VOLUME
Sell
TREND
Hold
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

ATVI Forecast and Technical Stock Analysis

Sell candidate since 2019-07-18 Loss -1.27%

Activision Blizzard fell by -1.27% in the last day ( Friday, 19th Jul 2019 ) from $45.72 to $45.14 and has now fallen 5 days in a row. During day the stock fluctuated 2.26% from a day low at $45.09 to a day high of $46.11. The price has fallen in 7 of the last 10 days and is down by -6.25% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -2.31 million shares and in total 5.36 million shares bought and sold for approximately $241.84 million.

Quick summary:

  • 30 day high of the ATVI stock price was $48.82 and low was $44.59.
  • 90 day high was $49.83 and low was $41.84.
  • 52 week high for the Activision Blizzard - $84.68 and low - $39.85.
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Trend

Activision Blizzard is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend you can expect Activision Blizzard with 90% probability to be traded between $42.65 and $50.13 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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Signals

There are few to none technical positive signals at the moment. Activision Blizzard holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $46.68 and $46.11. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday July 15, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

A buy signal from a double bottom formation was found on Tuesday July 09, 2019 and based on theory for this formation the price should go up by 2.86% to $49.06 within 9 trading days since signal was issued (Monday July 22, 2019).

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 37 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

Activision Blizzard finds support from accumulated volume at $43.61.

Support: $43.61 Price: $45.14 Resistance: $47.15

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.02 (2.26%) between high and low. For the last week, the stock has had a daily average volatility of 2.12%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

2.12 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Downgraded

Evaluation

Activision Blizzard holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Stronger Sell Today ATVI ranks #5035 as SELL CANDIDATE #5035 Weaker Sell

Will ATVI stock price go up or down on Mon, 22 Jul 2019?

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