Boeing Stock Forecast
Red day on Tuesday for Boeing
(Updated on Jul 02, 2024)
The Boeing stock price fell by -0.686% on the last day (Tuesday, 2nd Jul 2024) from $186.70 to $185.42. During the last trading day the stock fluctuated 2.55% from a day low at $184.52 to a day high of $189.23. The price has risen in 6 of the last 10 days and is up by 3.94% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -5 million shares and in total, 4 million shares were bought and sold for approximately $751.99 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.35% during the next 3 months and, with a 90% probability hold a price between $180.99 and $204.51 at the end of this 3-month period.
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BA Signals & Forecast
The Boeing stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $181.33 and $181.20. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 5.96%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Boeing stock
On the downside, the stock finds support just below today's level from accumulated volume at $172.21 and $166.81. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Boeing finds support just below today's level at $172.21. If this is broken, then the next support from accumulated volume will be at $166.81 and $164.33.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $4.70 between high and low, or 2.55%. For the last week, the stock has had daily average volatility of 2.95%.
Our recommended stop-loss: $174.96 (-5.64%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (BA) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Boeing Company (The) to open at $186.39, and during the day (based on 14 day Average True Range), to move between $180.38 and $190.46, which gives a possible trading interval of +/-$5.04 (+/-2.72%) up or down from last closing price. If Boeing Company (The) takes out the full calculated possible swing range there will be an estimated 5.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $186.70 (0.69%) than the support at $172.21 (7.12%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Boeing Company (The) stock A Buy?
Boeing holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.150 Hold/Accumulate Unchanged
Predicted Opening Price for Boeing Company (The) of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $186.39 ( 0.522%) | $185.42 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 191.09 | 3.06% |
| R2 | 189.30 | 2.09% |
| R1 | 188.19 | 1.49% |
| Price | 185.42 | |
| S1 | 184.59 | -0.447% |
| S2 | 183.48 | -1.05% |
| S3 | 181.68 | -2.02% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 191.42 | 3.24% |
| R2 | 188.62 | 1.73% |
| R1 | 186.70 | 0.690% |
| Price | 185.42 | |
| S1 | 172.21 | -7.12% |
| S2 | 166.81 | -10.04% |
| S3 | 164.33 | -11.37% |
BA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 16, 2019 | Feb 13, 2020 | Mar 06, 2020 | $2.06 | 0.783% |
| 2 | Oct 21, 2019 | Nov 07, 2019 | Dec 06, 2019 | $2.06 | 0.580% |
| 3 | Jun 24, 2019 | Aug 08, 2019 | Sep 06, 2019 | $2.06 | 0.566% |
| 4 | Apr 29, 2019 | May 09, 2019 | Jun 07, 2019 | $2.06 | 0.581% |
| 5 | Dec 17, 2018 | Feb 07, 2019 | Mar 01, 2019 | $2.06 | 0.466% |
FAQ
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