BA Elliott Wave Analysis - Trading Lounge

The Boeing Company (BA) Daily Chart
BA Elliott Wave Technical Analysis

FUNCTION: Trend
MODE: Impulsive
STRUCTURE: Motive
POSITION: Wave {i} of 3
DIRECTION: Upside in Wave {i}
DETAILS: Wave 2 may have bottomed earlier than expected, as current price action continues to rise within an impulsive structure.

Daily Chart Overview

The daily Elliott Wave analysis for The Boeing Company (BA) reflects a shift toward a bullish trend. Market movements indicate wave 2 might have concluded ahead of previous expectations, with the stock now pushing higher within wave {i} of 3. This new development marks the beginning of a possible large-scale impulsive rally. The pattern forming supports a motive wave, suggesting a strong upside with increasing momentum.

The Boeing Company (BA) 1H Chart
BA Elliott Wave Technical Analysis

FUNCTION: Trend
MODE: Impulsive
STRUCTURE: Motive
POSITION: Wave v of (iii)
DIRECTION: Upside in Wave v
DETAILS: Wave v is extending higher, moving toward the $230 level—a significant area within MinorGroup1.

1-Hour Chart Analysis

The 1-hour chart provides more granular insight into the stock's short-term direction. BA is currently advancing in wave v of (iii), with price action approaching the key resistance zone at $230. This movement is a continuation of an active bullish sequence, indicating the end of MinorGroup1 may be near. Traders should pay close attention to price action near this level, as it may signal a short-term top followed by a corrective wave (iv) pullback. Impulsive behavior supports the trend, but caution is warranted as the rally matures.

Summary

This technical analysis using Elliott Wave principles reveals that Boeing is currently in an impulsive upward phase across both daily and intraday timeframes. The price structure supports a continuation of the uptrend, with wave {i} of 3 underway on the daily chart and wave v of (iii) nearing its peak on the 1H chart. Monitoring the $230 level will be critical for identifying potential turning points or continuations.

Technical Analyst: Alessio Barretta

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