Boeing may fall to 151.80 - 157.70

Our pivot point stands at 186.4.

Our preference

The downside prevails as long as 186.4 is resistance.

Alternative scenario

The upside breakout of 186.4 would call for 196.6 and 202.7.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 180.551 and 177.379).

Supports and resistances

202.7 **

196.6 *

186.4 **

182.3

176.56 (USD-last)

163.7

157.7 **

151.8 *

145.8 **

Number of asterisks represents the strength of support and resistance levels.