Boeing (BA) Price Forecast: Bull Trend Faces Key Support Test

Author: Bruce Powers

Published: February 23, 2026

Key Points

• Boeing Company remains in a broader uptrend despite recent pullbacks.
• A break below the 10-week average indicates potential for further downside.
• Key support zones are identified near $225 to $223, $216, and $207.
• The 20-week average is a crucial trend level to monitor.
• Traders should watch for reversal signals from key support zones.

Market Overview

Shares of Boeing (BA) confirmed a continuation of its bullish trend in mid-January with a weekly close above the previous high of $242.69. This was followed by a new high of $254.35 two weeks later, marking the end of a 16-week advance of $77.58, or 43.9%. The current bearish correction is viewed as a healthy pullback, allowing for a digestion of gains before the larger bull trend is expected to reassert itself.

Current Price Action

Recently, a lower swing high was established at $247.86, and a bearish continuation was triggered with a drop below an interim swing low at $228.96. The potential support near the 10-week average was breached, closing below this indicator on Friday.

Downside Targets and Support Zones

Several price zones have been identified as support areas as the price continues to weaken. The lowest potential downside target is near the bottom uptrend line of a trend channel, with a confluence of indicators around $207.12-$206.33. Higher potential support areas include:

• Price zone from $225.56 to $224.58, which includes prior structure and the 38.2% Fibonacci retracement.
• A 100% target for a small falling ABCD pattern at $222.68.
• The 50% retracement and 127.2% ABCD pattern projected target at $215.83-$215.46.

Key Moving Averages to Watch

Two key moving averages on the weekly chart are critical to monitor. The 20-week moving average, currently at $218.63, was reclaimed in December and is now experiencing its first pullback toward this average. The initial test is typically met with support. If this average fails, the lower and rising 50-week average at $210.87 becomes a downside target.

Given the overall bullish pattern in BA, strong support is anticipated near the 20-week average, which aligns with the 200-day average at $217.63 on the daily chart.

Conclusion

In summary, while Boeing's stock is currently experiencing a pullback, the overall bullish trend remains intact. Traders should keep an eye on key support levels and moving averages to gauge potential reversal signals and the future direction of the stock.