The Boeing Company Stock Forecast
The Boeing Company stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The The Boeing Company stock price gained 0.196% on the last trading day (Tuesday, 2nd Jul 2024), rising from 173.36€ to 173.70€. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.91% from a day low at 172.70€ to a day high of 176.00€. The price has risen in 7 of the last 10 days and is up by 6.54% over the past 2 weeks. Volume fell on the last day by -936 shares and in total, 5 thousand shares were bought and sold for approximately 863.46€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 3.83% during the next 3 months and, with a 90% probability hold a price between 161.88€ and 185.59€ at the end of this 3-month period.
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BCO.F Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, June 10, 2024, and so far it has fallen -1.90%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The The Boeing Company 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 168.91€ and 167.27€. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for The Boeing Company stock
On the downside, the stock finds support just below today's level from accumulated volume at 160.72€ and 160.20€. 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, The Boeing Company finds support just below today's level at 160.72€. If this is broken, then the next support from accumulated volume will be at 160.20€ and 157.56€.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 3.30€ between high and low, or 1.91%. For the last week the stock has had daily average volatility of 2.99%.
Our recommended stop-loss: 166.08€ (-4.38%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 47 days ago.)
Trading Expectations (BCO.F) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect The Boeing Company to open at 174.13€, and during the day (based on 14 day Average True Range), to move between 169.35€ and 178.05€, which gives a possible trading interval of +/-4.35€ (+/-2.51%) up or down from last closing price. If The Boeing Company takes out the full calculated possible swing range there will be an estimated 5.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 173.76€ (0.03%) than the support at 160.72€ (7.47%), 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 The Boeing Company stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for The Boeing Company stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.176 Buy Candidate Upgraded
Predicted Opening Price for The Boeing Company of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 174.13€ ( 0.249%) | 173.70€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BCO.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 177.43 | 2.15% |
| R2 | 176.17 | 1.42% |
| R1 | 175.39 | 0.98% |
| Price | 173.70 | |
| S1 | 172.87 | -0.476% |
| S2 | 172.09 | -0.92% |
| S3 | 170.83 | -1.65% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 177.06 | 1.93% |
| R2 | 176.48 | 1.60% |
| R1 | 173.76 | 0.0345% |
| Price | 173.70 | |
| S1 | 160.72 | -7.47% |
| S2 | 160.20 | -7.77% |
| S3 | 157.56 | -9.29% |
BCO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 16, 2019 | Feb 13, 2020 | Mar 06, 2020 | 2.06€ | 0% |
| 2 | Oct 21, 2019 | Nov 07, 2019 | Dec 06, 2019 | 2.06€ | 0% |
| 3 | Jun 24, 2019 | Aug 08, 2019 | Sep 06, 2019 | 2.06€ | 0% |
| 4 | Apr 29, 2019 | May 09, 2019 | Jun 07, 2019 | 2.06€ | 0% |
| 5 | Dec 17, 2018 | Feb 07, 2019 | Mar 01, 2019 | 2.06€ | 0% |
FAQ
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