BA Support Holding StrongBoeing is find strong at support $200 as we approach the bottom of an ascending channel we’re in…..also forming a falling wedge over the daily chart…..we could see a breakout and an increase in volume soon as the bulls should be stepping in……let’s see how this one plays out!
BA trade ideas
BA Key Support LevelBoeing is currently holding at the bottom of the channel on the Weekly Chart…..now that all bad news has settled in to the stock I believe we’ll have a gradual push to the upside respecting the channel and almost any good news will give the additional boost needed to push to the upside…..lastly I’ve found it beneficial to play companies like BA “Boeing” and UNH “United Healthcare” into the decision on the country’s budget, there’s usually money on that table somewhere for Defense and Healthcare…..let’s see how this one plays out!
Analyzing Market Dynamics: The Falling Wedge Dilemma Theoretically, we're observing a downtrend coupled with a falling wedge pattern here. However, there's a catch: we're still within the fair value zone, and the Point of Control (POC) sits higher.
Now, falling wedges, even amidst a downtrend, often tend to resolve towards the upside. If we follow this pattern, our target could hover around 212-214.
Considering the circumstances, I'm contemplating exiting my puts today. This feels like a bit of a coin flip, and frankly, this setup doesn't scream high probability to me—at least not in my playbook.
Is BA Boening ready ?On the daily chart BA had big trend up for November and December but then fell with news
of issues the the Max model which further developed into an FAA inquiry. In the meanwhile
Thailand and India based airlines contracted for more jets and an earnings report beat both
lines especially earnings. It would seem forward earnings are fortified by those new contracts.
The chart shows price currently sitting at the support of the bottom of the high-volume
area of the volume profile and just under the nearby POC line. In confluence, it has been in
consolidation at a Fibonacci level. I consider that BA has been accumulating within a narrow
range and is now well situated for another leg up. The last trend up was about 50% over 2
months. I will take a long trade here anticipating a similar move sometime soon. Targets
are 230 and 250 with call options for August or September also under consideration.
BA- Buy the recovery? or take partial profits? LONGBoeing had a near disastrous start to 2024 with a Malaysian part falling off a MAX jet at 36,000.
Incidentally, going viral is that an iPhone survived the plunge fully functional. 20% got
shaved off the market cap. I bought the low with calls at $215 expiring March 15'24. They did
80% for the week and 16% today. News catalysts are that an East Indian airline company placed
a contract for the purchase of 100 jets of uncertain model. Delta Airlines also did not pull their
existing contract. These catalysts have allowed price to recover about 1/3 of the plunge. The
15-minute chart demonstrates the super trend reversal better than the 60 minute which is
shown here on the idea. The relative volume indicator is about 3 X the running mean showing
trader interest uptick. BA could short squeeze where short sellers quickly buy to cover &
capture profit while the synergistic rise is compounded by near buyers coming in to get ahead
of the chasing? The caution is that the POC line on the intermediate
term volume profile is $ 210 and so getting contracts extended above that has increased
risk based on price distance from the POC. The uptrend instead of a true recovery could be
simply a correction in the overall downtrend. I will take some of the week's profit off
the table and keep a close watch on the price action.
BA Trade Setup into Earnings by Fib Retrace / Volume ProfileBA is shown on a marked up 120 minute chart with a Volume Profile and Fibonnaci retracement
levels as well as the trend angle reversal at the consolidation upon finding support at the
bottom of the high-volume area of the profile. The fib levels suggest targets. Risk in the trade
is after earnings reports of "beats" will drive the action higher or "misses" will cause a down
trajectory. Volatility will increase as the earnings date quickly approaches. Some traders may
want to close a winning trade just before earnings or take a predominant partial close leaving
the the rest to move through the storm looking for blue sky.
I have a risk appetite here. I will take call options for February 5th striking OTM at $240.
I will cut them no later than 24 hours before earnings or when they hit 200% if that happens
beforehand.
CAn Boeing weather the storm BA LongBA on a daily chart is trading in the bottom portion of its intermediate-term trading range
having incurred a series of adverse news catalysts, FAA investigation and loss of trader
sentiment. It is now in the lower portion of the high volume area and below the POC line.
There are multiple touches of a horizontal support before and after a big earnings beat.
