Boeing stock: buy or sell
Updated on:
Jul 29th, 2021
1
Boeing stock brief
- Boeing closed on Wednesday at $231.57 after skyrocketing a 4.18%.
- On Wednesday, Boeing released its Q2 financial report
- Looking at the chart, price is drawing an scaled downtrend since last March with lower tops and lower bottoms. shares price lost a -16.87% since the downtrend started.
Should I buy Boeing stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $BA stock a buy?
Currently, Boeing stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $BA will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Boeing stock?
"To sell or not to sell", if you are holding Boeing stock?. Trading strategies give us the ability us to avoid impetuous decisions based on our personal sentiments or the noise surrounding the market. We like very simple setups to guide us on when is a good time to sell our shares. Be aware that these setups should not be used for selling short Boeing stock
A golden rule is that you should never mantain an open trade that yields losses greater than those expected upon the buy. The moment to sell shares must always be dictated by the stop-loss (automatic or manual)
Is it time to sell Boeing stock?
Currently, Boeing stock doesn't match any of our preferred sell setups, so if you hold Boeing shares and your operation is in profit probably is not time to sell now
Boeing ratings
In the previous month we couldn't find any rating for Boeing
Boeing stock analysis
From a technical standpoint, Boeing continues in downtrend since last March, and has accumulated a selloff of -16.87%. Like in all downtrends, the stock oscillates drawing lower tops and bottoms. In this case, we have seen 2 consecutive lower tops.
SMAs overview
Supports and resistances
The current resistances are:
The current supports are:
Bollinger bands
Since the price broke down the lower band on July 19, the price bounced off by 13.07%
Relative strength index
The RSI broke out the oversold level of 30 on July 20 after just being in the oversold zone for 1 day (what can be considered a strength sign). The RSI reading on Wednesday was 51.54. Since RSI left the oversold zone, Boeing shares skyrocketed a 11.87%
Boeing stock price history
Boeing IPO was on Jan 2nd, 1962 at $0.19 per share1. Since then, BA stock has risen by 121,778.95%, with an average of 2,064.05% per year. If you had invested $1,000USD in Boeing stock on Jan 1962, it would have a value of $1,218,789.47 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Boeing stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, financial institutions post their price forecasts based on the stock price action and the company fundamental data. Most of these predictions follow the release of new fundamental information by the company, and many times. If you are a small trader you must not buy or sell based on these price targets.
We don't have any target price posted in the previous 30 days for Boeing.
Earnings and financials
On Wednesday, The Boeing Company ($BA) posted adjusted EPS for that highly surpassed analysts' expectations. Quarterly EPS was $0.40 per share instead of $-0.72. This Q2 report represents an earnings surprise of 155.56%.
Same quarter one year ago, reported EPS was $-4.79, so recently reported EPS means an increase of 108.35%. Looking at revenues, figures went down a -10.00% compared to $169.1B same quarter 12 months ago.Boeing ($BA) is posting quarterly financial report next October. Expected for this quarter is $0.03, compared to $0.40 that was reported for Q2.
Boeing competitors
Boeing is classified inside the Capital Goods sector and the Aerospace & Defense industry, which contain industry peers.
The following are some of Boeing major competitors:
| Company | Market cap | Rating | Bullish ratings1 |
|---|---|---|---|
| Boeing ($BA) | $149.4B | ||
| Raytheon (RTX) | $114.5B | Neutral | 0 |
| Transdigm ($TDG) | $32.9B | Neutral | 0 |
| Textron (TXT) | $12.0B | Neutral | 0 |
| Woodward (WWD) | $7.6B | Neutral | 0 |
| Hexcel (HXL) | $5.1B | Neutral | 0 |
1 In the last 30 days.
Boeing performance
To better understand Boeing performance you must compare its gains with other related stocks in same sector or industry.. For Boeing, the benchmark is made against Raytheon, Transdigm, Textron, Woodward and Hexcel.
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Boeing ($BA) | -5.00% | -2.30% | 16.90% |
| Raytheon (RTX) | 2.10% | 5.00% | 32.80% |
| Transdigm ($TDG) | -3.30% | 7.80% | 21.70% |
| Textron (TXT) | -1.30% | 10.10% | 50.20% |
| Woodward (WWD) | 0.90% | -1.80% | 8.70% |
| Hexcel (HXL) | -8.60% | -0.50% | 25.20% |
Disclaimer:
The comments written in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this text does not have an understanding of the specific circumstances of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are provided for learning reasons onlyBoeing summary
| Wednesday, July 28th, 2021 | |
|---|---|
| Open | $234.05 |
| Close | $231.57 |
| Day range | $231.33 - $237.49 |
| Previous close | $222.27 |
| Session gain | 4.18% |
| Average true range | $9.20 |
| 50d mov avg | $237.51 |
| 100d mov avg | $240.60 |
| 200d mov avg | $221.18 |
| Earnings date | October 26th, 2021 |