.20
Low Date 11/14/2024
High 182.60
High Date 12/26/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 144.59
Support 131.30
High 267.54
High Date 12/21/2023
Low 137.20
Low Date 11/14/2024
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Valid
Resistance 263.39
Support 140.48
Low 89.00
Low Date 03/18/2020
High 278.57
High Date 03/15/2021
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.