$Boeing(BA)$ πΊπ ±οΈππ »π »π Έππ ·πΊ
βοΈπ Boeingβs ($BA) High-Flying Comeback: Is It Cleared for Takeoff? πβοΈ
Kia ora Tiger traders!
Boeing ($BA) is finally showing signs of stabilising and gaining momentum. This chart is screaming βClear the runway!β as it targets an upside range of $160-$165. But will it soar higher or face turbulence at these levels? Letβs break it down:
πΉ Chart Breakdown:
β’ π Momentum Revival: Key consolidation around the $150 range indicates the battle for liftoff.
β’ π₯ Volume Signals: Recent spikes suggest institutional interest is brewing again.
β’ π Breakout Watch: Closing above $165 could set up a runway for a flight toward $200.
π Technical Highlights:
β’ RSI is climbing steadily, reaching levels higher than its previous runs at $165, indicating strength.
β’ MACD shows a strong angle of attack, crossing the zero line for the first time in months, aligning with bullish sentiment.
β’ Price is comfortably above most key moving averages, with the 150-SMA ($26.60) providing a solid pivot.
π Macro & Sector Tailwinds:
β’ Aerospace demand is reviving globally, with major airlines increasing orders.
β’ Boeingβs diversification in defence contracts adds another stabilising engine to its portfolio.
β’ Rumours of a large-scale commercial deal could add further fuel to its ascent.
π« Whatβs Next for $BA?
The path ahead hinges on breaking the $160-$165 resistance, which has been a historic ceiling. But with recent momentum, could it soar beyond $200 and reclaim its place as a high-flyer?
π‘ Fun Fact:
Boeing delivered its first commercial jet, the 707, back in 1958. Over 65 years later, itβs still a titan of the skies.
Hey Tiger Traders, will Boeingβs comeback get cleared for takeoff, or will it face turbulence? Share your thoughts below!
Happy trading ahead, Cheers, BC πππ
@Tiger_comments @Daily_Discussion @TigerPicks @TigerObserver @TigerPM @TigerStars @TigerGPT
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Boeing ($BA) Stock Analysis
Business Overview
Boeing is a well-known aerospace company and a major player in the aviation industry. It has a diversified business portfolio, including commercial airplanes, defense, space, and services segments. The company has a long history and is recognized as a leader in the aviation industry.
Industry Outlook
The aerospace industry is experiencing a revival in demand globally, with major airlines increasing their orders. This positive trend provides a favorable macro tailwind for Boeing's business. Additionally, Boeing's diversification in defense contracts adds stability to its portfolio.
Recent Earnings Performance and Forecast
2024 FY Earnings Forecast: Boeing is expected to report a negative EPS of -$16.10, with a forecasted gross income of $68.40 billion and a forecasting EBIT of -$7.36 billion. Please note that these figures are forecasted data.
2025 FY Earnings Forecast: The forecasted EPS is $0.46, with a projected gross income of $86.03 billion and a forecasting EBIT of $3.67 billion.
2026 FY Earnings Forecast: The forecasted EPS is $4.60, with a projected gross income of $98.62 billion and a forecasting EBIT of $6.85 billion.
The earnings forecast suggests a gradual recovery and improvement in Boeing's financial performance in the coming years. Investors should closely monitor the company's progress in achieving these forecasted results.
Technical Analysis
Support Price (as of 2024-11-29): $152.73
Resistance Price (as of 2024-11-29): $155.63
Average Cost (as of 2024-11-29): $152.46
The stock price of Boeing on December 2nd, 2024, is $155.44.
Analyst Viewpoints and Target Price
According to 26 analysts covering Boeing, the mean target price is $183.35, with a low estimate of $85.00 and a high estimate of $250.00. It's important to consider multiple analyst viewpoints and note that target prices are only estimates.
The general analyst recommendation for Boeing is as follows:
6 recommend
11 buy
10 hold
2 underperform
1 sell
Capital Flow Data
5-Day Capital Flow Data:
11-21: Inflow: $5,433.14K
11-22: Inflow: $20,555.72K
11-25: Inflow: $14,519.91K
11-26: Outflow: -$25,127.61K
11-27: Inflow: $17,599.89K
1-Day Capital Flow Data (as of 2024-12-02):
Total Inflow: $399 million
Total Outflow: $323 million
Big Inflow: $67.02 million
Median Inflow: $43.64 million
Small Inflow: $288.68 million
Big Outflow: $42.95 million
Median Outflow: $32.91 million
Small Outflow: $247.44 million
Other Highlights
RSI (Relative Strength Index) is climbing steadily, reaching levels higher than its previous runs at $165, indicating strength.
MACD (Moving Average Convergence Divergence) shows a strong angle of attack, crossing the zero line for the first time in months, aligning with bullish sentiment.
Price is comfortably above most key moving averages, with the 150-SMA ($26.60) providing a solid pivot.
Summary and Investment Recommendations
Boeing ($BA) is showing signs of stabilization and gaining momentum. The technical indicators, including RSI and MACD, suggest a bullish sentiment. Furthermore, institutional interest is brewing again, as indicated by recent volume spikes.
Investors should closely monitor Boeing's ability to break the resistance at the $160-$165 range. If it successfully breaks this resistance, it could potentially pave the way for a flight toward $200. The positive industry outlook, the company's diversification in defense contracts, and rumors of a large-scale commercial deal further support Boeing's potential upside.
However, investing in stocks involves risks, and it's crucial to carefully consider various factors, including your own risk tolerance and the market conditions, before making investment decisions.
Disclaimer: The above analysis and recommendations are for informational purposes only and should not be considered as investment advice. The stock market is subject to inherent risks, and stock prices can fluctuate. Please conduct your own research and consult with a professional financial advisor before making any investment decisions.
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