Boeing next 60 minutes bearish or bullish with the source of magic signal

The bearish outlook for Boeing (BA) over the next 60 minutes is reinforced by several technical indicators and recent news events: 1. **Technical Indicators**: - Boeing's stock is currently below key moving averages, with the RSI at 36.22, indicating oversold conditions. This typically suggests that a stock is potentially due for a bounce or short-term relief. - The stock's Moving Average Convergence Divergence (MACD) is negative, which is a bearish signal. - The Relative Strength Index (RSI) is 44.48, which is considered neutral and not strongly bullish or bearish. - The stock is trading within the lower bearish band of the Bollinger Bands, further indicating a bearish trend. 2. **Recent News**: - Boeing has furloughed thousands of employees due to a machinist strike, which has put additional pressure on the stock. - The company's stock price has been under significant selling pressure, with risks of further downside. - Boeing's stock continues to plummet, dropping 38.57% year to date. 3. **Options Activity**: - Despite the bearish trend, there has been some bullish activity in the options market, with 52% of traders showing bullish tendencies and 34% bearish. - Predictions for Boeing's stock price over the next three months suggest a potential price range between $125.0 and $170.0. 4. **Conclusion**: While short-term technical indicators show oversold conditions, the overall trend and news surrounding Boeing suggest a bearish outlook over the next 60 minutes. The potential for a bounce is present, but the bearish indicators and ongoing labor disputes indicate that the stock is more likely to continue its recent downward trend rather than shift into a bullish phase in the immediate future.