Boeing stock sinks toward 52-week low as strike fallout and production woes rattle investors
Production and delivery delays remain a central issue
As of April 4, 2025, Boeing Company (NYSE: BA) is trading at $150.91, representing a sharp intraday decline of 10.47%.
This drop places the stock perilously close to key support levels, continuing a broader downtrend that has persisted for several months. Boeing has now retraced significantly from its 52-week high of $196.95, hovering only slightly above its 52-week low of $137.03. The technical outlook signals a challenging environment for the stock in the short term.
Momentum indicators reflect strong bearish sentiment. The Relative Strength Index (RSI) stands at 26.80, placing the stock firmly in oversold territory. This condition typically suggests a potential for near-term corrective upward movement; however, oversold signals can persist in strongly trending markets. The Moving Average Convergence Divergence (MACD) is at -9.86, which continues to indicate a strong downward momentum. The histogram and signal line trend lower, reinforcing the bearish view.
BA stock price dynamics (January 2025 - April 2025). Source: TradingView.
Boeing is also experiencing high volatility, as evidenced by the Average True Range (ATR) of 6.31. This heightened volatility aligns with recent headlines and the company’s ongoing operational challenges. From a support and resistance standpoint, the next key support lies at $148.15. A close below this level could trigger a new wave of selling pressure, with downside risk toward the $137.00 zone. On the upside, resistance is seen near $186.25, which was previously a key pivot level.
Recent developments
Boeing’s recent stock decline is tied closely to a mix of internal and external pressures. Production and delivery delays remain a central issue. The most recent news notes a significant cash burn of $3.5 billion in the most recent quarter, stemming in part from a two-month machinist strike that disrupted the supply chain and aircraft deliveries. Though production on models like the 737, 767, and 777/777X has resumed, regaining operational rhythm remains a hurdle.
Additional headwinds come from regulatory scrutiny, especially after a series of quality control incidents. This includes heightened FAA involvement and reports of ongoing concerns about the manufacturing process. Investor confidence has also been dented by broader sector concerns, with major airlines facing their own operational challenges, thereby reducing near-term demand visibility for new aircraft.
Analysts remain divided. Some are beginning to view Boeing as a contrarian play due to its deeply oversold technical position. For instance, JC O’Hara, chief market technician at MKM Partners, recently pointed out Boeing’s potential for mean reversion, citing technical conditions that favor a short-term bounce. Still, fundamentals remain weak, and investors appear cautious despite the attractive price levels.
Price scenarios
Boeing’s stock faces a bifurcated path in the short term. In the bullish scenario, if BA holds above the $148.15 support and positive catalysts emerge—such as better-than-expected delivery data or encouraging regulatory commentary—the stock could rebound toward the $165–$170 zone initially, with scope to retest resistance at $186.25. This would require a notable improvement in sentiment and operational clarity.
In the bearish case, a breakdown below $148.15 would open the door to a retest of $137.00, a level not seen since the market downturn in 2023. If macro or company-specific risks intensify, further weakness toward $130 cannot be ruled out.
The stock has experienced significant volatility over the past year, trading between $137.09 and $197.17. This wide range reflects investor uncertainty influenced by macroeconomic conditions and company-specific developments.
