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Advanced TA SearchArchive - 3/15/2024 - 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 -0.88 points, or -0.65%, and closed at 134.27 on Friday, March 15, 2024. Weekly volume was 32% above average. 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 116.83 and resistance is at 149.11. 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 downtrend had started on February 15, 2024 at 144.53 and reached 133.68 on March 15, 2024. EA lost 10.85 points, or 7.51%, in 4 weeks. The price is now at the 5.44% retracement level. Weekly Technical Indicators: [See EA weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is below its signal line since March 1, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 March 13, 2024 at 138.07 and reached 133.68 on March 15, 2024. EA lost 4.39 points, or 3.18%, in 2 days. The price is now at the 13.44% retracement level. Daily Technical Indicators: [See EA daily technical indicators chart] Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 daily MACD line is below its signal line since February 27, 2024. This is an indication that the short-term trend is down.
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