The post Is BA Stock Price Below $200 Ahead of Earnings? appeared on BitcoinEthereumNews.com.

Boeing stock price (NYSE: BA) reversed down and fell 14.44% in September 2023. It faced rejection from $243.00 and began to decline by forming lower lows.  BA stock price broke down the crucial support of $200.00 which triggered the negative sentiment and invited further decline.  Boeing stock price showed a steep fall and displayed a highly bearish pattern. It eroded the complete gains generated in 2023 and lost a big portion of its market capitalization.  BA stock price is trading below the 50-day and 200-day EMA showcasing a downtrend. The 50-day EMA slopes down and may negatively cross the 200-day EMA.  However, the Boeing stock price corrected a lot after hitting a 52-week high. So, a narrow-range consolidation near $190 is also possible.  Moreover, if any short-term pullback rally comes, the price may test the $200.00 level again. The price pattern of the stock is bearish and the dominance of sellers is visible.  The quarterly earnings are scheduled in the coming week so volatility in the stock may rise. Boeing stock price closed the previous session at $188.49 with an intraday rise of 0.59%. Will the Downfall in Boeing Stock Price Halt After Earnings? Boeing stock price (NYSE: BA) is in a downtrend and sellers are building shorts on every rise. However, currently, the price looks oversold so a minor pullback rally toward the 50-day EMA is possible.  Boeing Company is expected to release its quarterly earnings on October 25, 2023. Analysts estimated an EPS of -3.191 and a revenue of $18.507 Billion.  If the company succeeds in meeting the EPS and revenue estimates, then the downfall in the BA stock might take a halt. However, if the company failed to beat the estimates, then the stock might decline to $170.00. BA Stock Price Near Demand Zone BA stock is…

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Filed under: News - @ October 10, 2023 6:26 pm