Boeing Long opportunityBoeing closed above the 20 and 50 EMA. The MACD shows a bullish crossover, and there’s also an 8x21 bullish EMA cross. Additionally, the DMI is showing a bullish cross and the money flow is rising. This presents a wonderful long opportunity.
** It is only chart analysis. It is not a financial advise.
BACL trade ideas
The head and shoulder of the yearFor more than five years I have been investing and diving deep in the process of creating airplanes. Boeing should have a sellers market, but due to their incompetence in delivering safe planes they now risk lossing goverment contracts due to their ongoing fraud cases. Their defence department is 32% of their revenue (2023) and most of it comes from the US government which would by law have to stop giving Boeing new contracts. The US government can abstain from this and still give Boeing contracts, but it will diffently have an impact. Beyond this the announced the purchase of SPR. This could give them some positive marginals for the production of MAX planes which SPR have been an important part of. However boeing is still restriced by the FAA to not produce more than 34 MAX planes per month which is already way behind their expected deliveries for the year. Boeing is too big to fail, but not to big to be held accountable for their misconducts and be faced out in the portfolio of multiple pension funds. The current head and shoulds I see for the company is just the tip of the iceberg at the current look out. Their order book is generally filled out for the next 8-10 years, but no growth can come beyond that if they are behind on deliveries. I have a fair price at 97 USD per share of Boeing. I do not see this coming into effect yet however I would not be surprised to see them trading at or below 159 USD before years end.
BOEING back to the POC around $153 or lowerBoeing is looking weak at the moment, and eyes are definitely on the $153 area or below where previous POC (point of control was established)
Reasons to consider BA keeps heading sound.
1. 737 MAX grounding: This is a major issue. The 737 MAX is a Boeing aircraft model that was grounded worldwide in 2019 following two deadly crashes attributed to a faulty flight control system, the MCAS. The grounding significantly impacted Boeing's finances and reputation. While the plane has since been cleared to fly again after modifications, the accidents and grounding cast a long shadow.
2. Scrutiny over production practices: Following the 737 MAX crashes, there were concerns raised about Boeing's production practices and its relationship with the Federal Aviation Administration (FAA), the agency responsible for certifying aircraft safety. Government hearings investigated these concerns, with allegations of Boeing prioritizing speed over safety in getting the 737 MAX to market.
3. Continued impact on orders and production: The fallout from the MAX grounding and production issues has led to airlines delaying or cancelling orders for Boeing aircraft. This has slowed production and further strained Boeing's finances.
4. Increased competition: Airbus, Boeing's main competitor, has benefited from the 737 MAX grounding, capturing new orders and market share.
Lastly, their move today to shift their offer for SPIRIT to mostly stock from cash indicates the company is feeling pressure and its being shown in the chart.
BA - The big pictureBoeing has been under scrutiny for a few years now for good reason. Investors are more exhausted than ever as price action fails to keep up with the rest of the market, and with no dividends there seems to be little reason to hold onto the stock. However, when considering the fact that Boeing has been a key stable in US aerospace/defense and commercial applications since the 1970's, and has also faced and survived scares in the past, it may be pertinent to look for counter-trend optimism. In the short term, I believe a retest of the 300 week around the $130 level is still in the cards, and we are currently up against the 200 week after a failed break, and a second failure may be too much for short term holders to handle. The prevailing long term trend though for the stock looks to be business as usual, and unless we break below the 300 week I see no reason to think otherwise.
In summary, I will look for an entry with either a successful break/flipped support of the 200 week, or a retest at the 300 week which has historically been a strong support even in the worst conditions.
Are we ready for take off? Entry above 176This stock is showing a sign of strenght after long period of decline. I´m suggesting to enter long when the first 4H candle close above 176 and target 186 as a first step (partial close and set SL to BE) and then final target around 218. Don´t enter earlier, because I think stock market will pullback at the beginning of next week. Wish you good luck.
Crazy dv on #BA found footing in dropbox. $BA #BoeingOriginally posted on May 30:
Small dv in rsi (bb->ma (with tweak)). DM +- pulling to centre and adx at positive level (target zone tested x2 + a db).
Possible long from this point. Further confirm: Running further analysis, and checking fundamentals...
(This was posted ("not on TW") may 30. for a swing trade in a newly formed range based on a shorter timeframe. Will paste this picture below. But also when zooming out we are possible looking at a bigger move currently in the making)
Update: June 06. Boeing Starliner launches, taking NASA astronauts to ISS.
