Boeing Price Analysis: Q3 Loss Sends BA Stock Lower – Can It Rebound?

Summary:
• Boeing's Q3 loss and ongoing Wichita strike hit BA stock hard. Can the aerospace giant resolve production issues and bounce back?

Boeing’s (NYSE: BA) stock took a hit today, dropping 1.76% to $157.06 after the company reported a larger-than-expected third-quarter loss. The ongoing strike at their Wichita facility has impacted both production and, consequently, financial performance. Investors are left pondering: will the recovery soar, or is there further turbulence on the horizon?

Boeing Battles Production Hiccups

Boeing is encountering challenges as the Wichita strike continues, which is hindering production and increasing uncertainty about its future. There is a high demand for their airplanes, but facing difficulties in getting them produced quickly. Investors are hesitant to expect a swift rebound because of the larger than expected loss in the third quarter. Nevertheless, Boeing’s fate remains unclear as it depends on solving labor conflicts and improving manufacturing effectiveness.

Chart Analysis: Key Levels to Watch

• Current Price: $157.06, down 1.76% today.
• Resistance: First level at $162.44, followed by a stronger cap at $191.48.
• Support: Immediate support sits at $152.82, with a lower level at $146.19 if bearish momentum persists.
• RSI: Currently at 51.48, showing neutral momentum but hinting at potential weakness.

Outlook

Short-term traders will want to keep an eye on whether Boeing can hold above the $152.82 support. If that level cracks, more downside could follow. For long-term investors, however, Boeing’s broad recovery story is still intact—albeit with a few bumps. With the right fixes in place, Boeing could yet soar again.