Boeing The company is on massive area of support, but technically the trend is still down and strong , momentum is down and strong too, next quarterly result will be crucial , if price breaks down it will go even further down , The company is not undervalued , but is getting there if you look closely into the valuation ratios. Volume is going down witch indicates that downtrend is losing power. Important weeks ahead for Boeing.
BA trade ideas
Boeing's Bullish Flight PlanThe year 2024 was a crash landing for Boeing - fortunately only for the stock, as the technical problems with the aircraft that led to losses in the stock could have had far worse consequences than sunk dollars. However, clear signs of stabilization are now emerging in Boeing's stock. Buyers increasingly entered the market around the lows from October 2023. Another sell-off last Monday and Tuesday uncovered hidden bullish divergences in the VOLD. This means that despite great efforts, the bears are unable to push the price to new lows. Against this backdrop, longer-term long positions appear promising. Various gaps that the stock tore into the chart during the sell-off serve as targets. This trade idea exemplifies a conservative and an aggressive take profit, which traders can of course also trade in combination.
Boeing CEO Dave Calhoun to Step Down Amid Safety CrisisIn a significant development for the aviation industry, Boeing ( NYSE:BA ) CEO Dave Calhoun's impending departure by year-end signals a major shakeup at the aerospace giant. The move comes amidst a deepening safety crisis exacerbated by a mid-air incident involving a 737 MAX plane in January, prompting a wave of management changes aimed at restoring confidence in the beleaguered company.
Stan Deal, President and CEO of Boeing Commercial Airplanes, will retire, paving the way for Stephanie Pope to assume leadership in that crucial division. Meanwhile, the appointment of former Qualcomm CEO Steve Mollenkopf as the new chair of the board heralds a fresh chapter in Boeing's leadership.
The decision to overhaul Boeing's management structure follows weeks of turmoil, with the January incident serving as the latest blow to the company's reputation and financial performance. The incident, which saw an Alaska Airlines-operated MAX 9 jet experience a mid-air panel blowout, underscored lingering safety concerns and prompted a reevaluation of Boeing's operational practices.
Since taking the helm in the aftermath of the 2018 and 2019 crashes that claimed nearly 350 lives, Calhoun has grappled with a series of safety crises and regulatory challenges. Despite efforts to address these issues, Boeing's stock has plummeted, reflecting investors' skepticism about the company's ability to navigate its way out of the crisis.
Analysts and investors have welcomed the leadership shakeup as a positive step for Boeing ( NYSE:BA ) but emphasize the importance of selecting the right successor to Calhoun. With the company facing heavy regulatory scrutiny and production constraints, restoring trust and addressing cultural challenges will be paramount for the incoming CEO.
Patrick Shanahan, CEO of Spirit AeroSystems and a former Boeing executive, emerges as a potential candidate to lead Boeing through this tumultuous period. His deep industry knowledge and experience could prove instrumental in steering the company towards recovery and rebuilding its reputation.
Boeing's crisis has not only strained its relationship with airlines but also provided an opening for its main rival, Airbus, to capitalize on. The recent order wins by Airbus from key Asian customers underscore the urgency for Boeing to address its underlying issues and regain its competitive edge in the market.
As Boeing ( NYSE:BA ) braces for a period of transition, the focus shifts to the incoming leadership and their ability to instill a culture of accountability and excellence. With the aerospace industry at a crossroads, the decisions made in the coming months will shape Boeing's trajectory for years to come, with implications reaching far beyond the company itself.
BA Buy Zone Triggers Short-term ProsNYSE:BA is definitely below its current fundamentals for the 1st quarter of 2024. This was the biggest gain of all the Dow 30 components yesterday.
It was an obvious reversal point at a prior Buy Zone at October's lows. Yesterday was driven by pro traders with a run up at open rather than an HFT gap up at open. We can also see the pro trader nudge pattern in the candlesticks before yesterday's move up.
It may consolidate before running up, but this support level is now established for the next move up.
Boeing: Turbulence! 🌪️ Boeing's share price plunged in recent weeks, but rebounded after reaching the support line at $176. We expect the share price to fall to the green Target Zone between $172.25 and $130.78. Only when the low of green wave (2) has been established there should the price turn around again. Please note our alternative scenario (32%) which sees the low as already established. It is triggered on a breach of $208.10.
BA reversal level? Watching BA at this major support level near 173.97 and 180.98 within this large expanding wedge. It's currently holding a lesser support level at 177.46 and 179.32. The current weekly candle has printed a bullish pinbar so far with 3 more days left on the week.
I will be watching price action over the next week or so to confirm a shift from the current downtrend on smaller timeframes.
Current Confluences:
- RSI oversold (W)(D)
- Oversold STOCH (W)(D)
- STOCH curling upward (D)
- Price flagging on 4h
- A slight divergence on the daily
- Jeanius buy signals are starting to come in on the (D) and (W) timeframes
- * Will update any additional confluences*
Current Cautions:
- Negative News Sentiment
- Sellers still holding control
- Trend in still down overall
Trade Idea:
- At these levels, BA is looking good to make a recovery. I would first wait to see if it trades sideways here or makes one more push down to test the support of the expanding wedge one more time before making a reversal. That would be ideal for the LEAPS buyers.
- For the traders, it is best to stay patient for now. If BA does attempt to make an immediate reversal, A reclaim of the first resistance level above at 191.75 and 194.05 would be the safer starting point, Or for the impatient, you can trade the highs and lows of the current range between the current support and resistance.
