Editor’s note: This story has been updated to correct Street estimates for Boeing’s third-quarter earnings report.

Boeing Co. BA is set to report third-quarter earnings on Wednesday before the market opens. Analysts are expecting a loss of $8.11 per share and quarterly revenue of $17.9 billion, according to Benzinga Pro.

Investors, on the other hand, are more focused on whether Boeing can navigate out of the turbulence that sent its stock down 36.64% year-to-date.

Boeing’s Downslide: Troubles In The Skies

Boeing's stock has been battered this year, largely due to persistent production issues and delivery delays for its 737 MAX and 787 Dreamliner jets. Supply chain snags and quality control problems have plagued the aerospace giant, hindering its ability to meet growing demand from airlines.

A recent glitch in its KC-46 tanker program has added fuel to the fire, leaving investors jittery about Boeing's ability to turn things around.

The company’s struggles are reflected in its underperformance over the past year, with a 11.88% decline in share price.

Read Also: Boeing Stock Rises Ahead Of Wednesday’s Union Vote: Will Investors Breathe ‘A Sigh Of Relief?’

Mixed Signals From Boeing's Stock Charts

On the charts, Boeing’s stock is sending mixed signals.

Chart created using Benzinga Pro

Boeing’s stock price of $159.69 hovers slightly below its 50-day moving average of $160.72, creating a bearish signal, while it trades well below its 200-day average of $181.02, also bearish, long-term.

Chart created using Benzinga Pro

The Moving Average Convergence Divergence (MACD) indicator is at negative 0.80, suggesting downward momentum. Additionally, the Relative Strength Index (RSI) of 56.00 indicates Boeing stock might be heading toward the overbought territory, further pointing to caution.

Not all is bearish. The eight-day simple moving average of $152.26 and the 20-day SMA of $153.43 both suggest a short-term buy opportunity, hinting that Boeing stock could bounce back after recent selling pressure.

Q3 Earnings Outlook: Time to Watch The Skies

Investors will be watching Boeing’s earnings closely for any signs of improvement in production or guidance on tackling its ongoing issues.

With expectations of negative earnings, the focus will be on management’s forward-looking statements and any updates on resolving supply chain bottlenecks.

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• US Stocks Set To Open On A Mixed Note As Investors Await Earnings From Tesla, Boeing, GM And Others: Strategist Predicts Significant Gains In This Bull Market

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