Score 10 (out of 10): BOEING CO/THE poised to rally -2.3% drop in 1 month

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What’s Going On Here?

Boeing has posted a loss of $4.5bn as 787 jet deliveries have stalled with ‘no firm end in sight’. The company unveiled a $3.5 billion pre-tax charge related to 787 delivery delays and customer concessions, and another $1 billion in abnormal production costs.

Why Now?

BOEING CO/THE has reached a new shorter-term low. Previously, during similar occasions, BOEING CO/THE shares had a median return of -2.3%, over the following 1 month based on 2 historical occasions with 2 of those showing negative returns (100% hit ratio). This sell signal for BOEING CO/THE received a high score of 10 (out of 10). This insight was generated on 2022-January-26 with last price of 189.75.

What’s This Company About?

BOEING CO/THE is in the Aerospace/Defense business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: BA US.

What’s My Risk / Reward and Time Horizon?

We found 1 month to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 185.34 (-2.3%) has been reached. Based on BOEING CO/THE’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 192.25 (last price at 189.75), which is equivalent to a 1.3% rally.

Historical Chart:

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Summary:

NameBOEING CO/THE
ViewUp
Star (1 to 10)10.0
Target-2.3%
Time1 month
Hit Rate100%

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