4BA trade ideas
Boeing Company: The Underpressured PathBoeing results topped analyst expectations Wednesday thanks to a pickup in commercial aircraft deliveries as the manufacturer increases production, but losses in its defense and space businesses drove the manufacturer into the red for the quarter.
The company generated $2.6 billion of free cash flow in the second quarter, ahead of analyst forecasts, and reiterated its full-year guidance of between $3 billion and $5 billion of free cash flow.
Boeing shares surged 12.70% just in a week, and closed on Friday at $238.69, the stock’s highest closing price since November 2021.
Here’s how the company performed during the period ended June 30, compared with Refinitiv consensus estimates:
👉 Adjusted loss per share: 82 cents vs. 88 cents.
👉 Revenue: $19.75 billion vs. $18.45 billion
👉 Boeing and main rival Airbus have both struggled to increase aircraft production in the wake of the Covid pandemic as some airlines face longer waits for new jets, just as travel demand rebounds.
The company delivered 136 planes in the second quarter, up from 121 aircraft during the same period last year.
Meanwhile just a take a look what historically happened with Boeing stocks, almost every time after 10+ percent weekly advance. In simple words - that's been a flat, or even more than 10 percent decline.
Technical picture indicates that Bearish trend still is in power in NYSE:BA stocks, and 5yrs SMA is still a huge resistance.
BA The Boeing Company Options Ahead of EarningsIf you haven`t bought the dip on BA here:
Then analyzing the options chain and the chart patterns of BA The Boeing Company prior to the earnings report this week,
I would consider purchasing the 182.50usd strike price Calls with
an expiration date of 2023-11-3,
for a premium of approximately $5.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Boeing (BA) Looking to End Impulsive Decline SoonShort Term Elliott Wave in Boeing (BA) suggests the decline from 8.1.2023 high is unfolding as a 5 waves impulse. Down from 8.1.2023 high, wave 1 ended at 212.88 and wave 2 rally ended at 231.17. The stock then extends lower in wave 3 towards 182.55, and wave 4 rally ended at 199.65. Internal subdivision of wave 4 unfolded as a zigzag. Up from wave 3, wave ((a)) ended at 188.64 and pullback in wave ((b)) ended at 185.68. Final leg wave ((c)) higher ended at 199.65 which completed wave 4.
The stock has resumed lower in wave 5 with internal subdivision as a 5 waves impulse. Down from wave 4, wave ((i)) ended at 194.27 and rally in wave ((ii)) ended at 196.99. The stock extended lower in wave ((iii)) towards 183.18 as an impulse. Down from wave ((ii)), wave (i) ended at 191.6 and rally in wave (ii) ended at 193.68. The stock resumed lower in wave (iii) towards 185.55 and wave (iv) rally ended at 188.59. Final leg wave (v) ended at 183.18 which completed wave ((iii)). Bounce in wave ((iv)) ended at 186.91.
Expect the stock to extend lower 1 more leg in wave (v) to complete wave ((v)) of 5 of (A). Afterwards, it should rally in wave (B) to correct cycle from 10.11.2023 high in 3, 7, or 11 swing before the decline resumes. Near term, as far as pivot at 199.65 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside.
Boeing (BA) Wins Deal to Support Unmanned Undersea VehiclesThe Boeing Company BA recently clinched a modification contract to provide engineering support for the Extra Large Unmanned Undersea Vehicle (“XLUUV”). The award has been offered by the Naval Sea Systems Command, Washington, D.C.
Valued at $10.6 million, the contract is expected to be completed by September 2024. The majority of the work related to this deal will be carried out in Huntington Beach, CA.
$BA - Boeing can bounceNYSE:BA (Boeing) looks interesting here. The stock has been declining for eight consecutive weeks and is currently resting on the 50% Fibonacci retracement level.
Reversals typically occur around the 50% to 61.8% Fibonacci retracement levels.
The MACD indicator is on the verge of a bullish crossover, and the RSI remains in oversold territory.
There's a possibility that it could bounce from this point.
It is a bit risky as it can still drop to $167 area.
Upside targets:
$196
$214
Downside risk:
$167
$BA Second ScenarioNot Financial Advice.
This is a second scenario for NYSE:BA
aside from the first chart posted earlier this week NYSE:BA went down to fill the gap around $190 but with no rebound yet! fail to do so it might take us even lower so this is a different scenario on the making. a,b,c,d,e triangle. be cautious.
thank you and #subscribe
Is Boeing ready for a stock price increase? (04/10/2023)Rating agency Fitch has upgraded its outlook on Boeing's prospects to "positive". Previously, the company's management announced their plans to increase production of the 737 model to a record 57 aircraft per month by 2025. These ambitious plans may lead to an increase in the aircraft manufacturer's revenue and the elimination of losses, along with a rise in dividends in the long term.
Let's take a look at the Boeing chart (NYSE: BA) for today and see if there are any indications of how the stock will react to the news.
On the D1 timeframe, resistance has formed at 193.02, with support at 186.97. If quotes consolidate above 190.00, an upward trend will likely begin.
On the H1 timeframe, the short-term target for the price increase is around 198.88, while in the medium term, it could reach 210.70.
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Boeing looks good to Buy NowAs it's shown on the chart for me NYSE:BA looks bullish right now
I have opened some position in NYSE:BA because it is on 200 MA support on daily frame time
Entry price: 209.20
Stop Loss: Daily close lower than 204$
Target 1: 216 $
Target 2: 240$
What do you think? Share your opinion in comments
Thank you
Cumulative Distribution Density Probability IndicatorHello all,
Sharing this indicator that I created and giving you the low down and details on how to use/interpret the results.
I will post the link to the indicator below.
Safe trades everyone and let me know your questions and comments either here or on the indicator page itself.
BA trading in range: $205 - $240Boeing is preparing to restart delivery of 737 Max jets to China for the first time in four years.
The deliveries are expected to start within weeks, according to a Bloomberg report on Friday, which cited people familiar. China Southern Airlines Co. is exptected to take the first 737 Max from the aircraft maker.
China grounded all Boeing 737 Max jets in the country four years ago after two deadly crashes of the plane in Indonesia and Ethiopia. Since January, Chinese airlines have been putting the planes back in the air to keep up with surging demand for air travel after the rollback of pandemic lockdowns.
BA VWAP bounce LONGBA on the 1H chart put in a double top. Given the heavy volumes on the volume
profile, BA was shorted heavily at the top. Those shorts have rode the profit train
down to the mean VWAP. At this point they are buying to cover and taking profit
and are joined by new buyers. BA has reversed and pivoted up. the MACD is
confirmatory. Volume is adaquate and steady albeit without any spikes.
BA is a low mover. Price has about 5% upside to the double top and POC line of
the volume profile. This is most suitable for a call option trade to follow this
megacap up. Please leave a comment if you would like to query my ideas as to
a good option for this trade.