Boeing is neutral

172.3 is our pivot point.

Our preference

Look for a drop towards 172.3 before a bounce.

Alternative scenario

The downside breakout of 172.3 would call for 161.9 and 155.5.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the stock is below its 20 day moving average (182.1015) but above its 50 day moving average (178.2936).

Supports and resistances

216.5 **

210.1 *

203.6 **

197.3

182.01 (USD-last)

176.5

172.3 **

161.9 *

155.5 **

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