Is Momentum Changing for The Boeing Company? Price Just Crossed Above Its 100 Day Moving Average

The Hourly View for The Boeing Company

  • At the time of this writing, BA’s price is up $0.02 (0.01%) from the hour prior.
  • This is a reversal of the price action on the previous hour, in which price moved down.
  • Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on The Boeing Company. Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

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

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The Daily View for The Boeing Company

  • Currently, BA’s price is down $-1.78 (-0.79%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe.
  • Most noteworthy in the world of moving averages on the daily chart is that the 100 day moving average has been crossed, so that price is now turning below it. 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 between BA’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in BA’s price.

Below is a daily price chart of The Boeing Company.

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