EA pushes through 20-day moving average


Electronic Arts (EA) Technical Analysis Report for Apr 16, 2018 [< 1 min read]
Highlights
EA pushes through 20-day moving average
EA pushes through previous session high
EA rises to highest close since March 26th
TQ Sentiment
Report Sentiment: 60% Bullish
Technical Forecast:
Overview

EA finished Monday at 122.19 gaining $1.66 (1.38%) on low volume. Today's closing price of 122.19 marks the highest close since March 26th. Closing above Friday's high at 122.01, the stock confirms its breakout through the prior session's high having traded $0.78 above it intraday.

Daily chart for EA
Volatility

Monday's trading range was $1.51 (1.24%), that's far below last trading month's daily average range of $3.36. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly below average.

Support/Resistance

Prices are trading close to a key support level at 121.25. Prices are trading close to the key resistance level at 123.74.

Trend

The market shows strength in the short-term supported by its long-term uptrend with only the medium-term trend being bearish. The share managed to break above the 20-day moving average at 121.49 today for the first time since March 26th.

Conclusion

While classical technical analysis indicates a slightly bullish sentiment for the next trading day, our quantitative statistics show a different picture being bearish.

Market Conditions for Electronic Arts
ConditionForecastDirectionWinAvgWorstBestEvents
Bearish Intraday Reversal TQ Pro Members Only
Close to Swing Low TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Close to Swing High TQ Pro Members Only
Bounced off Technical Support S1 TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

EA finds buyers at key support level

Jul 19, 2018
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