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Interactive Home Entertainment Industry Stocks Technical Analysis - EAArchive - 4/19/2024 - Sign In to see current Signals. |
Electronic Arts (EA) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Electronic Arts (EA). During the week, the EA gave back -0.62 points, or -0.48%, and closed at 127.27 on Friday, April 19, 2024. Weekly volume was -18% below average. EA is a member of Interactive Home Entertainment Industry. Interactive Home Entertainment is the fourth most oversold industry. 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 July 13, 2018 at 151.26 and reached 73.91 on December 26, 2018. EA lost 77.35 points, or 51.14%, in 23 weeks. The chart has formed a Ascending Triangle chart pattern. The trend support level is at 117.62 and resistance is at 149.07. An Ascending Triangle is a variation of triangle formation that has a flat resistance line and rising support line. The higher lows indicate an increasing demand and give the ascending triangle definitive bullish bias. An Ascending Triangle usually represents an accumulation stage in bullish market. An Ascending Triangle is considered to be a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Use the following link to access a Ascending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Ascending Triangle pattern in a long-term trend. Medium-term trend: [See EA medium-term trend chart] A medium-term uptrend had started on March 13, 2023 at 108.53 and reached 144.53 on February 15, 2024. EA gained -36.00 points, or -33.17%, in 48 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (126.67) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend. Weekly Technical Indicators: [See EA weekly technical indicators chart] Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help. The weekly MACD line is below its signal line since March 1, 2024. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help. Short-term trend: [See EA short-term trend chart] A short-term downtrend had started on April 9, 2024 at 131.64 and reached 125.11 on April 18, 2024. EA lost 6.53 points, or 4.96%, in 9 days. The price is now at the 33.08% retracement level. Daily Technical Indicators: [See EA daily technical indicators chart] Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. The daily MACD line is below its signal line since April 3, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger. A Parabolic SAR (stop and reversal) indicator (127.78) comes close to the price (127.27). It indicates that the trend is getting weaker. 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.
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