News Image


By Mill Chart

Last update: May 25, 2023

A possible breakout setup was detected on ELECTRONIC ARTS INC (NASDAQ:EA) by our stockscreener. A breakout pattern is formed when a stock consolidates after a strong rise up. We note that this pattern is detected purely based on technical analysis and whether the breakout actually materializes remains to be seen. It could be interesting to keep an eye on NASDAQ:EA.

EA Daily chart on 2023-05-25

Technical analysis of NASDAQ:EA

ChartMill assigns a proprietary Technical Rating to each stock. The score is computed daily by evaluating various technical indicators and properties. The score ranges from 0 to 10.

We assign a technical rating of 7 out of 10 to EA. Although EA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

  • The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
  • EA is part of the Entertainment industry. There are 85 other stocks in this industry. EA outperforms 74% of them.
  • When comparing the yearly performance of all stocks, we notice that EA is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
  • EA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EA is lagging the market slightly.
  • In the last month EA has a been trading in a tight range between 122.93 and 129.50.

How does the Setup look for NASDAQ:EA

ChartMill also assign a Setup Rating to every stock. With this score it is determined to what extend the stock has been trading in a range in the recent days and weeks. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. NASDAQ:EA scores a 8 out of 10:

EA has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 125.56. Right above this resistance zone may be a good entry point.

How can NASDAQ:EA be traded?

For a potential trade one would typically wait until the stock breaks out of the consolidation zone to enter the stock and it could be sold again for a loss when it would fall back below the zone.

This article should in no way be interpreted as trading advice. You should always make your own analysis and trade or not trade based on your own observations and style. The article is based purely on some technical observations.

Every day, new breakout setups can be found on ChartMill in our Breakout analyzer.



NASDAQ:EA (5/24/2023, 7:00:01 PM)

After market: 125.4 0 (0%)


+0.11 (+0.09%)

EA News

News Image6 minutes ago - ChartmillWill ELECTRONIC ARTS INC breakout?
News Image5 days ago - Seeking AlphaVideogame sales fall again in April despite more console gains (NASDAQ:EA)

U.S. videogame sales fell year-over-year for the second straight month in April, as a broad content decline more than offset more gains in console sales.Overall sales dipped 5% to...

News Image7 days ago - MarketBeatIt’s Time To Take Another Bite Of Take-Two Interactive

Take-Two Interactive is moving higher on solid results, and the expectation is that a robust pipeline will equate to industry-leading results in 2024.

News Image8 days ago - Investor's Business DailyVideo Game Publisher Take-Two Posts Mixed Results, Guides Lower For Year Ahead

Take-Two Interactive Software delivered mixed results for its fiscal fourth quarter and guided lower for the year ahead. TTWO stock wavered.

News Image9 days ago - Seeking AlphaSaudi Arabia sovereign fund takes stake in Bloom Energy, ups positions in EA, Sea

Saudi Arabia's sovereign wealth fund took a stake in solid-oxide fuel cells maker Bloom Energy (BE) in Q1 2023. Read more on the fund's moves here.

News Image10 days ago - Yahoo FinanceAmazon, Embracer strike deal to make 'Lord of the Rings' video game

The game, which is in the early stages of development, will be set in Middle-earth, featuring stories of "The Hobbit" and "The Lord of the Rings" literary trilogy written by J.R.R. Tolkien, according to the companies. The popularity for MMO titles that support a large number of players simultaneously surged during the COVID-19 pandemic, and has stayed strong.

News Image10 days ago - The Motley Fool3 Stocks to Avoid This Week

These investments seem pretty vulnerable right now.

News Image13 days ago - BusinessInsiderBenzinga's Top Ratings Upgrades, Downgrades For May 12, 2023

News Image13 days ago - MarketBeatAn Updraft Is Brewing For DraftKings

DraftKings is in an updraft driven by the analysts and supported by results and increased guidance that may be too cautious.

EA Links
Follow us for more