The question now is whether BA can mount a good fibonacci retracement of the prior
downtrend. I believe that it is quietly acumulating volume and shares at a given price for
a solid base from which to make a trending move upside to the Fibonacci levels on the chart
and perhaps in time after another good earnings head toward the pivot high of last year.
I will go long from here finding good cause to buy at this discount.
Is BA accumulating for an another leg higher ? LONGOn this 120 minute chart of BA where price is a blue line I have superimposed a RSI from the 4H
time frame. Each is on its own scale RSI is 0-100 while BA is the actual price level. This set
up detects divergences to forecast near-future price action. One the chart text box comments
serve to explain this a bit more. Basically if price is flat and RSI is rising divergence is there.
Likewise if RSI is falling and price is sideways there is bearish divergence. It follows that when
the RSI line is above price and price is rising, if the slope of RSI exceeds the slope of price,
that is a bullish bias. If price is falling and is above the RSI which is falling faster that is
a bearish bias. At this time, I believe that institutions are making small ( for them )
incremental buys trying not to move price until they get their quota. Price is currently
below the mean VWAP anchored into the distant past. Most buying and volatity will occur
at that price. I want to get in early. I will buy call options above current price near to
the VWAP so striking $210. So far BA has been very good to me actually a cash cow because
of the strategy used. I have two contracts at $220 for July. If things go well with this
trade, I will use the profits to buy a contract for expiration in September and spread the
risk over more time as a risk-off strategy. A stock share long trade is good from here for an
investor but the price ranging is not enough for your average trader. Fundamentally BA has
had plenty of good news and bad news. I focus on the good news. The new contracts to buy
coming out of India and Thailand point to future earnings stability something that suggests
the time to trade is now.
Expecting over $210 in the next 2 weeksThis is purely going off of technicals. I think there are some good levels to take into consideration and worth exploring. I'm particularly excited about the gaps we have yet to close. Of course, I'm ready for a bearish scenario as well with my stop loss clearly illustrated. Right now I like the risk to reward ratio. Let's see what next week brings.
"Boeing Stock: Key Point in Rising Channel, Watch for Volatility"We are currently at a crucial point in Boeing shares. If we can stay within the ascending channel, a consistent upward trend may continue. However, if we deviate below or above the channel, I have indicated potential areas. Additionally, I have expressed possible buy and sell zones. It is important to pay attention to potential volatility."
WARNING: THIS ANALYSIS IS NOT INVESTMENT ADVICE. CONSIDER YOUR RISK TOLERANCE AND FINANCIAL SITUATION BEFORE MAKING DECISIONS. FUTURE PERFORMANCE IS NOT GUARANTEED; THIS IS MERELY AN OPINION. INVEST PRUDENTLY AND CONDUCT THOROUGH RESEARCH.
Boeing in Talks to Buy Spirit AeroSystemsBoeing (NYSE: NYSE:BA ), the aerospace giant, is reportedly in discussions to acquire Spirit AeroSystems, its struggling former subsidiary. The potential merger comes as both companies grapple with persistent quality issues and cost pressures related to the production of the 737 MAX aircraft.
Spirit AeroSystems, which was spun off by Boeing ( NYSE:BA ) in 2005, has faced challenges in recent years, leading to concerns about aircraft deliveries and financial stability. The prospect of Boeing ( NYSE:BA ) acquiring Spirit underscores the aerospace giant's efforts to address these issues by bringing the supplier back under its umbrella.
While Boeing ( NYSE:BA ) and Spirit have yet to confirm the discussions, reports suggest that talks are underway, with Spirit exploring strategic options and engaging in preliminary discussions with Boeing ( NYSE:BA ). The move could provide Boeing with greater control over manufacturing processes, potentially alleviating some of the quality concerns that have plagued its aircraft production.
The news of the potential acquisition has sparked market excitement, with shares of Spirit soaring over 13% while Boeing's ( NYSE:BA ) stock experienced a slight decline. Analysts view the move as an opportunity for Boeing ( NYSE:BA ) to address Spirit's challenges and achieve cost savings through economies of scale.
However, the acquisition also raises questions about regulatory risks and potential hurdles associated with integrating Spirit back into Boeing's operations. The aerospace industry is closely monitored by regulatory authorities, particularly in light of recent incidents such as the January 5th incident involving a 737 MAX plane.
Despite the challenges, industry analysts believe that bringing Spirit back into the fold could benefit both companies in the long run. By consolidating manufacturing operations, Boeing may be better positioned to improve quality control and streamline production processes.
