Electronic Arts Inc. Stock Forecast
Stronger technical forecast for Electronic Arts Inc. stock price after Monday trading.
(Updated on Apr 22, 2024)
The Electronic Arts Inc. stock price fell by -0.118% on the last day (Monday, 22nd Apr 2024) from $127.27 to $127.12. During the last trading day the stock fluctuated 0.91% from a day low at $126.84 to a day high of $128.00. The price has fallen in 8 of the last 10 days and is down by -2.22% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -660 thousand shares and in total, 1 million shares were bought and sold for approximately $148.95 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.27% during the next 3 months and, with a 90% probability hold a price between $113.58 and $121.98 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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EA Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 1.19%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Electronic Arts Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $131.80. On a fall, the stock will find some support from the short-term average at $126.83. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Electronic Arts Inc. stock
Electronic Arts Inc. finds support from accumulated volume at $127.05 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.16 between high and low, or 0.91%. For the last week the stock has had daily average volatility of 1.40%.
Our recommended stop-loss: $119.50 (-5.99%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (EA) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Electronic Arts Inc. to open at $127.32, and during the day (based on 14 day Average True Range), to move between $125.16 and $129.08, which gives a possible trading interval of +/-$1.96 (+/-1.54%) up or down from last closing price. If Electronic Arts Inc. takes out the full calculated possible swing range there will be an estimated 3.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $127.05 (0.06%) than the resistance at $132.48 (4.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Electronic Arts Inc. stock A Buy?
Electronic Arts Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.831 Hold/Accumulate Upgraded
Predicted Opening Price for Electronic Arts Inc. of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $127.32 ( 0.157%) | $127.12 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 128.48 | 1.07 % | |
| R2 | 128.04 | 0.721 % | ||
| R1 | 127.76 | 0.506 % | ||
| Current price: | 127.12 | |||
| Support | S1 | 126.88 | -0.191 % | |
| S2 | 126.60 | -0.407 % | ||
| S3 | 126.16 | -0.755 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 137.58 | 8.23 % | |
| R2 | 137.55 | 8.20 % | ||
| R1 | 132.48 | 4.22 % | ||
| Current price | 127.12 | |||
| Support | S1 | 127.05 | -0.0551% | |
| S2 | 126.55 | -0.448% | ||
| S3 | 126.31 | -0.637% |
EA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 30, 2024 | Feb 27, 2024 | Mar 20, 2024 | $0.190 | 0.144% |
| 2 | Oct 31, 2023 | Nov 28, 2023 | Dec 20, 2023 | $0.190 | 0.139% |
| 3 | Jul 31, 2023 | Aug 29, 2023 | Sep 20, 2023 | $0.190 | 0.158% |
| 4 | May 08, 2023 | May 30, 2023 | Jun 21, 2023 | $0.190 | 0.153% |
| 5 | Jan 27, 2023 | Feb 28, 2023 | Mar 22, 2023 | $0.190 | 0.168% |
FAQ
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