Electronic Arts Inc Stock Forecast

Electronic Arts Inc stock price ended at 130.62€ on Friday, after losing 0.412%.
(Updated on Jun 28, 2024)

ERT.DE 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 130.46€ and 124.29€. A breakdown below any of these levels will issue sell signals. 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 Monday, June 24, 2024, and so far it has fallen -0.93%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Electronic Arts Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at 120.46€ and 120.40€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Electronic Arts Inc finds support just below today's level at 120.46€. If this is broken, then the next support from accumulated volume will be at 120.40€ and 120.00€.

In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved 0€ between high and low, or 0%. For the last week the stock has had daily average volatility of 0.388%.

Our recommended stop-loss: 125.73€ (-3.75%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 30 days ago.)

Trading Expectations (ERT.DE) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Electronic Arts Inc to open at 130.62€, and during the day (based on 14 day Average True Range), to move between 129.48€ and 131.76€, which gives a possible trading interval of +/-1.14€ (+/-0.87%) up or down from last closing price. If Electronic Arts Inc takes out the full calculated possible swing range there will be an estimated 1.75% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 130.68€ (0.05%) than the support at 120.46€ (7.78%), 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?

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.

Current score: 0.824 Hold/Accumulate Unchanged

Predicted Opening Price for Electronic Arts Inc of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.