To The Moon

$Electronic Arts(EA)$ 

Electronic Arts Inc.'s earnings and revenue from the prior year were previously incorrect. They have been updated.

Electronic Arts Inc. disappointed investors with its holiday sales and earnings Tuesday, and executives moved a big game launch to next fiscal year, leading to a forecast that is drastically less than Wall Street expected.

EA $(EA)$ shares dove more than 10% after hours as the videogame publisher missed on every important metric for its holiday earnings and the forecast for its final fiscal quarter of the year. In statements, executives sounded as if cuts were taken to compensate for the miss.

The Electronic Arts Inc. stock price fell by -0.240% on the last day (Tuesday, 31st Jan 2023) from $128.99 to $128.68. During the last trading day the stock fluctuated 1.25% from a day low at $128.38 to a day high of $129.99. The price has risen in 8 of the last 10 days and is up by 4.03% over the past 2 weeks. Volume has increased on the last day by 8 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $315.75 million.

The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $129.18 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.62% during the next 3 months and, with a 90% probability hold a price between $113.53 and $124.50 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

EA Signals & Forecast

The Electronic Arts Inc. stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $128.31 and $124.38. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, January 26, 2023, and so far it has fallen -0.356%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.