Activision Blizzard Stock Analysis
Technical stock analysis for 18 January 2019
|Cash||4 713.0 mill|
Activision Blizzard gained 2.68% in the last trading day, rising from $47.38 to $48.65 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 8 of the last 10 days and is up by 3.14% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 2.75 million more shares were traded than the day before. In total, 10.54 million shares bought and sold for approximately $512.84 million.
Close price at the end of the last trading day (Friday, 18th Jan 2019) of the ATVI stock was $48.65. This is 2.68% more than the trading day before Thursday, 17th Jan 2019.
During day the stock fluctuated 3.09% from a day low at $47.84 to a day high of $49.32.
30 day high of the ATVI stock price was $51.49 and low was $43.71.
90 day high was $70.95 and low was $43.71.
52 week high for the Activision Blizzard - $84.68 and low - $43.71.
Activision Blizzard lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $49.25 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -32.34% during the next 3 months and, with 90% probability hold a price between $22.80 and $33.32 at the end of this period.
Only positive signals in the chart today. Activision Blizzard holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $47.88 and $47.75. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday January 11, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 56 and the stock is currently not being overbought or oversold
Support & Resistance
Activision Blizzard finds support from accumulated volume at $46.60.
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 $1.48 (3.09%) between high and low. For the last week, the stock has had a daily average volatility of 3.16%.
Our recommended stoploss: $46.25 (-4.94%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 5 days ago.)
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Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.
|ATVI $48.65 $1.27(2.68%)|
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