Electronic Arts Inc. Stock Forecast

Electronic Arts Inc. stock price up 0.0474% on Friday
(Updated on Jun 14, 2024)

ERT.F 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 126.41€ and 121.62€. 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). 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 Thursday, June 06, 2024, and so far it has fallen -0.0316%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

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

Electronic Arts Inc. finds support from accumulated volume at 120.46€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. 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 0.359%.

Our recommended stop-loss: 122.54€ (-3.28%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 23 days ago.)

Trading Expectations (ERT.F) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Electronic Arts Inc. to open at 126.70€, and during the day (based on 14 day Average True Range), to move between 125.57€ and 127.83€, which gives a possible trading interval of +/-1.13€ (+/-0.89%) up or down from last closing price. If Electronic Arts Inc. takes out the full calculated possible swing range there will be an estimated 1.79% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 126.74€ (0.03%) than the support at 120.46€ (4.93%), 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.

Current score: 3.071 Buy Candidate Unchanged

Predicted Opening Price for Electronic Arts Inc. of Monday, June 17, 2024

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