Boeing stock: what's happening? (11/01/2024)
According to investing.com, analysts at Bernstein brokerage company have reaffirmed an "outperform" rating on Boeing Co shares, setting a target price of 272 USD, in response to media reports that the incident involving Air Alaska Flight 1282 was unrelated to an isolated operational issue.
The issuer's fault may only be indirect, and this fact is unlikely to impact future financial performance significantly. The recent decline in Boeing's share price can be considered an emotional market reaction.
So, today, we will look at the Boeing Co. (NYSE: BA) stock chart.
On the D1 timeframe, resistance has formed at 250.19, with support at 223.20, creating a relatively wide channel. If quotes consolidate above the 243.00 level, it may signal a change in trend.
On the H1 timeframe, if there is a rebound from the 223.20 level, the short-term target for a price increase can be set at 243.00, while in the medium term, it could hover around 270.00.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
The issuer's fault may only be indirect, and this fact is unlikely to impact future financial performance significantly. The recent decline in Boeing's share price can be considered an emotional market reaction.
So, today, we will look at the Boeing Co. (NYSE: BA) stock chart.
On the D1 timeframe, resistance has formed at 250.19, with support at 223.20, creating a relatively wide channel. If quotes consolidate above the 243.00 level, it may signal a change in trend.
On the H1 timeframe, if there is a rebound from the 223.20 level, the short-term target for a price increase can be set at 243.00, while in the medium term, it could hover around 270.00.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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