Boeing Technical Analysis (NYSE:BA)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the Boeing stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the BA stock chart which creates a trading signal.
See Boeing bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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
Moving averages show the average price of BA stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $351.29 is below the last closing price of $365.22 and the 50 day moving average of $350.53 is below the last closing price of $365.22. The 10 and 20 day periods can predict short term moving average trends.
Boeing Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Boeing. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of Boeing bollinger bands.
Boeing Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Boeing MACD line is below 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 63.34.