The Greedy Trader Weekly Analysis
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Candlesticks Name: Bullish Doji
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- 4/19/2024 -
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Boeing Company (BA) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance lineRelative Strength Index and Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldRelative Strength Index and Lane's Stochastic bullish divergence
Daily :Relative Strength Index and Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldStochastic has raised above the signal line
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It was a first positive week for the Boeing Company (BA). During the week, the BA climbed 0.27 points, or 0.16%, and closed at 169.82 on Friday, April 19, 2024. BA was trading at average weekly trading volume.

BA is a member of Industrials Sector. Industrials is the second 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 (132.75) 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 167.53 on April 15, 2024. BA lost 100.01 points, or 37.38%, in 16 weeks. Price is near the trend low.

Weekly Technical Indicators: [See BA weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index and Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. Weekly Relative Strength Index and Lane's Stochastic have bullish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and 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, Relative Strength Index 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 March 25, 2024 at 196.18 and reached 167.53 on April 15, 2024. BA lost 28.65 points, or 14.60%, in 21 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 161.60 and resistance is at 179.38. 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 short-term trend.

Daily Technical Indicators: [See BA daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Lane's Stochastic or strongly oversold daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.

The daily MACD line is below its signal line since April 8, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 10.92
Oversold
Williams' Percentage Range (W%R) 91.40
Strong Oversold
Lane's Stochastic (%D-Slow) 12.48
Oversold
Greed/Fear Indicator (GFI) 10.67
Oversold
Moving Average Converg./Diverg. (MACD) -5.91
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 18.97
Oversold Bullish
Williams' Percentage Range (W%R) 97.50
Strong Oversold
Lane's Stochastic (%D-Slow) 15.95
Oversold Bullish
Greed/Fear Indicator (GFI) 17.86
Oversold
Moving Average Converg./Diverg. (MACD) -4.24
Trading Signals
Description Value Chart
Upper Bollinger Band 195.86
50 Day Moving Average 190.71
20 Day Moving Average 180.37
Weekly Trendline Resistance 179.38
Weekly Stochastic Crossing 174.21
Parabolic System 172.64
Price 169.82
Daily Stochastic Crossing 169.14
Weekly Trendline Support 161.60
Lower Bollinger Band 161.29
Sector and Industry
Description Name Rank
Sector Industrials 8
Industry Aerospace & Defense 80
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 167.53
Low Date 04/15/2024
High 172.04
High Date 04/18/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 179.38
Support 161.60
High 196.18
High Date 03/25/2024
Low 167.53
Low Date 04/15/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 267.54
High Date 12/21/2023
Low 167.53
Low Date 04/15/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 113.02
Low Date 06/14/2022
High 267.54
High Date 12/21/2023
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 23.98
Support 132.75
High 446.01
High Date 03/01/2019
Low 89.00
Low Date 03/18/2020
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.