Based

<ul class="list-ic vertical">
 <li><span>1</span> <a>BA stock price: The company has broken a trendline and has fallen to its critical support.</a></li>
 <li><span>2</span> <a>The Indicators are showing a significant chance of trend reversal&nbsp;</a></li>
 <li><span>3</span> <a>Its 50-day EMA has made a bearish crossover with the 150-day EMA 10 days ago.</a></li>
</ul>
<p>The Virginia-based aerospace company, Boeing Co. (NYSE: BA) facilitates the manufacturing of commercial jetliners. Along with that it also operates in defense, space, and security systems.</p>
<p>When the BA stock price was at the support level of&nbsp; $218, Bullish investors expected it to continue its upward trend with the trendline. However, the bears took control and brought the stock below to a major support level of $168.</p>
<h2 class="wp-block-heading" id="strong-technical-analysis-and-prediction-of-the-ba-stock-price-strong"><strong>Technical Analysis and Prediction of the BA Stock Price</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/lyVwOOsmEqWXaspvE3EVV6JeAQWXvFL2qZTeZJ0YR8Cdm7bG_afqXZjwpJ_ixgwC8UGc00J-0ZYRvhctbCa42TaR8qFTtIZr_wrCyWoY8xZtpDpQWBWvznfrOpUpEqWpjB9wzx_6xq1JJjjq0b-m8l8" alt="BA Stock Price: Stock is Ready to take off, Are you on Board?">
  <figcaption class="wp-element-caption">
   Chart provided by<a href="https://in.tradingview.com/chart/X78t0Vyp/?symbol=NYSE%3ABA" rel="noopener noreferrer nofollow"> Tradingview </a>(weekly time frame)
  </figcaption>
 </figure>
</div>
<p>At the press time, the BA stock price is currently trading at $182. The immediate resistance level from this point is at $218 and the immediate support level is at $183. The 2nd support and resistance level are at $168 and 237.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-what-are-the-indicators-showing-strong"><strong>What are the indicators showing?</strong></h3>
<p>Some of the leading indicators, such as the Relative Strength Index (RSI) and Exponential Moving Averages (EMAs), provide valuable insights into potential future price action within the support and resistance levels. The 50-day EMA has made a bearish crossover with the 150-day EMA 10 days ago this writing. Currently, the 50-day EMA is at $202, while the 150-day EMA is at $205.</p>
<p>Moreover, the Relative strength index is at its oversold level of 30, which means that it is likely to make a rebound. Based on the current market trend the simple moving average line and the RSI are on the same level. However, the simple moving average line is currently positioned below the RSI, indicating that there may be a potential opportunity for the RSI to bounce up and rise.</p>
<h3 class="wp-block-heading" id="strong-what-is-the-price-prediction-of-ba-stock-strong"><strong>What is the Price Prediction of BA Stock?</strong></h3>
<p>The BA <a href="https://www.thecoinrepublic.com/2023/10/15/backed-by-strong-financials-cey-stock-price-rose-11-6-in-5-days/" rel="noopener noreferrer nofollow">stock price</a> prediction will be bullish as the current price action is showing. The current support level seems firm, which is providing good support to the bulls. The RSI is also at its oversold level. Its interaction with its simple moving average line also gives signals that it is making a bounce. A good target from here can be near $207, which is a weak resistance. Since this target is also near its 150-day EMA, it can give some rejection to bulls.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3>
<p>Boeing Co. (NYSE: BA) facilitates the manufacturing of commercial jetliners. A crash in the airline sector has affected the BA stock price and it has broken an uptrend. The stock is currently near a support level, which was tested by the bulls twice recently. The indicators are showing a bullish trend, and the prediction is with the indicators.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<ul>
 <li><strong>Support:</strong> $183, and $168</li>
 <li><strong>Resistance: </strong>$218, and $237</li>
</ul>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks or related indexes comes with a risk of financial loss.</p>

BA Stock Price: Stock is Ready to take off, Are you on Board?

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Thecoinrepublic.com

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