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Boeing Technical Analysis - Boeing Trading: 2022-03-24
Boeing Technical Analysis Summary
Above 193.18
Buy Stop
Below 180.49
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| MA(200) | Sell |
| Fractals | Buy |
| Parabolic SAR | Buy |
Boeing Chart Analysis
Boeing Technical Analysis
The technical analysis of the Boeing stock price chart on daily timeframe shows #S-BA, Daily is testing the resistance line under the 200-day moving average MA(200) which is declining. We believe the bullish momentum will continue after the price breaches above the fractal high at 193.18. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below the fractal low at 180.49. 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 (180.49) without reaching the order (193.18), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Boeing
Boeing stock fell after Chinese Boeing 737-800 crashed. Will the Boeing stock price continue rebounding?
On March 21 a Chinese Boeing 737-800 crashed, the China Eastern Airlines said the cause of the crash was under investigation. China is a vital market for Boeing Company. Boeing is working hard to get its 737 MAX planes certified for flight so that the plane maker could deliver more than 140 MAX jets already built for Chinese customers waiting to be delivered once the jet returns to commercial service there. China Eastern and two of its subsidiaries on Monday grounded its fleet of 225 planes of Boeing 737-800. There are nearly 1,200 Boeing 737-800s in service in China. The crash may delay the certification of Boeing planes which will set back company’s plans for business recovery in China. Boeing's shares closed 3.6% lower on day the Chinese plane crashed, but looks set to recover the loss.
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