Technical Analysis – Boeing’s stock enters bullish territory; neutral in medium term

Posted on November 18, 2020 at 12:23 pm GMT

Boeing’s stock price cheered on the back of encouraging vaccine news, jumping above the 200-day simple moving average (SMA) and the 200 level for the first time since June. The upside correction, however, was not strong enough to overcome June’s high of 233.86, keeping the stock within a neutral zone in the medium-term window. Still, the ascending MACD and the rising RSI, which has yet to reach a peak within the overbought territory, suggest that there is scope for more improvement in [..]


Technical Analysis – Boeing stock testing crucial support region

Posted on September 23, 2020 at 1:42 pm GMT

Boeing’s shares have been grinding lower since June, albeit in a slow and controlled manner. The short-term price structure looks cautiously negative, as the stock has been printing lower highs and is trading beneath its 50- and 200-period simple moving averages (SMAs) on the four-hour chart, which seem ready to post a ‘death cross’. The silver lining is that there hasn’t been a lower low, as the 153.0 support zone has held strong so far. Short-term oscillators reflect this mildly [..]


Earnings season: The good, the bad, and the very ugly – Special Report

Posted on April 14, 2020 at 3:50 pm GMT

This earnings season will be pivotal. With so little post-virus economic data so far, the real-time guidance by corporate executives could be invaluable. In a nutshell, while earnings and guidance will probably be gloomy overall, there might be huge contrasts between sectors. Industries like travel and energy will likely be decimated, whereas online retailers and home entertainment companies might have made a killing. All told, while significant downside risks remain for the market overall, some ‘value plays’ are also arising. [..]


Technical Analysis – Boeing stock faces worst decline in history; eyes crucial support area

Posted on March 17, 2020 at 10:59 am GMT

Boeing’s stock price has faced its worst decline in history in the past three weeks. Besides the virus critical situation, the airplane designer was lately downgraded by the S&P rating agency, with its stock plunging to a fresh 3 ½ -year low of 127.90 on Monday. With technical indicators framing a bearish picture for the short-term as all simple moving averages are slipping downwards at a time the RSI and the MACD show no sign of improvement, traders are now eagerly waiting to see [..]


Technical Analysis – Boeing stock rebounds near one-year low but bullish signals still missing

Posted on January 27, 2020 at 3:42 pm GMT

While other US stocks keep enjoying record highs, Boeing remains on the sidelines since the sharp sell-off from the 445.08 peak on March 2019. The bears have recently tried to touch the 2018 trough of 292.13 without success, with the price rebounding just a shy of the 300.00 level instead. In the coming sessions the stock could follow a sideways move if the RSI keeps moving towards its 50 neutral mark and the MACD continues to improve towards its red signal line. [..]


Daily Market Comment – Markets steady as trade and Brexit headlines hit pause; ECB coming up

Posted on October 24, 2019 at 8:27 am GMT

Major pairs move sideways amid lack of fresh developments on the trade and Brexit fronts Speech by US Vice President on China eyed for clues on trade talks Stocks edge up despite mixed earnings ECB to kick off busy seven days for central banks Calm in FX markets but risks lurk Major pairs were trading within their recent ranges on Thursday as markets were offered a rare respite from Brexit and trade war headlines. The pound was marginally lower at [..]


Technical Analysis – Boeing stock flirts with 23.6% Fibonacci after rebounding near lows

Posted on October 23, 2019 at 3:27 pm GMT

Boeing stock buyers reversed the price back up to 349, which is the 23.6% Fibonacci retracement of the down leg from 445.08 to 319.34 to limit further losses. The MACD and the 20-day simple moving average (SMA) are skewed towards a short-term bearish picture. Yet, the RSI and the stochastics reflect strengthening positive momentum, with the RSI rising out of the oversold zone, while the %K has moved above 20 by completing a bullish cross of its red %D line. If [..]


Technical Analysis – Boeing stock tests key support near 2-month lows

Posted on March 14, 2019 at 1:23 pm GMT

Boeing saw its stock price opening with a gap down on Monday, near one-month lows, and its 20-period moving average in the four-hour chart slipping below the 50-period MA after four months. The latter could be an indication that the market may potentially extend the downtrend started from the record high of 445.08 earlier this month. Yet with the market currently testing a crucial resistance-turned-support level around the 50% Fibonacci of the upleg from 292.13 to 445.08 and the RSI [..]


Technical analysis – Boeing stock breaks all-time high, uncharted waters ahead

Posted on February 6, 2019 at 2:32 pm GMT

Boeing’s stock touched a fresh all-time high of 410.5 on February 5, shifting the medium-term picture back to positive, from neutral earlier. The fact that price action is taking place firmly above both the 50- and 200-day simple moving averages (SMAs) amplifies this view. Looking at short-term momentum oscillators, both the RSI and MACD are painting a clearly positive picture. However, the fact that the RSI lies in overbought territory suggests some cause for caution in the immediate term. More [..]


European Open Preview – RBA chief jawbones aussie lower; pound slides

Posted on February 6, 2019 at 8:52 am GMT

Aussie plummets as RBA Governor changes tune, puts rate cut on table Pound dives after weak services PMI reinforces speculation for dovish BoE US stock markets cruise to fresh two-month highs RBA Governor reacquaints aussie with gravity The Australian dollar is in freefall early on Wednesday, losing more than a cent against its US counterpart, following some cautious-sounding remarks from RBA Governor Philip Lowe earlier. He backpedaled on some of the Bank’s prior rhetoric that the next move in interest [..]

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