Nice opportunity for a buy for BA!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
Boeing (BA) Elliott Wave View: Impulse Lower Suggest More DownsiBoeing ticker symbol: BA ended a corrective cycle in January 24 at 217.59 high and we labeled as wave (B). Then the stock continued lower forming an impulse structure. Down from 24.01.2024 high, wave 1 ended at 198.32 low and bounce in wave 2 finished at 215.03 high. The market resumes lower in wave ((i)) ending at 197.15 low. Pullback in wave ((ii)) higher did a zigzag Elliott Wave structure ending at 208.10 high.
Boeing resumed to the downside in wave ((iii)) that is still in progress. Down from wave ((ii)) in lesser degree, wave i ended at 202.51 and wave ii pullback ended at 206.62. The stock resumes lower in wave iii towards 199.03 and bounce in wave iv ended at 204.15. Last wave v ended at 196.92 which completed wave (i) as a ending diagonal. Rally from 196.92 low ended at 203.80 and also wave (ii) correction. Then, the market drop strongly ended wave (iii) at 182.19 and small bounce to 185.97 end wave (iv) correction. Currently, we are expecting to complete wave (v) and also wave ((iii)) lower where market should react higher in correction as wave ((iv)) before resuming to the downside in wave ((v)) of 3.
BA Long. FIB Retracement and EarningsBA has respected the $200 support level twice in the past 2 weeks. This is also in the golden pocket fib retracement from it's last run. Earnings are this Wednesday, so you could enter .5 position now and then the rest afterwards. Stop is below the last wick past 200 and target would be around 240. Would scale some out here and let some ride if the trend is still bullish into spring. MACD momentum building to be bullish.
$BA The Clipped Wing StoryNYSE:BA has a lot going on right now with the suspicious death of the Boeing whistleblower and the Massive lawsuits over the Alaska Airlines blowout. All these things aside, BA is a tricky stock, always going for the Shakeout Breakout at some point to remove all the weak hands. Circled in the image is a prime location for a long where price could bounce on support, a common trend line and the moving average. 1st Target 150 if the current trend breaks. 120 for a wickout bottom if the target breaks.
BOEING: Bearish - Possible SHARK detectedBOEING: Bearish - Possible SHARK detected
Boeing shares risk falling following an accident which left 50 people injured Monday in Australia during a flight from Sydney to Auckland, after a technical problem on a Boeing 787.
Technically, a SHARK is possible and the bullish channel breakout has been made.
And a PRZ around $140 may be possible.
monitor the 50 and 200 Moving Averages.
According to ICHIMOKU, a return to $221 is possible
BA SHORT 200PI love critical Level breaks. This is bear flagging right into 200. With all the bad news and price action. 200P 1/26 could 10x again tomorrow imo.
Buy BA $200 Put 1/26
4m
$1,480.00
10 contracts at $1.48
Type
Limit Buy
Position effect
Open
Time in force
Good for day
Submitted
1/25, 2:39 PM EST
Quantity
10
Status
Filled
Filled quantity
10 contracts at $1.48
Filled
1/25, 2:39 PM EST
Limit price
$1.50
Total cost
$1,480.30
Regulatory fees
$0.30
SHORT THIS OVER NVDA...
We'll See ya in the morning bois ;)
- Proffesseas
Boeing Stock Plummets Amidst DOJ Investigation & Safety ConcernsBoeing ( NYSE:BA ), the aerospace giant synonymous with innovation and air travel, finds itself in turbulent skies once again as its stock takes a nosedive following reports of a Department of Justice (DOJ) investigation and safety incidents involving its aircraft.
The latest blow to Boeing's ( NYSE:BA ) reputation comes as reports surface of injuries resulting from a "technical problem" on a LATAM flight involving a Boeing aircraft. Additionally, the DOJ's probe into an Alaska Airlines flight where a door panel came loose raises further concerns about the company's safety protocols and regulatory compliance.
The DOJ's investigation, which includes interviews with pilots, flight attendants, and passengers, could have significant ramifications for Boeing. The scrutiny extends to whether Boeing may have violated a previous settlement related to the infamous 737 MAX crashes in 2018 and 2019. Any findings of non-compliance could result in charges of defrauding the U.S. government or an extension of Boeing's probationary period.
These developments compound Boeing's ( NYSE:BA ) already precarious situation, with ongoing investigations into its manufacturing and safety processes. Recent incidents, such as a pilot reporting stuck rudder pedals in a Boeing 737 Max 8 and a "technical event" on a LATAM Airlines flight resulting in injuries to passengers and crew, further underscore the challenges facing the company.
Amidst the storm of controversy, Boeing ( NYSE:BA ) has remained tight-lipped, declining to comment on the DOJ's reported investigation. However, Alaska Airlines, one of Boeing's ( NYSE:BA ) major clients, asserts its cooperation with authorities while maintaining that it is not a target of the investigation.
The market's response to these developments has been swift and severe, with Boeing ( NYSE:BA ) shares plummeting more than 23% since the beginning of 2024. Investor confidence has been shaken by mounting concerns about Boeing's ability to navigate regulatory scrutiny and ensure the safety of its aircraft.
As Boeing ( NYSE:BA ) grapples with the fallout from these incidents, the road ahead appears fraught with challenges. Restoring trust and addressing safety concerns will be paramount for the aerospace giant to regain its footing in the industry.
In conclusion, Boeing's ( NYSE:BA ) stock woes underscore the high stakes involved in maintaining safety and compliance standards in the aviation sector. As authorities continue to investigate, the spotlight remains firmly fixed on Boeing's response and its commitment to ensuring the safety of passengers and crew worldwide.