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Electronic Arts: Under PressureEA has shown notable upward pressure, diverging from our expected downside continuation. Despite the recent strength, our primary scenario remains valid: we still anticipate an extension of the ongoing magenta five-wave decline, with wave (3) expected to break below support at $114.60. The remaining legs of this impulsive sequence should also stay beneath that threshold, ultimately forming the low of the broader green wave . However, if bullish momentum persists and pushes the stock above resistance at $169.82, we will shift to the alternative scenario (40% probability). This path suggests green wave alt. – and by extension, beige wave alt.IV – has already concluded, and that EA is now in the early stages of wave alt.V, a significant new uptrend. 📈 Over 190 precise analyses, clear entry points, and defined Target Zones - that's what we do.
NASDAQ:EA
by MarketIntel
Electronic Arts: Jump!Recently, EA has made a strong upward jump, coming very close to the significant resistance at $169.82. However, the price quickly fell again, providing us with sufficient confirmation to consider the magenta wave (2) as completed. The current wave (3) should extend below the support at $114.60, and the subsequent wave (4) countermovement should also occur below this mark. With the final wave (5) of the magenta downtrend impulse, the larger green wave should then be completed. On the other hand, we see a 40% chance that EA has already completed the green wave alt. at $114.60 and will directly rise above the resistance at $169.82 during the beige wave alt. V .
NASDAQ:EA
by MarketIntel
1
Electronic Arts: Heading DownwardWe assume that EA’s recent high at $169.82 marked the completion of a prominent wave in green. This top stands out because it represents a typical corrective pattern where a seemingly new uptrend is simulated. Unlike a standard B wave, an overshooting B wave can significantly exceed the prior peak – in EA’s case, the last major high of July 2018. We primarily locate the stock in an extended correction, whereby a magenta downward impulse should push the price below the support at $108.62. However, if EA breaks decisively above the $169.82 resistance in the near term, we will switch to our 33% likely alternative scenario and reckon with further rises.
NASDAQ:EA
by MarketIntel
3
Roblox Stock Soars as Metaverse Vision Pays OffRoblox ( NYSE:RBLX ), the youth-centric gaming platform, has sent shockwaves through the market with its latest earnings report, surpassing analyst expectations and painting a promising picture for its future. With a surge in daily active users and robust revenue growth, Roblox ( NYSE:RBLX ) is not just a gaming platform anymore; it's a glimpse into the burgeoning metaverse.* Breaking Down the Numbers In the fourth quarter of 2023, Roblox ( NYSE:RBLX ) reported a loss of 52 cents per share, beating analysts' expectations of a 55-cent loss. But what really caught investors' attention was the staggering $1.13 billion in bookings, surpassing predictions of $1.05 billion. This signifies not only a substantial year-over-year growth from $899 million but also a testament to Roblox's ( NYSE:RBLX ) ability to monetize its expansive virtual ecosystem. Investing in the Metaverse Roblox's ( NYSE:RBLX ) strategic investments in building its version of the metaverse are paying off handsomely. With over 5.5 million immersive experiences ranging from gaming to social gatherings, concerts, sports events, fashion shows, and even educational content, Roblox ( NYSE:RBLX ) has become more than just a gaming platform—it's a virtual universe where creativity knows no bounds. Guidance and Outlook Looking ahead, Roblox ( NYSE:RBLX ) is optimistic about its future prospects. The company expects to generate bookings of $925 million for the current quarter, surpassing Wall Street's target of $903 million. Moreover, its full-year 2024 forecast of $4.21 billion in bookings exceeds analyst expectations of $4.06 billion. This bullish outlook reflects Roblox's ( NYSE:RBLX ) confidence in its ability to continue attracting users and monetizing its platform effectively. CEO's Vision Chief Executive David Baszucki's vision for Roblox ( NYSE:RBLX ) is ambitious yet achievable. With a goal of attracting over 1 billion daily active users, Baszucki emphasizes the importance of fostering a community characterized by optimism and civility. He highlights Roblox's strong network effects, driven by content, social connections, and communication, as well as its investments in immersive experiences, advertising, and artificial intelligence. Market Response Unsurprisingly, Roblox's ( NYSE:RBLX ) stellar performance has been met with a surge in its stock price, jumping 11% to $45.08 in afternoon trades following the earnings report. This surge reflects investors' confidence in Roblox's ability to capitalize on the growing demand for virtual experiences and its position as a leader in the metaverse space. Conclusion Roblox's ( NYSE:RBLX ) latest earnings report showcases its continued growth trajectory and solidifies its position as a key player in the evolving metaverse landscape. With a rapidly expanding user base, innovative experiences, and a visionary leadership team, Roblox is poised for further success in the years to come. As the metaverse continues to capture the imagination of both users and investors alike, Roblox ( NYSE:RBLX ) stands out as a prime example of the limitless possibilities that virtual worlds offer.
