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Electronic Arts (EA) |
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the Electronic Arts (EA). During the week, the EA gained 4.16 points, or 3.81%, and closed at 113.35 on Friday, March 17, 2023. It was the best weekly gain since October 21, 2022. Weekly volume was 13% above average.
EA is a member of Communication Services Sector. Communication Services is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See EA long-term trend chart]
A long-term downtrend had started on January 25, 2021 at 150.30 and reached 108.53 on March 13, 2023. EA lost 41.77 points, or 27.79%, in 111 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 96.32 and resistance is at 138.48. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
Medium-term trend: [See EA medium-term trend chart]
A medium-term downtrend had started on November 7, 2022 at 133.40 and reached 108.53 on March 13, 2023. EA lost 24.87 points, or 18.64%, in 18 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 107.64 and resistance is at 128.82. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See EA weekly technical indicators chart]
Weekly Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since January 27, 2023. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See EA short-term trend chart]
A short-term uptrend had started on March 13, 2023 at 108.53 and reached 114.00 on March 17, 2023. EA gained -5.47 points, or -5.04%, in 4 days. The price is now at the 11.88% retracement level.
 Daily Technical Indicators: [See EA daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since February 27, 2023. This is an indication that the short-term trend is up.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (4.23%) is close to one year low (3.96%). It is 61.74% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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