This option represents a 26% upside to the current share price of https://www.usbank.com/index.html, a price level not seen since August 2021. The price-based volume pattern illustrates the prices where investors have bought and sold the shares previously. When volumes at a given price are scant, it implies that few, if any, investors have positions to defend at these levels. A significant amount of buying in the past often implies that traders and investors feel the need to defend their positions at those same prices by either buying more shares or at least not selling further. What’s notable on this chart is that Boeing has underperformed its competitors, sector, and the wider market. Chart watchers will recognize that the Boeing share price has declined ahead of earnings, which could mean that the market was expecting a poor earnings result. Boeing’s competitors—Lockheed Martin Corporation , Northrup Grumman Corporation , and Raytheon Technologies Corporation —have all reported earnings for the quarter, and despite mixed results, each has outperformed Boeing recently.

There are intriguing correlations between support and resistance zones based on volume. Gordon Scott has been an active investor and technical analyst of securities, DotBig futures, forex, and penny stocks for 20+ years. He is a member of the Investopedia Financial Review Board and the co-author of Investing to Win.

Boeing Stock Snapshot

The chart below illustrates the recent price action for the Boeing share price as of Thursday, Jan. 27. The chart also highlights the performance of DotBig after reporting earnings for the previous quarter. After reporting earnings in late-October, Boeing stock fell 1.5% the day of reporting earnings, then proceeded to rise to an extreme high of the range over the next month. This is important to consider if traders and investors are anticipating a similar post earnings move for Boeing stock for this quarter. The chart depicts how the Boeing share price has recently reversed from an upward trend to the downside. Boeing stock was on the rise until mid-January, when the stock started its most recent downward trend, highlighted by the red arrow.

• Bitcoin, Ethereum and Dogecoin were all trading higher early Monday morning, with Ethereum making significant gains.
• This is an overall bearish outlook for the Boeing share price looking forward.
• If this price area is breached to the downside past the lowest visible levels on this chart, it would represent the lowest Boeing share price since November 2020.
• There are intriguing correlations between support and resistance zones based on volume.
• Represents the company’s profit divided by the outstanding shares of its common stock.
• Defense stocks usually rally during geopolitical crises, and the U.S. government will allow European countries to send American-made weapons to Ukraine as Russian troops continue to ramp-up near Ukraine’s border.

Big tech earnings will flow in thick and fast in the upcoming week, providing more clarity on https://dotbig.com/ how supply chain disruptions and the macroeconomic malaise have impacted these companies.

A valuation method that multiplies the price of a company’s stock by the total number of outstanding shares. Boeing has recently lagged both the industrial sector and the aerospace and defense industry. President https://dotbig.com/ Joe Biden’s trip to Saudi Arabia failed to yield any pledge from the top OPEC producer to boost oil supply. Biden wants Gulf oil producers to step up output to help tame oil prices and drive down inflation.

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Bank of America posted a mixed quarter as profits fell compared to the same period a year ago. A sentiment indicator is a graphical or numerical indicator designed to show how a group nasdaq BA feels about the market or economy. Stag is a slang term for a short-term speculator who attempts to profit from short-term market movements by quickly moving in and out of positions.

This array helps to highlight the way the price has risen from the middle portion of this range to the upper bounds. Traders DotBig and investors bid down the share prices of Boeing following the earnings announcement as the stock fell 4.8%.

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While a first look at these figures appears bullish, a further analysis provides key details. An analysis of recent option activity combined with technical analysis of share price movement can help chart watchers gain valuable insight into the overall sentiment toward http://dotbig.com/markets/stocks/BA/.

Boeing Estimates* In Usd

Many traders opt to trade during uptrends with specific trending strategies. Short selling occurs when an investor borrows a security, sells it on the open market, and expects to buy it back later for less money. Put and call option activity appears to be positioned for the price to continue to fall for the near term. Boeing stock price Last week, Brent and WTI posted their biggest weekly drops in about a month on fears of a recession that will hit oil demand. Smaller company stocks outpaced the broader market, sending the Russell 2000 index 2.2% higher, to 1,744.37. A week ago, the average price of a gallon of gasoline in the U.S. was $4.678.

Boeing Shareholder

In this time period, Boeing has dropped well below its 20-day moving average and has recently closed at the edge of an extreme low range as depicted by the technical studies on this chart. The option outlook becomes a bit clearer when considering implied volatility. However, while open interest for http://dotbig.com/markets/stocks/BA/ out-of-the-money calls is rising, implied volatility for these options is falling, indicating that traders are selling positions in these options. Conversely, open interest and implied volatility for out-of-the-money puts is rising, indicating that traders are buying positions in these options.

Boeing Co

The big banks and financial institutions kicked things off last week, and this week we’ll hear from a great many more, including Bank of America, Goldman Sachs, American Express and Travelers to name a few. Second-quarter earnings season ramps up this week, with seven of the 30 Dow members, and 71 companies in the S&P 500 (just over 14% of the benchmark index) set to report. Gasoline prices nationally continued to fall early Monday morning after hitting a high of $5.016 on June 14. Fox News host Shannon Bream noted that about a year ago to the day, President Biden said that no serious economist thought that the U.S. would enter a period of unchecked inflation. Bitcoin, Ethereum and Dogecoin were all trading higher early Monday morning, with Ethereum making significant gains. Apple may slow hiring and spending plans in anticipation of an economic slowdown, Bloomberg reports.