Buying EA what do you guys think of buying EA? Looks like the stock market wants to go up. Remember this week EA earnings will be out
EA trade ideas
Intraday, Swing trade setup in Electronic Arts Inc (EA)NASDAQ:EA
Entry: 127.24
Target: 128.85
Stop-loss according to your risk appetite. Not more than 1:1.
Indicators also showing a bullish trend.
Trade will become invalid if the stock goes below $ 125.11 first before the entry level.
🎮 Electronic Arts (EA): Gaming Growth Ahead! 🚀🎮📊 Analysis:
Upcoming Releases: EA is poised for growth with a strong development pipeline, including collaborations with Disney on Marvel games.
Significant Contributors: The return of the college football franchise and Marvel games are anticipated to be key contributors to growth.
Bullish Sentiment: The analysis expresses a bullish sentiment on EA.
Entry Strategy: Consider an entry above the $120.00-$121.00 range.
Upside Target: Potential upside target in the $205.00-$210.00 range.
🌐 Note: Keep an eye on news and developments in the gaming industry that could impact EA's performance.
EA - The Game Is Still On ↗️Hello TradingView Family / Fellow Traders,
This is Richard, also known as theSignalyst.
🗒 As per my last analysis, attached to the chart, EA rejected our purple circle zone and traded higher.
Now, what's next?
📈 For the bulls to remain in control and potentially lead to new all-time highs from a macro perspective, a weekly candle close above $150 is needed.
📉 Meanwhile, the bears can still kick in , potentially retesting the lower bound of the orange channel. Here, we will be looking for short-term trend-following buy setups.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
All Strategies Are Good; If Managed Properly!
~Rich
Breaking out of a bullish flagNASDAQ:EA has broken out of the flag pattern and has lots of upside. I'm looking for ~160 as a price target.
EA: more upside?A price action above 137.00 supports a bullish trend direction.
The target price is set at 146.00 and 152.00.
The stop-loss price is set at 136.00.
Bullish confirmation above 143.00
Remains above its 200-day and-week simple moving averages, supporting a bullish long-term trend.
The insert is the monthly performance over the last couple of years.
May is usually regarded as a strong performance month for the share, with some performance in the period January to March.
Watching to see if we break the up side of a long term triangleNASDAQ:EA The daily chart shows a pennant forming, which has been broken by closing above the top of the pennant @ $140.
In the weekly view (shown here), there's a triangle pattern. Top of the triangle is ~$151 and was established in 2018 and tested in 2021. If the top of the triangle is tested and broken (closing above $151 for the week), then this has a lot of upside.
If $151 is tested and rejected, then we're heading back down to test the lower edge of the triangle.
Good Luck!
Bullish flag with a hot squeezeThis has been in a bullish flag pattern and for the past several days it started showing increased TTM squeeze (red dot). Today, it showed a high level of squeeze (orange dot) all-the-while finishing the day with a bullish hammer along with higher than average volume.
The target for the Bullish flag is ~$160
If the trading tomorrow shows a price increase with significant volume, I'll open a long position
EA Electronic Arts Options Ahead of EarningsEA still in line to reach its March Strike Price:
Now analyzing the options chain and the chart patterns of EA Electronic Arts prior to the earnings report this week,
I would consider purchasing the 143usd strike price at the money Calls with
an expiration date of 2024-2-2,
for a premium of approximately $2.57.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
EA, IS SOMEONE BUYING?Why video gaming companies?
MICROTRANSACTIONS
=
BIG $$$$
Personally, if I was to guess, I'd say APPLE is a great fit.
Either way, someone buying or not, doesn't matter. We follow the technicals and the trends. The cool part is when this thing starts to fall, it has potential to fall pretty hard. Obviously, with this being a weekly chart, that is a decent time away, but it should prep you for any potential "great" news that brings the stock price to all-time highs before potentially crashing and retracing a significant amount of gains.
EA Sports - It's in the game 🏆Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
🗒 EA has been overall bearish from a medium-term perspective trading inside our red channel. However, it is currently approaching the lower long-term blue trendline acting as a non-horizontal support.
Moreover, the zone 110 - 115 is a strong support zone .
📌 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support zone, lower trendline in blue acting as support, and lower trendline in red acting as an oversold area. What I call a TRIO retest!
