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Advanced TA SearchArchive - 7/19/2024 - Sign In to see current Signals. |
Boeing Company (BA) Technical Analysis
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| Summary:
| | Weekly :![Broken trend resistance line](images\bullish.gif) | | Daily :![Daily MACD line has moved below its signal line](images\bearish.gif) ![20 Day Moving Average has crossed above the 50 Day Moving Average](images\bullish.gif) ![The period of low volatility of the stock price](images\alert_signals.gif) Move cursor over the icon to see details.
| | It was the negative week for the Boeing Company (BA). During the week, the BA dropped -2.62 points, or -1.44%, and closed at 179.67 on Friday, July 19, 2024. Weekly volume was -18% 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 135.38 and resistance is at 265.28. 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 159.70 on April 25, 2024. BA lost 107.84 points, or 40.31%, in 18 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (178.55) 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 technical indicators are neutral. The weekly MACD line is above its signal line since May 31, 2024. The distance between MACD and the signal line is low, but getting bigger. 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 July 8, 2024 at 191.50 and reached 177.39 on July 19, 2024. BA lost 14.11 points, or 7.37%, in 11 days. The price is now at the 16.16% retracement level.
Daily Technical Indicators: [See BA daily technical indicators chart] Daily technical indicators are neutral. During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal. The distance between the Bollinger Bands is falling, and it was 7.19% on Friday. It is 53.26% lower than one year average. It indicates the period of low 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. During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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