Boeing Stock Takes a Hit Following Air India Crash: Key Price Levels to Watch

Boeing shares dropped 4.8% after a plane crash involving one of their aircraft, and investors should watch key support levels at $187 and $163, as well as resistance levels near $218 and $245. The stock has been boosted by optimism around a potential trade deal with China and Beijing's withdrawal of a ruling that barred Chinese airlines from taking delivery of Boeing planes.

Boeing (BA) shares experienced a significant drop of 4.8% following the news of an Air India plane crash involving one of the company's aircraft on Thursday. The crash, which occurred shortly after takeoff from Ahmedabad, India, resulted in more than 200 fatalities [2]. The incident has raised fresh concerns about the safety of Boeing's aircraft, particularly the Dreamliner 787-8 model, which has never before experienced a fatal crash [2].

The stock continued to decline on Friday, falling by an additional 1.7%, and closed the week at around $200. Despite the recent setback, Boeing shares remain approximately 13% higher since the start of the year, buoyed by optimism surrounding a potential trade deal with China and Beijing's withdrawal of a ruling that barred Chinese airlines from taking delivery of Boeing planes [1].

Investors are advised to monitor key support and resistance levels on Boeing's chart. A potential breakdown from a rising wedge pattern could see shares initially test the $187 level, which coincides with the upward sloping 50-day moving average and multiple peaks on the chart stretching back to May 2024 [1]. A close below this level could open the door for a fall to lower support around $163, which aligns with the 61.8% Fibonacci retracement level when applying a grid from the April low to June high [1].

Upswings in the stock could propel an initial rebound toward $218, which may provide overhead selling pressure near the top of the rising wedge and the 200-day moving average [1]. Buying above this level could see Boeing shares climb to around $245, potentially filling a prominent January 2024 stock gap [1].

In the wake of the Air India crash, Boeing faces heightened scrutiny over its production processes, which have been the subject of several mishaps involving its planes, including a door plug detaching in midair on an Alaska Airlines 737 Max 9 flight in January 2024 [1]. The company has been working to address these issues and rebuild its reputation following the 2018 Lion Air and 2019 Ethiopian Airlines crashes involving the 737 Max model.

References:
[1] https://www.investopedia.com/boeing-stock-dropped-following-news-of-air-india-crash-these-are-the-key-price-levels-to-watch-11754060
[2] https://fortune.com/2025/06/12/boeing-stock-india-air-crash-dreamliner-safety-whistleblower/