Skip to content

Will Boeing (BA) stock crash below $200?

Will Boeing (BA) stock crash below $200?

Boeing (NYSE: BA) encountered a notable setback on January 8, with its shares plummeting to $229, marking the lowest point in over a month. 

This decline follows yet another issue surfacing concerning the beleaguered 737 Max model, raising concerns among investors regarding potential further business setbacks for the aerospace giant. 

Is this recent dip a temporary pullback for BA stock or an indicator of a more extensive bear market for the world’s second-largest jet manufacturer?

What caused BA’s stock drop?

The latest downswing in Boeing’s shares comes after one of the company’s planes, 737 MAX 9, was forced to make an emergency landing after a part of the jet’s wall detached mid-air, leaving a significant hole in the side of the vehicle. 

Expectedly, the incident led to immediate action from the Federal Aviation Administration (FAA), with the regulator ordering all 737 Max 9 jets to be grounded until the investigation into the issue is concluded. The move applies to 171 planes around the globe. 

The event represents the latest in a series of problems for Boeing’s 737 Max. The company has been grappling with significant financial challenges since the narrow-body airliner got globally grounded after two fatal crashes in 2019 that killed 346 people. 

Will Boeing stock keep dropping?

Boeing’s significant nosedive on Monday made it the worst performer of the Dow Jones Industrial Average (DJIA), with the planemaker accounting for nearly all declines witnessed by the blue-chip index on the day. 

At the current price, the stock is hovering above a near-term support zone between $221.6 and $224. Losing that ground would clear the way for further declines toward a key confluence support area between $215.27 and $213.94, where the 100-day and 200-day moving averages (MAs) are located, respectively. 

BA stock technical analysis. Source: TradingView

A drop below this territory would allow the bears to attack the support at $200. 

Buy stocks now with Interactive Brokers – the most advanced investment platform


Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

Read Next:

Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Sign Up

or

By submitting my information, I agree to the Privacy Policy and Terms of Service.

Already have an account? Sign In

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.