The Boeing Company Snaps a 5 Day Down Streak

The Daily View for The Boeing Company

  • Currently, BA’s price is up $1.79 (0.77%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • Price action traders may also wish to note that we see a doji candlestick pattern on The Boeing Company. Given that we see downtrend on the 20 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • Regarding moving averages, it should first be noted that price has crossed the 20 day moving average, resulting in them so that price is now turning above 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.

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

BA

The Daily View for The Boeing Company

  • At the time of this writing, BA’s price is up $1.94 (0.83%) from the day prior.
  • The Boeing Company has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe.
  • The moving averages on the daily 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.

Below is a daily price chart of The Boeing Company.

BA

Featured The Boeing Company Idea From TradingView

Below is a trading comment entitled Gartley? you may find interesting:

BA appears to be trading in a gartley pattern. Harmonic patterns have precise fib levels built in, and this may or not be a Gartley, I just hope it is not the crab. Gartley pattern is very common in the markets. I would be sure there is evidence of a turn at the .786 fib level, or that it turns up tomorrow after the pull back today. Remains to be seen. The Gartley is a bullish pattern but is bearish until the last leg (CD) hits the landing pad. I am crossing my fingers that this is not a crab pattern. When price finds D, you should see evidence of abottom forming at that point, but the lnding pad can be ver…

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