Additionally, the acquisition could provide a lifeline for Spirit, which has faced cash flow problems and quality issues in recent quarters. With Boeing's ( NYSE:BA ) support, Spirit may be able to stabilize its operations and regain investor confidence.
Overall, the potential acquisition of Spirit AeroSystems by Boeing ( NYSE:BA ) represents a strategic move aimed at addressing quality concerns and enhancing operational efficiency in the aerospace industry.
BA: Triple Bottom at Support with RSI Bullish DivergenceThe Boeing Company is attempting to confirm a Triple Bottom with RSI Bullish Divergence at the $200 Support Zone. If it plays out I think we could go back up to the 0.236 up at $212 and if we really get traction here, I'd suspect it'd g for the gap fill up at the 0.786 retrace aligning with the $250 level.
It's also worth noting that Boeing filled a downside gap as it pushed down into the support zone, so it's possible that will be the extent of the current wave down.
Boeing tailspin and crash averted? Maybe a time to buy?NYSE:BA
With a lot of negative press, a bullish outlook is pretty contradictory. So while my outlook is bullish, please trade with caution. I believe it has great upside potential...for the time being.
Analysis is based on simplified Smart Money Trading Concepts.
On the Weekly time frame, we have had 2 breaks of structure recently.
The first at 192.41 to the downside. Which was more likely an LQ sweep on a higher time frame. Not the cleanest but not all price action is.
The second at $243.10 to the upside.
In the current trading range $176.25 to $267.54, we are retracing back to the daily change of character. Which is the point in which demand over powered supply and I believe we'll close the gap at $197.26 at which point the Bulls will take charge.
***Any break and close below $176.25 will invalidate this trade idea. ***
If you are interested in a free course on how I analyze the markets, let me know in the comments.
If you are trading stock CFDs or the underlying ticker :
4 positions between the 62% pullback($210.94) and the 89% pullback($186.29) would be ideal.
Exits:
1st = $267.54
2nd = $292.19
3rd = $324.14
4th = $358.83
------------------------------------------------------------------------------------------------------
If you are trading stock options:
NO less than a 6 month expiration!
Suggestion:
20th September Expiration
Buy OTM CALLS between $255-$260
ideally 1-3 positions
If you need an options calculator, I suggest using: www.optionsprofitcalculator.com
Exits:
(STRIKE price)
1st = $292.19
2nd =$324.14
3rd= 358.83
------------------------------------------------------------------------------------------------------
///////////////////////////////////////////////////
Premium - Discount Zones Explained:
In Bullish market structure/bias ---> Buy below the 50% of a fibo retracement
**Ideally between 62% to 89%**
In Bearish market structure/bias--> Sell above the 50% of a fibo retracement
**Ideally between 62% to 89%**
***Please note: the fibo retracement would be flipped in bearish market structure and the 62%-89% zones would be in the upper 50% of the fibo retracement***
///////////////////////////////////////////////////
If you are interested in a free course on how I analyze the markets, let me know in the comments.
THERE IS NO CHARGE FOR AWESOMENESS
[BA] Boeing Long OpportunityToday's session gave us a long entry for a swing/investment position.
I am not very confortable with this stock regarding the news and all the actuality arount it but the setup is pretty clean (can be way better but ...), so I share it.
I will not spend more time on it but this trade needs to be managed because it can go down very fast.
Great Trade !
Boeing: Approach for a Landing 🛬In line with our primary scenario, the Boeing stock price is pitching further downward. Soon, the magenta wave (2) should find its completion above the $176 mark. Subsequently, we expect rises above the resistance at $267.54. However, this primarily anticipated uptrend could be interrupted halfway. If the price reverses before reaching the resistance at $267.54 and falls below the $176 mark (37% likely), we will have to assume that it will land in our dark green Target Zone between $172.25 and $130.78.
Long Boeing $BADo you really think a boeing plane falls apart every day like twitter tells you? Dont you think a company that makes as much as they do would have a trillion dollar r&d team? They are purposfully tanking their own stock. Watch insiders, watch buybacks. Try and get in before them though. Lowest price it'll ever be is now.
PVSRA volume bullish engulf on 2 occasions during consolidation. Lookn for big red bar followed by equal green. Opinion is weighed heavy on this indicator.
