Boeing Co. (NYSE:BA) shares, rose in value on Friday, July 19, with the stock price down by -0.97% to the previous day’s close as strong demand from buyers drove the stock to $178.49.
Actively observing the price movement in the recent trading, the stock is buoying the session at $180.23. Referring to stock’s 52-week performance, its high was $267.54, and the low was $159.70. On the whole, BA has fluctuated by 2.00% over the past month.
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Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BA’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of BA currently trading nearly -1.94% and -1.68% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.51, while the 7-day volatility ratio is showing 3.25% which for the 30-day chart, stands at 2.67%. Furthermore, Boeing Co. (BA)’s beta value is 1.56, and its average true range (ATR) is 4.90.
A comparison of Boeing Co. (BA) with its peers suggests the former has fared considerably weaker in the market. BA showed an intraday change of -0.97% in today’s session so far, and over the past year, it shrunk by -14.43%%.
Data on historical trading for Boeing Co. (NYSE:BA) indicates that the trading volumes over the past 3 months, they’ve averaged 6.43 million. According to company’s latest data on outstanding shares, there are 615.47 million shares outstanding.
Nearly 0.18% of Boeing Co.’s shares belong to company insiders and institutional investors own 63.70% of the company’s shares. The stock has fallen by -31.52% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BA stock heading into the next quarter.