Boeing price amid negative outlook - Forecast today - 27-03-2024

Boeing Company’s stock (BA) fell in the intraday levels, amid the dominance of the downward short-term trend, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels compared to the stock’s movements, hinting at negative divergence. 

Therefore we expect more losses for the stock, targeting the pivotal support of 176.25, provided the resistance of 199.26 holds on.

Trend forecast: Bearish