Boeing (BA) is expected to report fourth-quarter earnings on Wednesday before the market opens. Let's check the charts and flight plan for this Dow Jones Industrial Average component.
In this daily bar chart of Boeing, below, I can see a strong advance in price from early October. Prices have stalled and corrected in recent days but remain above the rising 50-day moving average line and above the bottoming 200-day line. The On-Balance-Volume (OBV) line has rolled over in January and suggests we are seeing a shift from aggressive buying to aggressive selling. The Moving Average Convergence Divergence (MACD) oscillator has crossed to the downside in January at a peak slightly lower than the November high in the oscillator. This is a bearish divergence and could foreshadow price weakness in the days ahead.