The Boeing Company (NYSE:BA) Starliner crew capsule successfully performed an emergency abort test

The Boeing Company (NYSE:BA) Starliner crew capsule successfully performed an emergency abort test

The Boeing Company (NYSE:BA) Starliner crew capsule successfully performed an emergency abort test

Boeing’s Starliner crew capsule successfully performed an emergency abort test Monday, meeting a key requirement before it can take US astronauts to the International Space Station as early as next year.

The test took place in the New Mexico desert at the White Sands Missile Range and lasted around 95 seconds.

The Starliner was set on a small launch pad with four engines to simulate an emergency in which the capsule — attached to the top of a rocket — would need to quickly separate to bring the astronauts safely back to Earth.

Its four engines ignited and blasted the Starliner at full speed to the sky. After 20 seconds its parachutes deployed and the spacecraft gently drifted to the ground, landing on the desert floor cushioned by large air bags.

“The test team and spacecraft performed flawlessly,” said Starliner program manager John Mulholland.

“Emergency scenario testing is very complex, and today our team validated that the spacecraft will keep our crew safe in the unlikely event of an abort.”

Boeing is one of the companies, along with SpaceX, that NASA has chosen to build spacecraft to shuttle astronauts to the ISS.

Since the end of the US Space Shuttle program in 2011 only the Russians with their Soyuz system have had the capacity to travel from the Earth to the ISS.

Boeing is planning to launch an unmanned Starliner capsule on December 17 to the ISS, as SpaceX did with its Crew Dragon capsule in March.

The first missions carrying humans should take place in 2020, according to NASA, but this schedule depends on the success of several upcoming tests.

SpaceX, for example, has yet to finalize parachute tests of its capsule.

“We hope we never need to use this system, but in case we ever have any trouble aboard the beautiful Atlas V on the launch pad, we know, after today’s test, that we’ll be able to get off safely and then come back and try again a different day,” said former NASA astronaut and Boeing test astronaut Mike Fincke.

“It’s been a long time since we’ve launched out of the United States,” added Fincke, speaking after the White Sands test.

“We really appreciate our friends in Russia for having the launch vehicle and the Soyuz. I flew on it twice. It’s a great launch vehicle, great spacecraft but it’s time to have more options,” he said.

Technical Indicators

Overall, the bias in prices is: Downwards.

Note: this chart shows extraordinary price action to the downside.

By the way, prices are vulnerable to a correction towards 357.08.

The projected upper bound is: 369.68.

The projected lower bound is: 332.30.

The projected closing price is: 350.99.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 24 white candles and 25 black candles for a net of 1 black candles.

A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend. There have been 5 rising windows in the last 50 candles–this makes the current rising window even more bullish.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 55.3010. This is not an overbought or oversold reading. The last signal was a buy 8 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 46.96. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 9 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 21. This is not a topping or bottoming area. The last signal was a buy 7 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 1 period(s) ago.

Rex Takasugi – TD Profile

BOEING CO closed up 5.900 at 351.090. Volume was 13% below average (neutral) and Bollinger Bands were 39% wider than normal.

Open     High      Low     Close     Volume___
346.540 351.410 346.160 351.090 715,268
Technical Outlook 
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period     50-period     200-period
Close: 343.39 365.32 369.14
Volatility: 26 33 35
Volume: 902,203 789,786 990,552

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

BOEING CO gapped up today (bullish) on normal volume. Possibility of a Runaway Gap which usually signifies a continuation of the trend. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
BOEING CO is currently 4.9% below its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of BA.N at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on BA.N and have had this outlook for the last 19 periods.

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