The technical chart pattern of the Boeing Company (The) stock clearly favors bearish reversal after a technical rebound over the last trading sessions. Investors should open a short trade and target the $ 120.
The company has poor fundamentals for a short-term investment strategy.
Graphically speaking, the timing seems perfect for purchasing the stock close to the USD 95.01 support.
Growth is a substantial asset for the company, as anticipated by dedicated analysts. Within the next three years, growth is estimated to reach 48% by 2022.
Stock prices approach a strong long-term resistance in weekly data at USD 197.75.
Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.
With an expected P/E ratio at 43.46 and 11.2 respectively for both the current and next fiscal years, the company operates with high earnings multiples.
The sales outlook for the group was lowered in the last twelve months. This change in forecast points out a decline in activity as well as pessimistic analyses of the company.
For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.
Analysts covering the stock have recently lowered their earnings forecast.
For the last twelve months, the analysts covering the company have given a bearish overview of EPS estimates, resulting in frequent downward revisions.
For the past year, analysts have significantly revised downwards their profit estimates.
The technical configuration over the long term remains negative on the weekly chart below the resistance level at 197.75 USD
The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.