Boeing suffers from negative pressures - Analysis - 13-06-2022

2022-06-13 12:06:32 GMT (Economies.com)
 

Boeing's stock (BA) fell 5.03% in the last session, or 6.73 points, settling at 127.00, with trading volumes surpassing 7.7 million shares, matching 10-day averages, amid the dominance of the main downward short-term trend, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels, hinting at negative divergence. 

 

Therefore we expect more losses for the stock, targeting the pivotal support of 117.78, provided the resistance of 142.60 holds on.

 

Expected trend for today: Bearish 

 
 
 
  Symbol Last Change Chg.%
1.0504
-0.0086
0.8122%
1.2182
-0.0123
0.9993%
22.423
-0.734
3.172%
76.294
-5.181
6.359%
81.87
-0.62
0.75%
1775.665
-19.895
1.108%
 
 
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