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| Candlesticks Name: | Bearish Deliberation |
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| Number of records: 10 |
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- 5/10/2024 -
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Boeing Company (BA) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the Boeing Company (BA). During the week, the BA gave back -1.28 points, or -0.71%, and closed at 178.51 on Friday, May 10, 2024. Weekly volume was -10% below average.
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 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 133.38 and resistance is at 266.03. 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 price is near the trend resistance line (176.74). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See BA weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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. 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 183.98 on May 6, 2024. BA gained -24.28 points, or -15.20%, in 11 days. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (179.72) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a short-term trend.
 Daily Technical Indicators: [See BA daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. 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.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Industrials |
8 |
| Industry |
Aerospace & Defense |
81 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
175.95 |
| Low Date |
05/08/2024 |
| High |
181.88 |
| High Date |
05/10/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Test Support |
| Resistance |
193.89 |
| Support |
179.72 |
| Low |
159.70 |
| Low Date |
04/25/2024 |
| High |
183.98 |
| High Date |
05/06/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Test Resistance |
| Resistance |
176.74 |
| Support |
154.75 |
| High |
267.54 |
| High Date |
12/21/2023 |
| Low |
159.70 |
| Low Date |
04/25/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
113.02 |
| Low Date |
06/14/2022 |
| High |
267.54 |
| High Date |
12/21/2023 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Symmetric Triangle |
| Status |
Valid |
| Resistance |
266.03 |
| Support |
133.38 |
| Low |
89.00 |
| Low Date |
03/18/2020 |
| High |
278.57 |
| High Date |
03/15/2021 |
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