NYSE:RBLXLong
by DEXWireNews
Electronic Arts: Take the Plunge! 💪As 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%.
NASDAQ:EA
by MarketIntel
EA Electronic Arts - Still Bullish or Not?Hi guys welcome. Ive been keeping tabs on this after certain observations made me think it was a potential trade and thus am currently in a swing position. This is by no means financial advice. I try to look at the bigger picture in anything i chart keeping a flexable stance. I play both sides of the field and can change my strategy to meet the demands of the trend and to manage risk. * warning- this may be long winded* Analysis was done on the Daily timeframe. I was initially feeling like the 109-112 area was a solid buy zone. The move up past $113 really was adding confidence. However we topped around $114 and soon gave up all our gains. It did make me lose some confidence, since i like to see confident, swift moves in terms of how the candles are shaped. You generally want big green bodies for atleast couple days. We had an average sized candle on March 2nd, then switched to small bodied candles with upper wicks which shows a slow down in momentum and selling pressure. ALso note we got some big bearish candles thursday and friday, we dont want that to continue. That being said, i still believe until proven otherwise that my analysis in my previous ideas for EA is intact. I did have to adjust my downward trend channel a bit, but we are still currently in this. We are also below the red horizontal support line that stems back to April 2020 but we havent really confirmed below it. The bullish divergence seen in the 3 indicators, RSI, MACD and Money Flow is also intact. As you can see, by the white trend lines drawn on the indicators, we still have not broken this pattern. Which gives points to the bullish case. As playing out a bullish divergence, can push up price for decent gains. Just note, i unfortunately don't have a crystal ball and cant say for certain that this plays out. TO protect this we need to stay at these levels moving sideways and or continue our uptrend. Being below the red support line, does make me nervous. What we do have to keep at eye out is Weekly timeframe confirmation below this especially keeping an eye out on the next 2 weeks. Pay attention also to current price action, we are currently testing support again at the lower line of the downward sloping trend channel. I would love to see a bounce off this to gain back confidence. Bigger candle bodies are ideal but at this point anything works as long as it looks like we are consolidating sideways at the very least. Also pay attention to the Bollinger Bands (BB). We are in a tightening range, normally a tightening range indicates the "calm before the storm". Things can pop off to the upside or downside. HOwever for EA, we are actually slightly closed below it, which also worries me. Our next daily candle needs to stay above the lower band of the Bollinger Bands and above the downward trend channel. If we cant, we can also be going down lower. Next support range would be maybe the $102-$98 area indicated by green horizontal line/box. ALso note that our short lived move to 114$ was pushed down by the upper band of BB on MArch 06 as noted by the upper wick of that candle. ALso on friday the 10th of March, we were pushed down by the Orange median line of the BB indicating resistance. I would like to see this move above the Orange line ASAP. We want to avoid candle prints outside of the BB, as it would indicate selling pressure. BB can be a nice tool as price reacts well with the bands. Overall the price action still looks like price consolidation, and if i may be bold here kinda bullish consolidation. Especially if we dont print any crazy bearish confirmations going forward. Price printed a lower low on friday. WHILE indicators hold a higher low. WE have to, have to! hold this pattern. If you see the indicators crash below the trend lines, and wipe out the higher lows, we may continue to sell off and may need indicators to cool off into the oversold areas. Put also special attention on the ADX indicator. Here notice how the