Will the price of Boeing (BA stock) continue to decline?

Boeing Technical Analysis Summary

Buy Stop Above 183.31.

Stop Loss: Below 174.45.

Indicator Signal
IRS Neutral
MACD To buy
Donchian Channel Neutral
MA(200) To sell
Fractals To buy
Parabolic SAR To buy

Boeing map analysis

Technical analysis of the 4-hourly timeframe Boeing stock price chart shows that #S-BA,H4 is bouncing back towards the 200-period MA (200) after hitting the 1-month low it two days ago. We believe the bullish momentum will continue after price breaks above the upper boundary of the Donchian Channel at 183.31. This level can be used as an entry point to place a pending buy order. The stop loss can be placed below the lower boundary of the Donchian Channel at 174.45. After placing the order, the stop loss should be moved daily to the next fractal low, following the signals from the parabolic indicator. Thus, we modify the expected profit/loss ratio to the break-even point. If the price reaches the stop loss level (229.48) without reaching the order (192.42), we recommend to cancel the order: the market has undergone internal changes which have not been taken into account.

Fundamental Equity Analysis – Boeing

Boeing said it has removed more than 100 plane orders from its order list because it does not expect them to be delivered. Will Boeing’s stock price continue to decline?

The Boeing Company said it had moved orders for 141 of its planes into accounting limbo due to the war in Ukraine, meaning it no longer expects the jets to be delivered. The orders were mainly for Russian carriers. Expectations of lower production are bearish for a company’s stock price. Meanwhile, Boeing said aircraft deliveries nearly doubled in March – to 41 from 22 delivered in February, and from 29 a year ago. He cited the rebound in travel and freight demand. Boeing said year-to-date deliveries totaled 95 aircraft. For the first three months of the year, Boeing’s orders, net of canceled orders or traded-in models, fell from 107 to 145. The rebound in demand for planes is an upside risk for Boeing stock. .

Want to get more free scans? Open a demo account now to get daily news and analytical materials.

Karen J. Nelson