How the price action of Electronic Arts ($EA) is used to our Advantage
October 03, 2023, 00:45 am ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for EA
- Buy EA slightly over 116.39 target 124.45 stop loss @ 116.05 Details
The technical summary data tells us to buy EA near 116.39 with an upside target of 124.45. This data also tells us to set a stop loss @ 116.05 to protect against excessive loss in case the stock begins to move against the trade. 116.39 is the first level of support below 120.15 , and by rule, any test of support is a buy signal. In this case, support 116.39 would be being tested, so a buy signal would exist.
- Short EA slightly under 124.45, target 116.39, stop loss @ 124.81 Details
The technical summary data is suggesting a short of EA as it gets near 124.45 with a downside target of 116.39. We should have a stop loss in place at 124.81though. 124.45 is the first level of resistance above 120.15, and by rule, any test of resistance is a short signal. In this case, if resistance 124.45 is being tested, so a short signal would exist.
Swing Trading Plans for EA
- Buy EA slightly over 124.45, target 133.22, Stop Loss @ 124.09 Details
If 124.45 begins to break higher, the technical summary data tells us to buy EA just slightly over 124.45, with an upside target of 133.22. The data also tells us to set a stop loss @ 124.09 in case the stock turns against the trade. 124.45 is the first level of resistance above 120.15, and by rule, any break above resistance is a buy signal. In this case, 124.45, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short EA slightly near 124.45, target 120.10, Stop Loss @ 124.81. Details
The technical summary data is suggesting a short of EA if it tests 124.45 with a downside target of 120.10. We should have a stop loss in place at 124.81 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 124.45, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for EA
- Buy EA slightly over 121.05, target 124.45, Stop Loss @ 120.77 Details
If 121.05 begins to break higher, the technical summary data tells us to buy EA just slightly over 121.05, with an upside target of 124.45. The data also tells us to set a stop loss @ 120.77 in case the stock turns against the trade. 121.05 is the first level of resistance above 120.15, and by rule, any break above resistance is a buy signal. In this case, 121.05, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short EA slightly near 121.05, target 120.10, Stop Loss @ 121.33. Details
The technical summary data is suggesting a short of EA if it tests 121.05 with a downside target of 120.10. We should have a stop loss in place at 121.33 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 121.05, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Electronic Arts (EA) available here: EA.
EA Ratings for October 03:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
116.39 |
| P2 |
119.66 |
117.86 |
124.45 |
| P3 |
121.05 |
120.10 |
133.22 |
AI Generated Signals for EA
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Electronic Arts (NYSE: EA) data table below can help you with price action, and we have more details too. Trading plans for EA are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for EA:
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