Boeing Stock Forecast
Red day on Wednesday for Boeing
(Updated on Apr 17, 2024)
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -17.95% during the next 3 months and, with a 90% probability hold a price between $136.62 and $151.65 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BA Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 1.42%. 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. The Boeing stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $172.03 and $186.90. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Boeing stock
Boeing finds support from accumulated volume at $169.55 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $2.73 between high and low, or 1.62%. For the last week, the stock has had daily average volatility of 1.95%.
Boeing is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BA) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Boeing Company (The) to open at $169.73, and during the day (based on 14 day Average True Range), to move between $165.99 and $174.43, which gives a possible trading interval of +/-$4.22 (+/-2.48%) up or down from last closing price. If Boeing Company (The) takes out the full calculated possible swing range there will be an estimated 4.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $169.55 (0.39%) than the resistance at $201.88 (18.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Boeing will release earnings BMO on Wednesday, April 24, 2024.The consensus among the analysts for the expected earnings (EPS) is -$1.38. We will update the financials statements for Boeing, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.37% in the first trading day after earnings release.
Is Boeing Company (The) stock A Buy?
Boeing holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.484 Sell Candidate Unchanged
Predicted Opening Price for Boeing Company (The) of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $169.73 ( 0.284%) | $170.21 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 172.46 | 1.32 % | |
| R2 | 171.41 | 0.707 % | ||
| R1 | 170.77 | 0.329 % | ||
| Current price: | 170.21 | |||
| Support | S1 | 168.68 | -0.90 % | |
| S2 | 168.04 | -1.27 % | ||
| S3 | 167.00 | -1.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 211.61 | 24.32 % | |
| R2 | 211.04 | 23.99 % | ||
| R1 | 201.88 | 18.61 % | ||
| Current price | 170.21 | |||
| Support | S1 | 169.55 | -0.388% | |
| S2 | 167.82 | -1.40% | ||
| S3 | 0 | . |
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
Click here for our free guide on how to buy Boeing Stock.
