$EA Going to tank within the next 6-18 monthsAsAs I continue to study the market, I can't help but notice so many stocks are in outrageous ATH Levels, in such a way that I can't help but believe the market will undergo a Price Correction that will in fact catch many off guard. Who am I to say though? Just an average man with an average brain. As far as levels, If we cannot hold above May Highs, Price should retreat to below May Lows. This could be a once in a lifetime opportunity to grab long puts , Leap puts are extremely safe here imo. Good Luck.
EA trade ideas
๐ฎ Electronic Arts (EA): Gaming Growth Ahead! ๐๐ฎ๐ 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.
๐ Note: Keep an eye on news and developments in the gaming industry that could impact EA's performance.
EA - The Game Is Still On โ๏ธHello TradingView Family / Fellow Traders,
This is Richard, also known as theSignalyst.
๐ As per my last analysis, attached to the chart, EA rejected our purple circle zone and traded higher.
Now, what's next?
๐ 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.
๐ 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.
๐ Always follow your trading plan regarding entry, risk management, and trade management.
All Strategies Are Good; If Managed Properly!
~Rich
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 ๐Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
๐ 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 .
๐ 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!
๐ 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
๐๐ #ChartPattern Alert! ๐๐ ๐ Falling Wedge ๐๐๐ #ChartPattern Alert! ๐๐
๐ Falling Wedge ๐
๐ 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.
๐ 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).
๐ 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.
๐ 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! ๐๐น
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.
Electronic Arts: Take the Plunge! ๐ชAs 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%.
Electronic Arts (EA) bouncing out of losses of Q1Shares in Electronic Arts, Inc. (symbol โEAโ) 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.
โ 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.โโ 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.