Since March 30, 2020, Boeing Company shares have been trading in the range of 120–260 USD. When the price drops to 120 USD, investors begin to actively buy these securities, as they consider this price level acceptable for investing in the company.
As quotes approach 260 USD, the volume of stock sales increases. In a situation where the aircraft manufacturer's debts exceed its assets, investors believe that 260 USD is the maximum price for its securities.
In December 2023, an attempt was made to overcome the resistance at 260 USD. But it turned out to be unsuccessful due to the incident with the 737 Max 9, as a result of which the shares fell to 200 USD. But on January 17, purchases of Boeing securities resumed and quotes were able to rise to 213 USD.
If investors believe that the company will be able to resolve issues with the quality of airliners, then purchases of shares will intensify and we will again see resistance testing at 260 USD. A breakdown of this resistance will serve as a catalyst for further price growth until the next resistance at 300 USD.
As quotes approach 260 USD, the volume of stock sales increases. In a situation where the aircraft manufacturer's debts exceed its assets, investors believe that 260 USD is the maximum price for its securities.
In December 2023, an attempt was made to overcome the resistance at 260 USD. But it turned out to be unsuccessful due to the incident with the 737 Max 9, as a result of which the shares fell to 200 USD. But on January 17, purchases of Boeing securities resumed and quotes were able to rise to 213 USD.
If investors believe that the company will be able to resolve issues with the quality of airliners, then purchases of shares will intensify and we will again see resistance testing at 260 USD. A breakdown of this resistance will serve as a catalyst for further price growth until the next resistance at 300 USD.