The Greedy Trader Weekly Analysis
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Daily W%R:< 30
Number of records: 10
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Williams' Percentage Range (W%R)

Williams' %R is an effective momentum indicator that measures overbought/oversold levels. Like other indicators, W%R ranges between 0% and 100% , but in opposite to the other indicators, the 0% indicating overbought and 100% - the oversold stocks. W%R measures the closing price in relation to the recent low/high range. A bullish signal is generated when the W%R has reached 100, five time bars have elapsed, and the W%R has subsequently fallen to 95. A reverse signal is considered as bearish. For the sake of simplicity, the W%R closed above 10% is considered bearish and below 90% - bullish. In trending markets, the W%R stays at one end of the scale and gives false signals to trade against the trend. That is why W%R is not considered a stand-along technique, and it is essential to use it with some sort of trend formation indicators. The divergence between price and W%R rarely occurs and presents an important buy/sell signal. As our research shows, the W%R move to upper or lower bounds can be used as an earliest signal of an impending reversal. Using the Williams %R bullish divergence/bearish divergence, chart patterns, trendlines, support, and resistance lines along with the W%R chart can be very useful.

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- 4/5/2024 -
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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 oversold
Daily :Broken trend support lineThe price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Boeing Company (BA). During the week, the BA dropped -9.85 points, or -5.10%, and closed at 183.14 on Friday, April 5, 2024. Weekly volume was -19% below 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 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 (132.32) 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 177.52 on March 18, 2024. BA lost 90.02 points, or 33.65%, in 12 weeks. The price is now at the 6.24% retracement level.

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. 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 uptrend had started on March 18, 2024 at 177.52 and reached 196.18 on March 25, 2024. BA gained -18.66 points, or -10.51%, in 7 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (197.65) 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 technical indicators are neutral.

The daily MACD line is above its signal line since March 21, 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 fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below 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) 50.91
Williams' Percentage Range (W%R) 74.70
Lane's Stochastic (%D-Slow) 25.97
Greed/Fear Indicator (GFI) 34.05
Moving Average Converg./Diverg. (MACD) -4.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 13.52
Oversold
Williams' Percentage Range (W%R) 92.60
Strong Oversold
Lane's Stochastic (%D-Slow) 15.68
Oversold
Greed/Fear Indicator (GFI) 20.41
Moving Average Converg./Diverg. (MACD) -1.93
Trading Signals
Description Value Chart
Upper Bollinger Band 199.00
Weekly Trendline Support 197.65
50 Day Moving Average 197.60
Parabolic System 195.03
Weekly Trendline Resistance 188.71
20 Day Moving Average 186.96
Daily Stochastic Crossing 184.30
Weekly Stochastic Crossing 183.88
Price 183.14
Lower Bollinger Band 179.90
Sector and Industry
Description Name Rank
Sector Industrials 9
Industry Aerospace & Defense 70
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 196.18
High Date 03/25/2024
Low 182.44
Low Date 04/05/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 188.71
Support 197.65
Low 177.52
Low Date 03/18/2024
High 196.18
High Date 03/25/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 267.54
High Date 12/21/2023
Low 177.52
Low Date 03/18/2024
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 27.25
Support 132.32
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.