BA Elliott Wave Analysis: Current Trends and Future Price Movements
This Elliott Wave analysis of The Boeing Company (BA) focuses on both the daily and 1-hour chart structures, outlining the current trends and potential future price actions.
BA Elliott Wave Analysis: Daily Chart Overview
The Boeing Company (BA) Daily Chart
BA Elliott Wave Technical Analysis
Function: Trend
Mode: Impulsive
Structure: Motive
Position: Wave (C)
Direction: Downside in wave (C).
Details: We're observing further downside within wave (C). After a clear three-wave correction in wave (B), the market is now moving downward as wave (C) progresses.
BA Elliott Wave Technical Analysis – Daily Chart Breakdown
In the daily chart, Boeing (BA) is currently experiencing a downtrend phase in wave (C). This movement follows a distinct three-wave corrective structure in wave (B). As wave (C) advances, it is unfolding as an impulsive decline, indicating the potential for further downside. This signals that the corrective structure is still in progress and may lead to additional price drops.
BA Elliott Wave Analysis: 1-Hour Chart Overview
The Boeing Company (BA) 1-Hour Chart
BA Elliott Wave Technical Analysis
Function: Trend
Mode: Impulsive
Structure: Motive
Position: Wave 5 of (C)
Direction: Downside in wave 5.
Details: A continuation to the downside is expected. With wave 4 having topped out and wave 3 reaching equality with wave 1, wave 5 may now extend lower.
BA Elliott Wave Technical Analysis – 1-Hour Chart Breakdown
On the 1-hour chart, Boeing has likely completed wave 4 and is entering the final phase of wave 5 of (C). With wave 3 reaching parity with wave 1, wave 5 is expected to continue lower, pushing the stock price down further. This extension marks the final leg of the downtrend before the correction completes.
Technical Analyst: Alessio Barretta
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