Boeing stock: -7.5% week, SL1 stop breached
Boeing stock drops 7.5% and breaks below its first stop level
Our view last week
Boeing closes the confirmation week of its fresh buy signal down 1.2%, with volumes contracting and sellers slightly prevalent over the past week. Boeing stock stays boxed between its 7-day high, in the 240 area, and support in the 232 area, but the weekly structure is still bullish, with price above its 50-week average. For our model, discipline means holding the position unchanged and waiting for the breakout.
This week's summary
Boeing stock sheds 7.5% in a rough week, with sellers extremely dominant on the last bar and volumes contracting. The breakout above the 240 area expected last week never came: the stock broke down instead, with the weekly MACD just crossing bearish. Price closed below the first stop level (SL1) flagged in last week's card (214.6 area): for anyone following that level the trade is closed.
IQS Phase
38
ordinary
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#40 / 167
US stocks in progress
Trade P&L %
-8.63%
from signal to date, no stop loss
Rank position
ranks 40th among the 167 Longs already running for US stocks in our ranking, with a signal strength of 66 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -3.53% · monthly +1.69%
BA belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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