Boeing Stock Drops 4.14% to $216 as Key $215 Support Faces Triple Test

The Boeing Company (BA) closed at $216 on October 9, 2025, declining 4.14% on elevated volume of 12.9 million shares, retreating from a session high of $225.7 to retest the critical $215 support zone established earlier in the month. This bearish session forms part of a broader technical context evident across multiple indicators.
Candlestick Theory
Recent price action shows bearish confirmation patterns. The October 9 session formed a long red candle closing near its low after a failed rally attempt, reinforcing the significance of the $225 resistance level that has capped multiple recovery attempts since late September. The $215-$216 zone now acts as a double-bottom support, having been tested on October 3, 6, and 9. A confirmed break below $215 would open downside toward $200, while recovery above $225 would need to overcome the cluster of August-September swing highs near $235.
Moving Average Theory
The 50-day moving average ($222) crossed below the 100-day ($228) in mid-September, accelerating bearish momentum as prices deteriorated below both. The 200-day moving average ($204) remains the next major support, though its upward slope suggests underlying structural support. The expanding spread between the 50-day and 200-day MA (-8%) indicates strengthening intermediate-term bearish pressure, with the most recent close now 2.8% below the 50-day MA.
MACD & KDJ Indicators
MACD lines remain in negative territory with a widening histogram, confirming sustained bearish momentum. The KDJ oscillator shows divergence: While price made new lows in early October, the K-line (26) and D-line (31) printed higher lows, suggesting waning downward momentum. However, both remain below the 50 midline, reflecting ongoing oversold conditions without clear reversal signals. A bullish crossover in KDJ combined with MACD histogram contraction would be necessary to signal potential recovery.
Bollinger Bands
Volatility expanded as prices breached the lower Bollinger Band ($220) on October 9, with the bandwidth increasing 15% over two weeks. This suggests intensified selling pressure, though such violations often precede short-term bounces. The close below the lower band coincides with historical support near $215, creating a potential inflection zone. A reversion toward the 20-day moving average midline ($222) would likely attract renewed selling interest.
Volume-Price Relationship
Distribution patterns are evident in key down days: The 4.14% October 9 decline occurred on 30% above-average volume, confirming bearish conviction. Similarly, the September 29 breakdown (-1.89%) featured volume 40% above average. Conversely, October 6's 1.59% rally occurred on below-average volume, signaling weak buying interest. This volume profile favors sellers, though capitulation may be near given elevated volume during recent tests of $215 support.
Relative Strength Index (RSI)
At 33.6, RSI remains in neutral territory but has established higher lows despite price testing the $215 floor. This positive divergence suggests weakening downward momentum and aligns with KDJ divergence. While not yet oversold (<30), the divergence against new price lows increases the probability of a technical bounce near the $215 support if buyers emerge.
Fibonacci Retracement
Applying Fib levels to the April 10, 2025 high ($242.69) and October 3, 2025 low ($215.25) shows the current price trading below all major retracement zones (61.8% at $225.7, 50% at $229), confirming the strength of the downtrend. The recent rejection near the 61.8% level on October 9 underscores its significance as resistance. Should the $215 support fail, the next downside target aligns with the 127.2% extension at $207. Conversely, sustained trading above the 61.8% level ($225.7) would be required to invalidate the bearish structure.
Confluence and Divergence Notes
Confluence exists at $215, combining:
- Triple candlestick support
- RSI and KDJ positive divergences
- Historical volume node
- Key psychological level
Divergence appears between momentum oscillators (RSI/KDJ showing bullish signals) and trend indicators (MACD/Bollinger Bands maintaining bearish bias). This conflict typically resolves through either a technical bounce within the downtrend or a bullish reversal confirmation requiring clearance of $225 resistance on expanding volume. The elevated volume at support suggests near-term direction may be established in the coming sessions.