📉 As per my trading style:
As EA approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
📈📊 #ChartPattern Alert! 📈📊 📈 Falling Wedge 📈📈📊 #ChartPattern Alert! 📈📊
📈 Falling Wedge 📈
📈 What is a Falling Wedge? The Falling Wedge is a bullish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bullish reversal, with the price likely to break upward after the wedge pattern.
📈 How to Identify:
Draw a trendline connecting at least two higher highs (upper trendline).
Draw another trendline connecting at least two higher lows (lower trendline).
📈 What it Signals: The Falling Wedge suggests a potential bullish reversal, with buyers gaining strength as the price reaches higher lows within the wedge. It often forms during downtrends and can precede a significant price move to the upside.
📈 Trade Strategy:
Consider buying when the price breaks above the upper trendline of the Falling Wedge.
Set profit targets based on the pattern's height added to the breakout point.
Implement a stop-loss to manage risk in case of a false breakout.
Remember to validate your analysis with other technical indicators and conduct thorough research before making any trading decisions. Happy charting and trading! 📈💹
EA Electronic Arts Options Ahead of EarningsAnalyzing the options chain and the chart patterns of EA Electronic Arts prior to the earnings report this week,
I would consider purchasing the 150usd strike price Calls with
an expiration date of 2024-3-15,
for a premium of approximately $6.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Electronic Arts (EA:NASDAQ) Primed for SuccessIntroduction:
Electronic Arts (EA) is poised to excel in the gaming industry by capitalizing on its innovative 'games as a platform' strategy. The company's robust financial performance and impressive growth track record position it as a frontrunner in the market.
Consistent Revenue Growth and Financial Strength:
Over the past decade, EA has demonstrated consistent revenue and cash flow growth, outpacing its key competitors. With a compounded annual growth rate of 7.6%, the company has consistently delivered strong financial results. This steady growth trajectory showcases EA's ability to navigate the dynamic gaming landscape and capture market opportunities effectively.
'Games as a Platform' Strategy:
EA's 'games as a platform' strategy sets it apart in the industry. By focusing on creating engaging and evolving gaming experiences, EA fosters long-term player engagement and revenue streams. This approach emphasizes ongoing content updates, in-game purchases, and community engagement, enabling the company to extend the lifespan and profitability of its games beyond the initial release.
Strong Balance Sheet and Diverse Game Portfolio:
EA boasts a robust balance sheet, providing a solid foundation for future growth initiatives. The company's diverse portfolio of games across various genres and platforms ensures a wide reach and caters to a broad player base. This diversity mitigates risks associated with relying heavily on a single game title and enables EA to capture different segments of the gaming market.
Investment in Mobile Gaming and Creator Tools:
EA's strategic investments in mobile gaming and creator tools contribute to its long-term growth prospects. With the rapid rise of mobile gaming, EA recognizes the potential in this sector and is actively expanding its presence to capture the growing mobile gaming audience. Additionally, the company's investment in creator tools aims to empower players to express their creativity within EA's gaming ecosystem, fostering deeper engagement and player loyalty.
Conclusion:
Electronic Arts stands out as a leader in the gaming industry, expected to outperform its competitors. The company's 'games as a platform' strategy, combined with its consistent financial performance and growth track record, positions it for continued success. With a strong balance sheet, diverse game portfolio, and strategic investments in mobile gaming and creator tools, EA is well-positioned to drive long-term growth. Investors should closely monitor EA's performance and consider the company's potential for sustained success in the dynamic gaming market.
This content is provided for general information purposes only and is not to be taken as investment advice nor as a recommendation for any security, investment strategy or investment account.
EACommunication Sector
Bullish Factors:
Solid Conso
Increasing buying power in MACD and crossed
low ATR
breakout and testing previous support
above 20 100 200 MA and trending up
* breakout volume not that huge
Electronic Arts: Take the Plunge! 💪As it has finished wave (B) in red, Electronic Arts should take the plunge and jump below the support at $108.53 to dive into the green zone between $119.33 and $113.17. There, the share should complete wave (C) in red as well as wave 2 in green before turning upwards again. However, Electronic Arts might also decide to develop a new top of wave alt.1 in green above the resistance at $132.87 first. We rate this alternative route with a probability of 37%.
Ea consildation breakoutSupport levels have been chosen as per a 12 month downtrend. Most lkely to see the new change in an upwars trend. After all, electricty runs everywhere. Just the matter of redirecting it the right way. 😉
EA longBullish on EA!
