The Greedy Trader Weekly Analysis
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Weekly W%R:> 80
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Williams' Percentage Range (W%R)

Williams' %R is an effective momentum indicator that measures overbought/oversold levels. Like other indicators, W%R ranges between 0% and 100% , but in opposite to the other indicators, the 0% indicating overbought and 100% - the oversold stocks. W%R measures the closing price in relation to the recent low/high range. A bullish signal is generated when the W%R has reached 100, five time bars have elapsed, and the W%R has subsequently fallen to 95. A reverse signal is considered as bearish. For the sake of simplicity, the W%R closed above 10% is considered bearish and below 90% - bullish. In trending markets, the W%R stays at one end of the scale and gives false signals to trade against the trend. That is why W%R is not considered a stand-along technique, and it is essential to use it with some sort of trend formation indicators. The divergence between price and W%R rarely occurs and presents an important buy/sell signal. As our research shows, the W%R move to upper or lower bounds can be used as an earliest signal of an impending reversal. Using the Williams %R bullish divergence/bearish divergence, chart patterns, trendlines, support, and resistance lines along with the W%R chart can be very useful.

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- 4/19/2024 -
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Electronic Arts (EA) Technical Analysis

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Summary:
Weekly :Oversold industryWilliams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal lineTrend support at 126.67
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal lineA Parabolic SAR indicator is below and near the price
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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 26.53
Williams' Percentage Range (W%R) 88.80
Oversold
Lane's Stochastic (%D-Slow) 10.26
Oversold
Greed/Fear Indicator (GFI) 16.01
Oversold
Moving Average Converg./Diverg. (MACD) -2.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.91
Williams' Percentage Range (W%R) 95.20
Strong Oversold
Lane's Stochastic (%D-Slow) 9.20
Strong Oversold
Greed/Fear Indicator (GFI) 18.69
Oversold
Moving Average Converg./Diverg. (MACD) 1.86
Trading Signals
Description Value Chart
Yearly Trendline Resistance 149.07
Quarterly Trendline Resistance 145.79
50 Day Moving Average 134.84
Upper Bollinger Band 134.30
20 Day Moving Average 129.77
Monthly Trendline Resistance 128.74
Parabolic System 127.78
Price 127.27
Weekly Stochastic Crossing 126.89
Quarterly Trendline Support 126.67
Daily Stochastic Crossing 125.68
Lower Bollinger Band 125.23
Monthly Trendline Support 124.62
Yearly Trendline Support 117.62
Sector and Industry
Description Name Rank
Sector Communication Services 4
Industry Interactive Home Entertainment 4
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 125.11
Low Date 04/18/2024
High 127.46
High Date 04/19/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 131.64
High Date 04/09/2024
Low 125.11
Low Date 04/18/2024
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 128.74
Support 124.62
High 144.53
High Date 02/15/2024
Low 125.11
Low Date 04/18/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Support
Resistance 145.79
Support 126.67
Low 108.53
Low Date 03/13/2023
High 144.53
High Date 02/15/2024
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Valid
Resistance 149.07
Support 117.62
High 151.26
High Date 07/13/2018
Low 73.91
Low Date 12/26/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.