Table of Contents
Boeing
Boeing stock price is on a renaissance, and is currently on a six-week winning streak. The primary propellant for the aerospace giant’s upside is the resumption of deliveries to China following trade tariff negotiations between the United States and China. In the long-term, an uptick in Boeing 737 and 787 will buttress the company’s revenue stream and drive it towards meeting its delivery timelines.
Analysts have upped their Boeing stock price targets in recent days, with the latest being Bernstein analyst, Douglas Harned, who has revised the target from $218 to $249, with an “Outperform” rating. In addition, the company has resumed delivery of KC-46 Pegasus tankers to the US Air Force after fixing issues with structural cracks. Boeing (NYSE: BA)has delivered 91 of the planned 176 KC-46 Pegasus, with the resumption of deliveries key to its defense contracting arm.
Boeing stock price prediction
Pivot: Boeing stock price pivots at $206. The momentum currently favours the buyers.
Resistance: Initial resistance likely at $209, beyond which the stock could test $215.
Support: First support at $202. The upside narrative will be invalid below that level. Second support likely at $200.
BAE Systems
BAE systems stock price is up by 56% year-to date, and its strong order book means that it will likely stay on the uptrend in the near and medium-term. The company has in recent months won multi-million defense contracts with the governments of the UK, US and Australia.
In addition, the company’s breakthrough ammunition production ramp technology opens up a whole new revenue stream. BAE Systems (LSE: BA.) announced in late April that its Wales facility will be capable of producing 155mm munitions at sixteen-fold the previous capacity starting this summer. That is expected to not only replenish the UK’s stockpiles after shipping out nearly 500k ammo to UK, but also enable it to boost exports,.
Furthermore, the signing of the EU-UK trade pact this week opens the door for British defense contractors to benefit from a portion of the €150 billion EU defense funding pool. Defense was central to the recent EU-UK trade negotiations, and BAE System’s position as the largest defense contractor in Europe likely gives it an edge. These factors favour continued gains by BAE Systems in the coming days and weeks.
BAE Systems share price prediction
Pivot: BAE Systems share price pivot mark is at 1,810p. Action above that level favours the buyers to be in control.
Resistance: Primary resistance at 1,834p. Secondary likely at 1,850p.
Support: First support will likely be at 1,785. Action below that level will invalidate the upside narrative. Second support likely at 1,760p.
Shell
Shell stock price is likely to return to the upside after recent struggles, amid BP acquisition rumours. Oil prices are back up after multiple news sources reported that Israel could potentially strike Iran’s nuclear facilities in the coming days. Such a scenario adds geopolitical risk premium to crude oil amid lower demand in 2025.
The upside for Shell stock price is also supported by CEO Wael Sawan’s statement on Tuesday in which he reiterated that the focus currently is on share buybacks as opposed to mergers and acquisition. That puts to rest concerns over the potential impact of the rumoured acquisition of BP, whose valuable assets are strained by large debt.
Shell stock price prediction
Shell stock price momentum calls for further upside above 2,480p pivot mark. Alternatively, breaking below that level will invite the sellers to take control.
Resistance: The first resistance will likely be at 2,497p. A continued control by the buyers will break above that level and potentially test 2,514p.
Support: The first support will likely be at 2,467p. Breaking below that level will invite the sellers to take control. Also, an extended control by the sellers could push the action lower to test 2,450p.
