Boeing may fall to 139.40 - 145.20

Our pivot point stands at 176.

Our preference

The downside prevails as long as 176 is resistance.

Alternative scenario

Above 176, look for 186.3 and 192.3.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 179.9635 and 181.097). Finally, Boeing is trading below its lower daily Bollinger band (standing at 164.36).

Supports and resistances

192.3 **

186.3 *

176 **

172

163.24 (USD-last)

151.1

145.2 **

139.4 *

133.5 **

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