Stocks

Electronic Arts may rise to 154.20 - 157.10

2024-07-29

137.8 is our pivot point.

Our preference

As long as 137.8 is support look for 154.2.

Alternative scenario

Below 137.8, expect 133.1 and 130.3.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 142.3275 and 137.9506).

Supports and resistances

160 **

157.1 *

154.2 **

151.3

145.18 (USD-last)

139.8

137.8 **

133.1 *

130.3 **

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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