Boeing (BA) shares came under pressure Wednesday after CEO Kelly Ortberg said the company is taking longer than expected to stabilize 737 MAX production at 47 aircraft per month. The comments raised concerns about the pace of Boeing’s production recovery and its ability to generate stronger cash flow as output increases. BA fell roughly 3.7%, as investors reacted to the possibility that the production ramp could remain challenging for longer than previously anticipated.

Boeing Stock Chart

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The chart shows the news reinforcing an already weakening technical trend. BA has fallen below its 8-, 21- and 55-day exponential moving averages, while the PPO remains below zero and -DI near 35 is substantially above +DI near 14. ADX around 27 indicates the bearish trend has meaningful strength, and ATR near $5.60 shows enough volatility for sizable short-term movement. BA tested the $197 area during Wednesday’s decline before recovering somewhat; a decisive break below that support could point toward the next support zone around $193–$194, while a recovery above roughly $204–$205 would begin to weaken the bearish setup.

Wishing you the best,

Wendy