Boeing Company (BA)
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|It was the negative week for the Boeing Company (BA). During the week, the BA dropped -10.82 points, or -6.33%, and closed at 160.23 on Friday, September 11, 2020. It was the worst weekly loss since July 31, 2020. Weekly volume was -25% 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 price is now at the 19.95% retracement level.
Medium-term trend: [See BA medium-term trend chart]
A medium-term uptrend had started on March 18, 2020 at 89.00 and reached 234.20 on June 8, 2020. BA gained -145.20 points, or -163.15%, in 11 weeks. The price is now at the 50.94% retracement level.
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 29, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 August 27, 2020 at 181.31 and reached 156.32 on September 11, 2020. BA lost 24.99 points, or 13.78%, in 15 days. The price is now at the 15.65% retracement level.
Daily Technical Indicators: [See BA daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily 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 and Williams' Percentage Range help.
The daily MACD line is below its signal line since September 2, 2020. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
The distance between the Bollinger Bands is falling, and it was 14.4% on Friday. It is 56.07% 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.