Boeing's Medium-Term Challenges: Implications for InvestorsBoeing, a cornerstone of the aerospace industry, has outlined ambitious targets for 2025/2026, aiming for a multiyear uptick in airplane production and substantial improvement in its defense sector. However, challenges in meeting these milestones have surfaced, prompting investors to reassess the stock's trajectory and long-term potential.
Management's vision for 2025/2026 includes achieving $10 billion in free cash flow (FCF) after deducting capital spending, a target crucial for Boeing's financial health and investor confidence. Yet, recent setbacks, including manufacturing quality issues and delays in Boeing 737 deliveries, have cast doubt on the feasibility of these goals.
The delay in reaching these targets is not solely due to supply chain disruptions but also stems from persistent manufacturing quality problems, exemplified by recent incidents like the Alaska Airlines flight panel blowout. These challenges have prompted management to postpone 2024 guidance, signaling potential hurdles ahead.
Furthermore, Boeing Defense, Space, and Security (BDS) have consistently reported losses, adding another layer of complexity to Boeing's roadmap. While industry peers face similar margin pressures, Boeing's reliance on fixed-price development programs in a challenging economic environment exacerbates the situation.
Despite these setbacks, Boeing's CFO remains optimistic about reaching the $10 billion FCF target, albeit acknowledging potential delays. The timing of achieving this milestone carries significant implications for investors, with projections suggesting a potential stock return of up to 56% if achieved by 2025.
However, Boeing's current debt obligations underscore the urgency of achieving these targets for debt repayment and future investments. CEO David Calhoun's indication of a new Boeing plane not before 2035 emphasizes the importance of maximizing FCF in the interim.
While Boeing's long-term prospects remain promising, investors must consider the timing nuances of its FCF generation and operational challenges. Other aerospace stocks may offer better short-term prospects, highlighting the need for Boeing to demonstrate consistent operational performance to regain investor confidence.
In conclusion, navigating Boeing's medium-term challenges requires a careful assessment of its ability to overcome manufacturing hurdles and achieve its FCF targets. While the stock holds long-term potential, addressing current setbacks is essential to reinforce investor trust and pave the way for future growth.
BA long positionHi traders
We can see that the price retested support multiple time. It seems the price will retest the price again and we are excepting that the support will hold and we will get the price reversal to the upsite.
We can observe the regular bullish diversions which comfirms our bullish bias.
Entry, targets and stop loss are shown on the chart.
Boeing Faces Yet Another Setback737 Max Fuselage Issues Cast a Shadow on Production
In a recent development, aerospace giant Boeing (NYSE: NYSE:BA ) has encountered a fresh hurdle in the form of misdrilled holes on approximately 50 undelivered 737 Max jets, raising concerns about potential delays in deliveries. The setback, discovered by a supplier's employee, has prompted Boeing ( NYSE:BA )to initiate rework measures, shedding light on ongoing challenges in the production process. While Boeing refrained from disclosing the supplier responsible, industry sources point to Spirit Aerosystems (SPR), the provider of the affected fuselages.
Drawback
This incident comes on the heels of a mid-air scare on January 5, where a section of a 737 Max 9 fuselage detached during an Alaska Airlines (AAL) flight. The ensuing investigation and subsequent grounding of the 737 Max 9 by the Federal Aviation Administration (FAA) not only disrupted operations but also cast a spotlight on Boeing's ( NYSE:BA ) production quality. In response, the aerospace giant has intensified its efforts to address and rectify potential issues.
The Fuselage Problem:
The misdrilled holes on the 737 Max jets represent a critical lapse in the manufacturing process, as even seemingly minor deviations can impact the structural integrity and safety of the aircraft. Boeing's ( NYSE:BA ) acknowledgment of the issue underscores the gravity of the situation and raises questions about the effectiveness of existing quality control measures.
Supplier Involvement:
With Spirit Aerosystems identified as the supplier of the fuselages in question, attention is now turning to the relationship between Boeing and its key suppliers. This incident could potentially strain these partnerships, as both Boeing ( NYSE:BA ) and Spirit Aerosystems may face heightened scrutiny and pressure to ensure stringent quality checks in their collaboration.
