Thinking About Riding the BA Downtrend? Read This First

The Hourly View for The Boeing Company

  • At the moment, BA’s price is down $-0.03 (-0.01%) from the hour prior.
  • It’s been a feast for bears operating on an hourly timeframe, as The Boeing Company has now gone down 8 of the past 10 hours.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe.
  • 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

  • Currently, BA’s price is down $-1.27 (-0.6%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as The Boeing Company has now gone down 8 of the past 10 days.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe.
  • Price action traders may also wish to note that we see some doji and pin bar candlestick patterns 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.
  • 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 slower 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 BOEING – Wait For The Trigger! you may find interesting:

Hello everyone, if you like the idea, do not forget to support with a like and follow. BA is overall bullish, trading inside our brown channel and since it is retesting the lower brown trendline and round number 200.0, we will be looking for trend-fo…

TheSignalyst