10Jul

The Boeing Company (BA) Stock Elliott Wave Forecast Shows Bullish Structure With $230 Price Target: Key Analysis for Traders and Investors

BA Elliott Wave Analysis - Trading Lounge Daily Chart

The Boeing Company (BA) Daily Chart Analysis

BA Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Impulsive

STRUCTURE: Motive

POSITION: Wave {i} of 3

DIRECTION: Upside in Wave {i}

DETAILS: Wave 2 appears to have bottomed sooner than projected, as the stock continues to climb in an impulsive structure.

Daily Chart Overview

The daily Elliott Wave analysis for Boeing stock (NYSE: BA) highlights a bullish trend development. Recent price action suggests wave 2 likely concluded earlier than forecast, allowing wave {i} of 3 to take shape. This indicates the start of a larger impulsive wave cycle. The emerging motive wave structure supports further gains, pointing to increasing bullish momentum and strengthening upside prospects for BA stock.

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The Boeing Company (BA) US Stock 1H Chart Outlook

BA Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Impulsive

STRUCTURE: Motive

POSITION: Wave v of (iii)

DIRECTION: Upside in Wave v

DETAILS: Wave v is advancing toward the $230 resistance level, a critical zone within MinorGroup1.

1-Hour Chart Analysis

On the 1-hour timeframe, Boeing stock continues its short-term uptrend, currently moving through wave v of (iii). The price is nearing the $230 level, a key resistance area that may define the top of MinorGroup1. This bullish phase is part of an extended impulsive pattern, yet traders should remain cautious. A corrective wave (iv) may follow once this wave v concludes. While upward momentum remains strong, attention to reversal signals near this level is essential.

Technical Analyst: Alessio Barretta

Visit: TradingLounge.com for detailed analysis and market updates.

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Summary
Boeing (BA) is exhibiting a robust impulsive move according to Elliott Wave analysis across both daily and hourly charts. Wave {i} of 3 is in progress on the daily chart, while wave v of (iii) is close to its potential peak on the 1H chart. With the $230 resistance level acting as a pivotal zone, traders should monitor for potential trend continuations or pullbacks. The current wave structure supports further upside in Boeing stock price in the near term.

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