AI predicts Boeing stock price for start of 2024

In the previous five days, aircraft industry giant Boeing Co (NYSE: BA) shares have experienced an upside in value and gained 6.53% over this period.

These positive gains come after news that the world’s largest aircraft producer secured a deal with Emirates, the United Arab Emirates government-owned Dubai airline, and announced that it was buying 95 more widebody Boeing jetliners worth $52 billion.

Profitable events in the previous five days will add to this company’s record of a positive 4.68% year-to-date stock gain.

As we move forward, the question remains whether BA can continue to build on its gains. To answer that, Finbold conducted a quantitative analysis on November 14 to provide insights into Boeing’s future stock market trajectory.

Notably, shares of BA are projected to trade at $183.08 on January 2, 2024, implying a notable drop from the current price, according to the prediction made by AI algorithms on CoinCodex.

In a month from now, the stock is expected to drop to $200.92; however, the 1-year forecast projects a share price surge to more than $319.

Boeing stock price analysis

Boeing shares were sitting at $204.54, up around 4.01% after market close on November 13 and nearly 6.53% in the past five trading sessions. Over the past 30 days, this stock recorded a value increase of 10.62%.

Additionally, in the same 30 days, this stock has experienced 24 green days, showcasing a healthy and profitable performance.

However, it is essential to note that this asset is currently trading below its 200-day moving average (MA), which is set at $208.

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