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Yearly Price vs. Trendline:Broken Resistance
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Trend Line Resistance Trend Line Support Resistance.

Trendline support resistance provides an excellent buy/sell signals in trending market. On an uptrend, buy around the support trend line level and place a stop order below the trend line support. Take profit on the trend line resistance level. Reverse the technique in a downtrend. Short around the resistance trend line level and place a stop order above the trend line resistance.

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- 5/17/2024 -
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Boeing Company (BA) Technical Analysis

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Summary:
Weekly :Stochastic signal line moved above oversold areaBroken trend resistance line
Daily :Broken trend support lineWilliams' Percentage Range is strongly overboughtMACD bearish divergencePrice has crossed above the 50 Day Moving Average
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It was a first positive week for the Boeing Company (BA). During the week, the BA gained 6.44 points, or 3.61%, and closed at 184.95 on Friday, May 17, 2024. Weekly volume was -25% 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 133.60 and resistance is at 265.95. 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 Falling Channel chart pattern. The downtrend resistance line (151.85) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. BA may retest the broken resistance line. It is considered to be a support line now. 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. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic 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. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See BA short-term trend chart]
A short-term uptrend had started on April 25, 2024 at 159.70 and reached 185.38 on May 17, 2024. BA gained -25.68 points, or -16.08%, in 22 days. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (188.73) is broken. A broken support is considered to be a long-term bearish 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 support in a short-term trend.

Daily Technical Indicators: [See BA daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since April 25, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.62
Williams' Percentage Range (W%R) 8.30
Strong Overbought
Lane's Stochastic (%D-Slow) 69.59
Greed/Fear Indicator (GFI) 74.97
Moving Average Converg./Diverg. (MACD) -0.46 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.52
Williams' Percentage Range (W%R) 77.60
Lane's Stochastic (%D-Slow) 29.41
Greed/Fear Indicator (GFI) 32.13
Moving Average Converg./Diverg. (MACD) -8.10
Trading Signals
Description Value Chart
Weekly Trendline Resistance 206.28
Upper Bollinger Band 189.94
Weekly Trendline Support 188.73
Price 184.95
Daily Stochastic Crossing 182.59
50 Day Moving Average 179.48
Parabolic System 176.58
20 Day Moving Average 175.44
Monthly Trendline Resistance 173.84
Weekly Stochastic Crossing 172.62
Lower Bollinger Band 166.25
Monthly Trendline Support 151.85
Sector and Industry
Description Name Rank
Sector Industrials 7
Industry Aerospace & Defense 84
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 175.95
Low Date 05/08/2024
High 185.38
High Date 05/17/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 206.28
Support 188.73
Low 159.70
Low Date 04/25/2024
High 185.38
High Date 05/17/2024
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 173.84
Support 151.85
High 267.54
High Date 12/21/2023
Low 159.70
Low Date 04/25/2024
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 Up
Chart Pattern Symmetric Triangle
Status Valid
Resistance 265.95
Support 133.60
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.