"The Boeing Starliner successfully launched from the Cape Canaveral Space Force Station in Florida. The Starliner is taking two NASA astronauts, Butch Wilmore and Suni Williams, to the International Space Station. The mission is expected to last about 10 days".
Eyes on the performance of Boeing in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$0.82
While still wating for further confirmation I remain neutral on BA for now but with a good bullish outlook. (Would like to see a retest of the 114 level)
i.wish $BA doesn't close above $195 this Friday 06/07
1. **Boeing's Starliner Launches First Astronaut-Crewed Flight:**
- Boeing's Starliner capsule successfully launched its first astronaut-crewed flight to the International Space Station (ISS) after several delays. The liftoff occurred from the Cape Canaveral Space Force Station in Florida.
- This mission, called the Crew Flight Test, could pave the way for NASA to use Starliner for routine operations, providing an additional option alongside SpaceX's Dragon and Russian Soyuz spacecraft.
2. **Boeing Faces Pressure from Whistleblowers:**
- Boeing whistleblowers continue to speak out as the FAA steps up pressure following airborne incidents and the deaths of two quality control inspectors.
Levels to manage risks/rewards when trading $BAHere’s a summary of Boeing-related news from this week:
Boeing Firefighters’ Contract Ratified:
Boeing’s private firefighters have approved a new contract, ending a three-week lockout. The contract includes significant raises for the firefighters.
Space Launches by Boeing and SpaceX:
Boeing and SpaceX are both preparing for high-stakes space flights:
Boeing’s Starliner capsule will attempt to launch two NASA astronauts to the International Space Station (ISS) for the third time. Liftoff is scheduled from Florida’s Cape Canaveral Space Force Station.
Trading Boeing Stock Following the Near-Term Double Top PatternThe Boeing Company (BA) stock has recently formed a noteworthy technical pattern that could signal a potential trend reversal. The pattern, known as a double top, occurs when a stock attempts to break through a resistance level, fails, and then tries again unsuccessfully. This often indicates that the stock may be losing upward momentum and could be poised for a downward move.
NYSE:BA
On Boeing's chart, we can observe a clear double top formation around the $178-$179 price level. The stock reached this level in late May, pulled back, and then rallied again to the same level in early June. However, on both occasions, Boeing failed to break through this resistance and was sharply rejected, suggesting that sellers are stepping in at these prices.
What's particularly significant about Boeing's double top is the price action that followed the second failed breakout attempt. The stock not only reversed lower, but it also decisively broke below several key support levels, including the previous support at $175 and the 50-day moving average. This breakdown reinforces the bearish implications of the double top pattern.
Other technical indicators are aligning with the bearish outlook suggested by the double top. The Relative Strength Index (RSI), which was approaching overbought territory near the peaks of the double top, has now turned lower, indicating waning bullish momentum.
Given these technical signals, traders might consider setting up a short trade in Boeing to profit from potential further downside. The well-defined double top pattern and subsequent breakdown provide a clear entry point for such a trade. If the stock continues to trend lower as the pattern suggests, the next significant support level around $173 could serve as a reasonable profit target. To manage risk, a stop loss could be placed just above the top of the pattern, allowing the trade to be exited with a small loss if Boeing unexpectedly reverses higher.
Boeing going down!Boeing failed more than one third of the FAA audits for the MAX, the failures are systemic and the entire board and senior management team needs to be replaced. Add a launch failure and this stock will be toast Monday morning. My prediction is it opens around $165, drop to $142 and it may find some support. This could go as low as $121.
BA/SPX: STILL VALUEThought I would give an update. I have done nothing but buy $NYSE:BA. It remains historically undervalued. I just saw some Apache helicopters today, Airbus doesn't have those. These foolish "investors" are selling a staple of American tourism and the American war machine. I will buy as much as possible.
Buy low, sell high.
Will update in a few months.
Long NYSE:BA
Boeing Could Be in DescentBoeing has been falling since the beginning of the year, and now some traders may expect the downward trend to continue.
The first pattern on today’s chart is $183.14, a weekly close from April 5. BA challenged that level on May 6 and 14, but each time closed below it. That may suggest that resistance is forming.
Next you have the large bearish outside candle on May 6. Prices have remained entirely within that range since. Could this neutral period be followed by downside movement?
Third prices are stuck below the falling 50-day simple moving average, which may confirm a bearish trend.
Finally, stochastics have been overbought. A dip from here could signal a potential top.
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