The Boeing Company (NYSE:BA) stock broke out on strong Q4 earnings and have continued higher
Boeing sees China as the fastest-growing market for new jets in the coming decades. Boeing’s business hasn’t been affectedly notably so far during the China trade war, because jet orders come after long talks followed by years before actual deliveries take place. But an extended, escalating China trade war could start to affect Boeing for years or even decades. Boeing stock broke out on strong Q4 earnings and have continued higher.
Overall, the bias in prices is: Upwards.
Note: this chart shows extraordinary price action to the upside.
By the way, prices are vulnerable to a correction towards 392.89.
The projected upper bound is: 464.55.
The projected lower bound is: 421.67.
The projected closing price is: 443.11.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 7 white candles and 3 black candles for a net of 4 white candles. During the past 50 bars, there have been 31 white candles and 19 black candles for a net of 12 white candles.
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.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 88.1358. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 14 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 81.06. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 64 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 153.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 14 period(s) ago.
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 0.660 at 440.620. Volume was 14% above average (neutral) and Bollinger Bands were 11% narrower than normal.
Open High Low Close Volume___
445.710 445.950 440.190 440.620 1,126,128
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 426.71 370.91 356.21
Volatility: 18 40 36
Volume: 765,108 989,698 864,010
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.
BOEING CO is currently 23.7% above its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect moderate flows of volume into BA.N (mildly bullish). Our trend forecasting oscillators are currently bullish on BA.N and have had this outlook for the last 37 periods. Our momentum oscillator is currently indicating that BA.N is currently in an overbought condition.
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