Stocks
Boeing Technical Analysis: Strong Bearish Signals Across Multiple Timeframes
Boeing's technical setup is strongly bearish across multiple timeframes, according to recent analysis. The stock currently trades at $208.09, up 0.81% as of September 10th. Despite this minor gain, momentum remains weak.
The daily chart shows a Strong Sell signal with an RSI (Relative Strength Index) of 40.90, MACD (Moving Average Convergence Divergence) reading -3.07, and ADX (Average Directional Index) above 40, indicating a strong trend.
Support levels are identified at $204.48 daily S1, deeper support at $202.55, followed by $198.68. Resistance levels sit at the daily pivot of $208.35, then $210.28 and $214.15.