Boeing Stock Takes Hit as 737 MAX Software Glitch Draws Regulatory Scrutiny

Boeing Company (The) stock took a 3% hit on Monday, September 28, trading at $188.75 after a software glitch in its 737 MAX landing system drew regulatory scrutiny.

The technical picture for Boeing's shares remains bearish, with the stock sitting below all three major moving averages: EMA20 at 203.24, EMA50 at 210.68, and EMA200 at 218.05.

According to momentum indicators, Boeing's daily RSI14 is hovering just above the oversold threshold at 30.06, while its hourly RSI14 is deeper in oversold territory at 28.04.

The Bollinger Bands on both the daily and hourly charts show that price closed below the lower band at 191.31, indicating an oversold extension rather than a stable trend continuation.