Impact on Deliveries:
As Boeing ( NYSE:BA ) addresses the fuselage problems, concerns linger about potential delays in the delivery schedule for the 737 Max jets. The aerospace industry is already grappling with supply chain challenges and heightened scrutiny from aviation authorities. Any further disruptions to production and delivery timelines could have cascading effects on airlines relying on the timely integration of new aircraft into their fleets.
Regulatory Oversight:
In response to recent incidents, the FAA has heightened its production oversight, signaling a more proactive stance in ensuring the safety and compliance of Boeing's aircraft. This increased scrutiny adds an additional layer of pressure on Boeing ( NYSE:BA ), necessitating a comprehensive review of its production processes and quality control protocols.
Conclusion:
Boeing's ( NYSE:BA ) latest setback with misdrilled holes on 737 Max fuselages amplifies existing concerns about the company's production quality and its ability to navigate challenges in a demanding aerospace industry. As the aerospace giant works to address these issues, industry stakeholders, investors, and aviation enthusiasts alike will be closely monitoring developments, hoping for a swift resolution to ensure the continued safety and reliability of Boeing's aircraft.
BA: Week of Jan 29th BA took a tumble on some bad news, but it looks like its almost ready to rebound here.
Bigger picture:
Watch the threshold breaks here, just in case the selling isn't done, from the chart it looks like the selling is pretty much done, but BA can be a tricky one, so it is important to watch for confirmation.
And those are pretty much my thoughts on BA!
I will be looking to re-enter long on Monday provided we hold the threshold or breakout.
Safe trades everyone!
Boeing Faces Battle as 737 Max Concerns Halt 2024 Guidance
Boeing ( NYSE:BA ), one of the world's leading aircraft manufacturers, has navigated a turbulent fourth quarter marked by a narrower-than-expected loss and a subsequent surge in stock value. However, the company now faces fresh challenges as it suspends forward guidance for 2024 amid safety concerns following a mid-flight incident involving a Boeing 737 Max 9 aircraft. In the aftermath, Boeing's CEO, Dave Calhoun, emphasizes a renewed commitment to quality control and customer support.
Mixed Fortunes in Q4 2023
Boeing ( NYSE:BA ) reported a smaller loss than anticipated for the fourth quarter of 2023. Despite the challenging aviation landscape, the company's revenue of $22.02 billion exceeded analyst expectations. The net loss of $30 million represents a marked improvement compared to the $663 million loss reported for the same period in the previous year. Earnings per share also demonstrated progress, narrowing from a loss of $1.75 to 47 cents per share.
Suspension of Forward Guidance
Despite the positive financial report, Boeing has decided to suspend its forward guidance for the year 2024. The decision comes on the heels of a mid-flight incident involving a Boeing 737 Max 9, raising safety concerns and prompting a cooperative investigation with the Federal Aviation Administration (FAA). The move indicates the seriousness of the situation and reflects Boeing's ( NYSE:BA ) commitment to addressing potential issues before providing investors with future projections.
Production Adjustments and Quality Control Focus
In light of ongoing safety concerns, Boeing ( NYSE:BA ) has announced production adjustments to its flagship 737 MAX and 787 Dreamliner models. The company plans to cap 737 MAX production at 38 planes per month until the FAA completes its quality checks. Simultaneously, Boeing ( NYSE:BA ) will maintain a production rate of five 787 Dreamliners per month, with an eventual increase to 10 per month.
Boeing's CEO, Dave Calhoun, emphasized a company-wide commitment to improving quality control. In a message to employees, Calhoun stated, "We will simply focus on every next airplane while doing everything possible to support our customers, follow the lead of our regulator, and ensure the highest standard of safety and quality in all that we do."
Stock Market Response
Boeing's ( NYSE:BA ) stock witnessed a brief surge, rising over 3% in early trading following the Q4 earnings report. However, the stock has experienced a notable downturn, losing more than 17% of its value over the past month. The market's response indicates investor caution as the company grapples with safety concerns and the suspension of forward guidance.
Conclusion
Boeing's ( NYSE:BA ) recent financial performance reflects a mixed picture of resilience amid adversity. While the fourth-quarter results show improvement, the suspension of 2024 guidance underscores the gravity of the safety concerns surrounding the 737 Max series. Boeing's commitment to quality control and cooperation with regulatory authorities will undoubtedly shape its path forward. As the aviation giant faces a challenging period, stakeholders eagerly await developments and the company's strategic responses to ensure a safe and prosperous future.