Is Boeing ready for a stock price increase? (04/10/2023)
Rating agency Fitch has upgraded its outlook on Boeing's prospects to "positive". Previously, the company's management announced their plans to increase production of the 737 model to a record 57 aircraft per month by 2025. These ambitious plans may lead to an increase in the aircraft manufacturer's revenue and the elimination of losses, along with a rise in dividends in the long term.
Let's take a look at the Boeing chart (NYSE: BA) for today and see if there are any indications of how the stock will react to the news.
On the D1 timeframe, resistance has formed at 193.02, with support at 186.97. If quotes consolidate above 190.00, an upward trend will likely begin.
On the H1 timeframe, the short-term target for the price increase is around 198.88, while in the medium term, it could reach 210.70.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Let's take a look at the Boeing chart (NYSE: BA) for today and see if there are any indications of how the stock will react to the news.
On the D1 timeframe, resistance has formed at 193.02, with support at 186.97. If quotes consolidate above 190.00, an upward trend will likely begin.
On the H1 timeframe, the short-term target for the price increase is around 198.88, while in the medium term, it could reach 210.70.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.