Boeing Technical Analysis (NYSE:BA)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. The Boeing stock price data and volume are plotted in BA stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Boeing. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Boeing stock analysis.
Boeing Moving Average:
BA stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Boeing chart patterns after the calculations remain the same. The 100 day moving average of 160.54 is below the last closing price of 175.96. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Boeing are mostly signals of long term trends and will help long term traders.
Boeing Bollinger Bands:
Bollinger bands comprise of a center line usually BA SMA, and two BA stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $175.96 is in the lower range of Boeing bollinger bands.
Boeing Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Boeing MACD line is above the signal line.
Boeing Relative Strength Index:
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of BA stock is 22.87. .