Boeing Co (BA) Up 1.09%; in an Uptrend Over Past 14 Days

The Hourly View for BA

Last Updated December 2, 2020, 12:20 GMT

At the moment, BA’s price is up $3.51 (1.67%) from the hour prior. This is the 2nd straight hour BA has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50 and 100 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Boeing Co Daily Price Recap

Boeing Co’s 3 day negative streak has officially concluded, as the candle from the day prior closed up 1.09% ($2.3). This move happened on lower volume, as yesterday’s volume was down 4.14% from the day before — and down 53.71% from the same day the week before. Here is a daily price chart of Boeing Co.

BA

Boeing Co Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For another vantage point, consider that Boeing Co’s price has gone up 5 of the previous 10 trading days.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about BA:

    $BA Trump threatens to veto defense bill unless tech-liability rule overturned

    The president had previously threatened to veto the same defense bill, which includes a 3% pay raise for U.S. troops, over his opposition to language that would rename military bases honoring Confederate commanders. The legislation would authorize a total $740 billion in fiscal year 2021 for the Defense Department and Energy Department’s national security programs.

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