Boeing technical analysis summary
Buy Stop։ Above 183.31
Stop Loss: Below 174.45
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Neutral |
| MA(200) | Sell |
| Fractals | Buy |
| Parabolic SAR | Buy |
Boeing chart analysis
The technical analysis of the Boeing stock price chart on 4-hour timeframe shows #S-BA,H4 is rebounding toward the 200-period moving average MA(200) after hitting one-month low two days ago. We believe the bullish momentum will continue after the price breaches above the upper boundary of Donchian channel at 183.31. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below the lower boundary of Donchian channel at 174.45. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (229.48) without reaching the order (192.42), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental analysis of stocks - Boeing
Boeing reported it removed over 100 plane orders from its backlog list as doesn’t expect them to be delivered. Will the Boeing stock price continue retreating?
The Boeing Company said it moved orders for 141 of its airplanes 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. At the same time Boeing reported plane deliveries nearly doubled in March – to 41 from the 22 it delivered in February, and up from 29 a year ago. It cited rebounding travel and cargo demand. Boeing said year-to-date deliveries stood at 95 aircraft. For the first three months of the year Boeing's orders, net of canceled orders or swapped models, rose to 145 from 107. Rebounding demand for aircrafts is an upside risk for Boeing stock.
Want to get more free analytics? Open Demo Account now to get daily news and analytical materials.
This overview has an informative character and is not financial advice or a recommendation. IFCMarkets. Corp. under any circumstances is not liable for any action taken by someone else after reading this article.
Recommended content
Editors’ Picks
AUD/USD remains vulnerable near 26-month low amid bullish USD
AUD/USD holds steady above the 0.6200 mark on Friday, though it remains close to its lowest level since October 2022 touched the previous day. The USD hovers near a two-year top on the back of the Fed's hawkish signal and a weaker risk tone. Furthermore, the RBA's dovish shift, concerns about China's economic recovery and trade war fears undermine the Aussie.
USD/JPY advances to a five-week high, around 158.00 neighborhood
USD/JPY hit a five-month top on Friday in the wake of the Fed's hawkish outlook and the BoJ's decision to keep interest rates steady. Bulls largely shrugged off data showing that Japan's National CPI rose in November, which bodes well for an additional interest rate hike by the BoJ.
Gold price oscillates in a range below $2,600 amid mixed cues
Gold price consolidates below the $2,600 mark following the previous day's good two-way price move and remains close to over a one-month low. The Fed signaled a cautious path of policy easing next year, which remains supportive of elevated US bond yields and assists the USD in standing firm near a two-year high.
Bitcoin's trajectory shows similarities with previous cycles as long-term holders book profits of $2.1 billion
Glassnode's Week on Chain report revealed the similarities between the current Bitcoin uptrend and previous cycles amid changing market conditions. Meanwhile, long-term investors began distributing their tokens at the $100K level, culminating in a new all-time high of $2.1 billion in realized profits.
Bank of England stays on hold, but a dovish front is building
Bank of England rates were maintained at 4.75% today, in line with expectations. However, the 6-3 vote split sent a moderately dovish signal to markets, prompting some dovish repricing and a weaker pound. We remain more dovish than market pricing for 2025.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.