BA’s Price May Be in A Downtrend, but RSI Suggests Caution

The Hourly View for The Boeing Company

  • At the time of this writing, BA’s price is down $-0.12 (-0.06%) from the hour prior.
  • This move is a reversal from the hour prior, which saw price move up.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe.
  • Of note is that the 20 hour changed directions on BA; it is now pointing down. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

The Boeing Company’s hourly price chart is shown below.

BA

The Daily View for The Boeing Company

  • At the moment, BA’s price is down $-1.81 (-0.84%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • Of note is that the 50 day changed directions on BA; it is now pointing down. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
  • Divergence alert: Trend in BA’s price and its RSI are diverging. BA’s price is declining faster than its RSI.

Below is a daily price chart of The Boeing Company.

BA

Featured The Boeing Company Idea From TradingView

Below is a trading comment entitled BA – Nice bounce from support Zone. you may find interesting:

BA – Bounced from Support zone after earnings . Very limited to risk to enter the positionWatch for the falling wedge break out and follow through day.

Tweezer_Karanam