Electronic Arts Inc. Stock Forecast
Electronic Arts Inc. stock downgraded to Buy Candidate
(Updated on Jun 25, 2024)
The Electronic Arts Inc. stock price fell by -0.88% on the last day (Tuesday, 25th Jun 2024) from 131.84€ to 130.68€. During the last trading day the stock fluctuated 0.674% from a day low at 130.64€ to a day high of 131.52€. The price has risen in 7 of the last 10 days and is up by 3.5% over the past 2 weeks. Volume has increased on the last day by 30 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 41 shares were bought and sold for approximately 5.36€ thousand.
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 131.98€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 6.95% during the next 3 months and, with a 90% probability hold a price between 128.93€ and 141.15€ at the end of this 3-month period.
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ERT.F Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -0.88%. 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). Electronic Arts Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. 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 129.09€ and 123.47€. A breakdown below any of these levels will issue sell signals.
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€.
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 0.88€ (0.674%) between high and low. For the last week, the stock has had daily average volatility of 0.466%.
Our recommended stop-loss: 127.16€ (-2.70%) (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.F) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Electronic Arts Inc. to open at 130.95€, and during the day (based on 14 day Average True Range), to move between 129.50€ and 131.86€, which gives a possible trading interval of +/-1.18€ (+/-0.90%) up or down from last closing price. If Electronic Arts Inc. takes out the full calculated possible swing range there will be an estimated 1.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 131.84€ (0.89%) than the support at 120.46€ (7.82%), 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 1.823 Buy Candidate Downgraded
Predicted Opening Price for Electronic Arts Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 130.95€ ( 0.204%) | 130.68€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ERT.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 131.83 | 0.88% |
| R2 | 131.49 | 0.620% |
| R1 | 131.28 | 0.461% |
| Price | 130.68 | |
| S1 | 130.61 | -0.0532% |
| S2 | 130.40 | -0.212% |
| S3 | 130.07 | -0.469% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 131.84 | 0.89% |
| Price | 130.68 | |
| S1 | 120.46 | -7.82% |
| S2 | 120.40 | -7.87% |
| S3 | 120.00 | -8.17% |
ERT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 29, 2024 | May 29, 2024 | Jun 19, 2024 | 0.177€ | 0% |
| 2 | Feb 27, 2024 | Feb 27, 2024 | Mar 20, 2024 | 0.175€ | 0% |
| 3 | Nov 28, 2023 | Nov 28, 2023 | Dec 20, 2023 | 0.190€ | 0% |
| 4 | Aug 29, 2023 | Aug 29, 2023 | Aug 29, 2023 | 0.190€ | 0% |
| 5 | May 30, 2023 | May 30, 2023 | May 30, 2023 | 0.190€ | 0% |
FAQ
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