Boeing Technical Picture Turns Bearish Across Multiple Timeframes
Boeing's technical picture is looking increasingly bearish across multiple timeframes. On September 3, the stock was trading at $206.48 and showed sustained weakness rather than a single-session shock, down 1.15% as of 10:26 AM EDT.
The company has fallen 11.54% over one month and 5.32% year to date, with daily, weekly, and hourly charts all indicating a strong sell signal. This means that the stock is currently below its daily moving averages, with the 5-day SMA at $207.79 and the 10-day SMA at $209.67.
The momentum remains negative as well, with the Daily RSI at 36.82, bearish but not yet deeply oversold. The Stochastic is 16.45, indicating oversold conditions, while MACD at -3.88 confirms negative momentum.
Looking ahead, key levels to watch include $208.65 (daily pivot), $210.88 (near-term upside barrier), and $206.65 (immediate downside level). A sustained move above $210.88 would ease immediate pressure, but a break below $206.65 would expose the next major support at $204.42.