Boeing stock: buy or sell
Updated on:
Apr 16th, 2021
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Boeing stock brief
- Boeing closed on Thursday at $251.11 after barely changing a -0.52%.
- Credit Suisse Group posted a neutral rating for Boeing on Thursday, with a target of $233.00
- From the chart point view, price is drawing a scaled uptrend since October 2020 with higher tops and higher bottoms. Up to date, price made a 77.36% profit since the beginning of this rally
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 we expect a selloff for $BA in the next few days, or that it may not climb 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 shares?. Just as when we have to buy shares, choosing when is the best time to sell is not a haphazard decision, and we must adhere our own trading strategy. When selling, as well as buying, our setups are very easy to use and are only valid for selling stocks in your porfolio, not for selling short $BA stock
A guiding principle is that you should never hold a trading operation that shows a losses greater than those expected by the time of purchase. When to sell shares should always be dictated by the stop-loss (automatic or manual)
Is it time to sell Boeing stock?
In the current situation of Boeing there is not any eligible sell setup, so Boeing stock holders with operations in green can keep their positions
Boeing ratings
In the last 30 days, 8 ratings were published for Boeing. General sentiment is bullish, with 6 out of 8 posting optimistic outlooks
| Brokerage firm | Rating |
|---|---|
| Mar 17th, 2021 | |
| The Goldman Sachs Group | |
| Mar 19th, 2021 | |
| Susquehanna | Buy |
| Susquehanna Bancshares | Buy |
| Mar 22nd, 2021 | |
| Morgan Stanley | Buy |
| Mar 25th, 2021 | |
| Susquehanna | Buy |
| Apr 14th, 2021 | |
| JPMorgan Chase & Co. | Neutral |
| The Goldman Sachs Group | |
| Apr 15th, 2021 | |
| Credit Suisse Group | Neutral |
Boeing stock analysis
Since in October 2020, Boeing has been drawing an uptrend that so far marked an amazing 77.36%. During this uptrend, the price offered some entry points on the breakouts. Latest pullback was last February, when price bounced at $206.60. Like in all uptrends, price needs to take breath and now price is moving in a range between $278.57 and $206.60
SMAs overview
Supports and resistances
The current resistances are:
The current support levels are:
Bollinger bands
Relative strength index
The RSI dropped below the overbought level of 70 in mid-March after just crossing to the overbough zone for just one day (weak signal). The RSI value on Thursday was 53.55. Since RSI lost the overbought zone, Boeing stock tanked a 5.47%
Boeing stock price history
Boeing started trading priced at an adjusted price1 of $0.19 on Jan 1962. Since then, BA stock has risen by 132,063.16%, with an average of 2,238.36% per year. An investment of thousand dollars at that time would be valued $1,321,631.58 nowadays.
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 forecasts are posted every day by banks, financial institutions and independent analysts.
The following table shows the price forecasts released by analysts over the last 30 days. If you are a small trader you should not trade based on these predictions.
The average price target for Boeing stock calculated from the table below is $280.88. Boeing closed at $251.11 on Thursday, so the target price is expecting a growth by 11.86%.
| Brokerage firm | Price target |
|---|---|
| Mar 17th, 2021 | |
| The Goldman Sachs Group | $275.00 |
| Mar 19th, 2021 | |
| Susquehanna | $250.00 → $300.00 |
| Susquehanna Bancshares | $250.00 → $300.00 |
| Mar 22nd, 2021 | |
| Morgan Stanley | $250.00 → $274.00 |
| Mar 25th, 2021 | |
| Susquehanna | $250.00 → $300.00 |
| Apr 14th, 2021 | |
| JPMorgan Chase & Co. | $230.00 → $260.00 |
| The Goldman Sachs Group | $305.00 |
| Apr 15th, 2021 | |
| Credit Suisse Group | $193.00 → $233.00 |
Earnings and financials
Boeing ($BA) had the earnings call and posted the report last January. Boeing missed analysts estimates and posted of $-4.21, that is a -133.89% worse than the predictions of $-1.80. Despite this, reported sales of $15.3 billion were in line with analysts estimates.
For comparison, the EPS for the same quarter last year was $-2.33, so posted EPS means a loss of -80.69%. Looking at turnover, figures dropped a -14.56% compared to $179.1B year over year.Boeing ($BA) posts quarterly earnings report on April 28. Expected for this quarter is $-1.06, compared to $-4.21 that was reported for Q4.
Boeing performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Boeing ($BA) | -1.40% | 20.30% | 54.30% |
Disclaimer:
The thoughts published in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this paper does not have an understanding of the specific conditions of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are expressed for learning reasons onlyBoeing summary
| Thursday, April 15th, 2021 | |
|---|---|
| Open | $253.56 |
| Close | $251.11 |
| Day range | $249.43 - $254.12 |
| Previous close | $252.43 |
| Session gain | -0.52% |
| Average true range | $7.51 |
| 50d mov avg | $235.37 |
| 100d mov avg | $224.87 |
| 200d mov avg | $197.16 |
| Earnings date | April 28th, 2021 |