Boeing, Inc. (BA) could make a hard landing in the weeks ahead. Let's check the charts and indicators.
In this daily bar chart of BA, below, that prices just made a new low for the move down this month and it looks like we will close below the cresting 200-day moving average line. The slope of the 50-day moving average line is ready to turn negative. There is some support around $330 and then $315 but a break of $330 will be very negative. The daily On-Balance-Volume line is heading lower and tells me that sellers of BA have become more aggressive. The Moving Average Convergence Divergence (MACD) oscillator has moved below the zero line for an outright sell signal.
In this weekly bar chart of BA, below, we can see that prices are testing the cresting 40-week moving average line. The weekly OBV line has been steady the past three months but that could change soon. The MACD oscillator is bearish and heading down to the zero line.
In this weekly Point and Figure chart of BA, below, we can see a downside price target in the $307 area.
Bottom line strategy: the share price of BA has held up better than the broad market this month but that relative out performance could change in the next few weeks. Protect longs.