Stocks

Boeing may fall to 145.20 - 151.30

2024-05-25

Our pivot point stands at 183.1.

Our preference

Under pressure below 183.1.

Alternative scenario

Above 183.1, look for 193.7 and 200.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the share stands below its 20 and 50 day moving average (respectively at 178.755 and 178.791).

Supports and resistances

200 **

193.7 *

183.1 **

179.1

174.52 (USD-last)

157.4

151.3 **

145.2 *

139 **

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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