If Electronic Arts can maintain the $125 support level, there's potential for a mid-term rise to the range of $130-$135. Exciting news on the horizon as they announce the new EA FC in July, with July 12 possibly generating a positive effect.
Electronic Arts (EA) bouncing out of losses of Q1Shares in Electronic Arts, Inc. (symbol ‘EA’) managed to recuperate its losses , which shot up to 13% in the first quarter, and is currently sitting on a small profit percentage of around 1%. The company is expected to report its earnings for the fiscal quarter ending March 2023 on Tuesday 9th of May, after market close. The consensus EPS is $0,89 compared to the result for the same quarter last year of $0.82.
‘ The latest reading of the financial image of the company shows the current ratio at 118% indicating that the company can withstand minor setbacks by having the ability to repay its short term liabilities with the current assets in possession. The balance sheet of the gaming giant is also strong with total assets outweighing the liabilities by 2:1 showing a financially healthy company and consists of an attractive addition to investors portfolio.‘’ said Antreas Themistokleous, an analyst at Exness.
On the technical side the price has been trading in an aggressive bullish rally for more than a month with a minor correction occurring in late April. Currently it is trading at a strong technical support area on the daily chart which consists of the 23.6% of the daily Fibonacci retracement level and the lower band of the Bollinger bands.
The Stochastic oscillator is in the extreme oversold area indicating a correction to the upside might be possible in the coming sessions while the 50 day moving average is on the move to cross above the 100 day moving average.
EAEA looks like selling lets see if we can have some gap fill.................. Not an investment advice
EA - UPDATE/ TARGET REACHEDHi guys, updating my TA Electronic Arts Series. I've followed EA since the $108 - 112 range, as i noticed it to be a solid swing opportunity. I will be exiting MAJORITY of my positions on this trade, as it exceeded my expectations.
This analysis is done on the DAILY timeframe.
PRICE ACTION:
As you can see we have filled most of the gap i mentioned in my previous charts. WE are now nearing the top of this down sloping Resistance Line (red line) that has been intact since June 2022.
In my opinion, this will act as resistance and be a major test area.
Price action has also exceeded my expectations as we have currently broke above this trend line titled in yellow that should of acted as resistance. So im being cautious here, as this could either be a downtrend fake out or our current price move up can also be a fakeout especially on higher timeframes perhaps.
I would also pay attention to the size of the upcoming candles especially today and tomorrow. If they small sized bodies, that could be an indicator of a short term trend change to downside.
My target for this move is between $126 and $130. $130 being less likely. A more likely scenario can also be the top of the green box at around $128.
There is always opportunities to trade, so in my opinion this area is good enough for me to sell.
Just hypothetically also, some potential setups in the future for EA could be:
1. If we break the red trend line and confirm above it and have it act as support. ( which is currently less likely in the short term)
2. If price comes back down to test some of the lines drawn below price action. ( maybe more probable)
ALso note that the recent price drop from $129 to $108, people would have centive to sell to cut losses and take profits now if you think in a psycology point of view.
INDICATORS:
All indicators shown are at overbought levels and showing such patterns.
RSI
Is at overbought levels not seen since December 2020. I always base my decisions to sell on this indicator. If i see it above the 70 level, my sell mode mind turns on and i get ready.
STOCH RSI
This indicator also is at overbought area which is indicated by being bove the dashed line or the 80 level. How i use this indicator is i look for a BEARISH cross, which is when its pointed down and the orange line is on top of the blue. Also when it moves below the 80 level, that confirms for me that the momentum is becoming bearish.
WAVETREND OSCILLATOR
The green line has crossed above the red lines indicating overbought area which supports the other 2 indicators, making me think about potentially shorting.
CONCLUSION:
For the short term i beleive we are reaching a critical area, where potentially would be a solid area to TAKE PROFITS in my opinion. Price action is reaching strong resistance and is close to filling a gap. Indicators are in overbought areas which further supports the probabilty of a short term pull back.
Ultimately, we also need to pay attention to the larger timeframes and the bigger picture to see if its possible for EA to break above this downward trend to continue its bullish-nessor if its a fakeout. Stay tuned for that analysis.
HOPE THIS HELPED> Please boost, follow and comment. Let me know if you agree or disagree and why you do so!
DISCLAIMER: The ideas expressed in this analysis are by no means financial advise. I am not a financial adviser. It is just my opinion and for educational purpose.
