Electronic Arts Inc. Stock Forecast
Electronic Arts Inc. stock upgraded from Hold/Accumulate to Buy Candidate after Monday trading session.
(Updated on Jun 17, 2024)
The Electronic Arts Inc. stock price gained 1.14% on the last trading day (Monday, 17th Jun 2024), rising from $135.98 to $137.53. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.93% from a day low at $135.01 to a day high of $137.61. The price has risen in 6 of the last 10 days and is up by 3.41% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 145 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $237.88 million.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $138.57 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.59% during the next 3 months and, with a 90% probability hold a price between $131.86 and $143.54 at the end of this 3-month period.
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EA Signals & Forecast
The Electronic Arts Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $136.39 and $131.67. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -0.312%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Electronic Arts Inc. stock
Electronic Arts Inc. finds support from accumulated volume at $135.14 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.60 (1.93%) between high and low. For the last week, the stock has had daily average volatility of 1.70%.
Our recommended stop-loss: $132.57 (-3.60%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 27 days ago.)
Trading Expectations (EA) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Electronic Arts Inc. to open at $136.72, and during the day (based on 14 day Average True Range), to move between $135.13 and $139.93, which gives a possible trading interval of +/-$2.40 (+/-1.75%) up or down from last closing price. If Electronic Arts Inc. takes out the full calculated possible swing range there will be an estimated 3.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $137.96 (0.31%) than the support at $135.14 (1.74%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Electronic Arts Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Electronic Arts Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.082 Buy Candidate Upgraded
Predicted Opening Price for Electronic Arts Inc. of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
$136.72 ( 0.591%) | $137.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EA
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 139.32 | 1.30% |
R2 | 138.32 | 0.577% |
R1 | 137.71 | 0.131% |
Price | 137.53 | |
S1 | 135.72 | -1.31% |
S2 | 135.11 | -1.76% |
S3 | 134.12 | -2.48% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 137.96 | 0.313% |
Price | 137.53 | |
S1 | 135.14 | -1.74% |
S2 | 132.88 | -3.38% |
S3 | 132.48 | -3.67% |
EA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 29, 2024 | May 29, 2024 | Jun 19, 2024 | $0.190 | 0.138% |
2 | Jan 30, 2024 | Feb 27, 2024 | Mar 20, 2024 | $0.190 | 0.144% |
3 | Oct 31, 2023 | Nov 28, 2023 | Dec 20, 2023 | $0.190 | 0.139% |
4 | Jul 31, 2023 | Aug 29, 2023 | Sep 20, 2023 | $0.190 | 0.158% |
5 | May 08, 2023 | May 30, 2023 | Jun 21, 2023 | $0.190 | 0.153% |
FAQ
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