(Finance) – Brilliant upside for Electronic Artswhich rises dramatically, with a gain of 9.52%.
The Californian video game giant closed the fourth quarter of fiscal year 2022 with net profits up sharply from 76 million dollars, equal to 26 cents per share, to 225 million, (80 cents). THE revenues instead, they rose from 1.35 to 1.83 billion dollars, against the 1.78 billion of the consensus.
The stock analysis performed on a weekly basis highlights the uptrendline of Electronic Arts more pronounced than the trend of Nasdaq 100. This expresses the greater attractiveness of the stock to the market.
New technical evidence classifies a worsening of the situation for Electronic Arts, with potential drops to the most immediate support area seen at USD 115.5. Sudden strengthening would instead undermine the above scenario with a bullish trigger and target on the most immediate resistance identified at 127.6. Expectations for the next session are for a continuation of the downside to the important support positioned at 108.7.