red is over the green line but it forming a lower high. This could mean we are losing bearish momentum and maybe moving towards bullish momentum or when green goes over red. Also expect some ADX chop which is basically what i describe (and if you look back at history) when theres multiple overlaps between red & green with low heighted peaks for both colors. Normally happens when massive moves occur to either the upside or downside, in this case downside ofcourse. So pay attention to that as well. So in conclusion: i would say we are still bullish or i am in my opinion expecting a move to the upside until proven otherwise. Next week overall will be important to observe. Watch the current price action interaction with lower border of downward trend channel and the lower band of BB. Hope this helped. Check out my other charts on EA to get the bigger picture. Expect more updates. Please boost, comment and follow for more charts like this. DIsclaimer: This is NOT financial advice. The ideas expressed here are my opinion and for educational purposes. Thank You
NASDAQ:EA
by SafofAllTrades
EA - Bullish UPDATEHey guys. Been keeping my eyes on EA, as im currently trading it. Thought id do another update. Do check out my other charts on EA to see what ive been seeing last couple of weeks. So just a quick update. This is on the daily chart. But it seems to me like we are starting the bullish divergence move to the upside. TOdays daily candle close will give a nicer picture on whats to come. But as of now, 2 hours before closing time -> We have ourselfs a BULLISH ENGULFING CANDLE. This would be amazing to close like this out of the downward sloping channel i have drawn out. Just a heads up we may even test support on the upper trend line of the downward channel i drew. So we still have time to buy positions. Stop loss would be below the lower Red horizontal support line. Around the $108.00 levels. A 5-6% risk is the max im willing to take. SO im looking at the red resistance line above us, as my first target. My next target would be the MACRO .618 fib level (check out my other charts to see the level) AND ill hold a little bit of my bag to see if the GAP we have fills. I will be adding more to my position today and or tomorrow. Hope this helps. PLease comment, boost and follow me for more ideas like this and a place where we I talk TA. Check out my other analysis on EA to get more information. Disclaimer: This is not financial advice. The ideas expressed here are my opinion and a place to express TA to grow my understanding. Always make sure you have your own strategies in place when trading and that you protect yourself with stop losses.
NASDAQ:EALong
by SafofAllTrades
Electronic Arts: Pushing the Right Buttons 🎮Electronic Arts has been pushing the right buttons and has made fine use of our pink trend channel, finishing waves (a) till (e) in violet. Indeed, the course has already made further progress, touching at the support at $109.27. Next, the share should gain even more downwards momentum and drop below this mark to complete wave B in turquoise. Afterwards, we expect Electronic Arts to climb above the resistance at $150.30 to conclude wave C in turquoise as well as wave (B) in red. Subsequently, the course should start a long journey to the south, falling back below $150.30 and below the supports at $109.27 and at $73.91. There, it should enter the green zone between $64.44 and $40.83 to finish wave 2 in green before turning upwards again.
NASDAQ:EA
by MarketIntel
EA - coming alive on 12 hrHi guys, this is an update to my previous idea. This is not financial advice, this is for educational purposes. Im still long on EA and am stillin a position. Ive been looking at lower time frames to see if anything picks up. Target is still the same, the .618 fib retrace and the gap fill. RSI forming a higher high (breaking white trend line) and the yellow MA, making me think the bullish divergence is starting its move. Stoch RSI is also crossed above the 20 level, indicating momentum picking up! Looking for the mACD cross to validate further that momentum is picking up.
NASDAQ:EALong
by SafofAllTrades