The Greedy Trader Weekly Analysis
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Archive
- 10/5/2018
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Activision Blizzard
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Summary:
Weekly :Broken trend resistance line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Activision Blizzard (ATVI). During the week, the ATVI dropped -3.60 points, or -4.33%, and closed at 79.59 on Friday, October 05, 2018. It was the worst weekly loss since August 3, 2018. ATVI was trading at average weekly trading volume.

Long-term trend: [See ATVI long-term trend chart]
A long-term uptrend had started on January 6, 2009 at 8.14 and reached 84.68 on October 1, 2018. ATVI gained -76.54 points, or -940.29%, in 507 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (14.05) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See ATVI medium-term trend chart]
A medium-term uptrend had started on November 15, 2012 at 10.45 and reached 84.68 on October 1, 2018. ATVI gained -74.23 points, or -710.33%, in 306 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 43.64 and resistance is at 86.13. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See ATVI weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since September 14, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See ATVI short-term trend chart]
A short-term downtrend had started on October 1, 2018 at 84.68 and reached 78.66 on October 5, 2018. ATVI lost 6.02 points, or 7.11%, in 4 days. The price is now at the 15.45% retracement level.

Daily Technical Indicators: [See ATVI daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.83
Williams' Percentage Range (W%R) 38.80
Lane's Stochastic (%D-Slow) 51.26
Greed/Fear Indicator (GFI) 55.45
Moving Average Converg./Diverg. (MACD) 2.04
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.98
Williams' Percentage Range (W%R) 26.90
Lane's Stochastic (%D-Slow) 74.65
Greed/Fear Indicator (GFI) 65.39
Moving Average Converg./Diverg. (MACD) 1.98
Trading Signals
Description Value Chart
Monthly Trendline Resistance 86.87
Quarterly Trendline Resistance 86.13
Parabolic System 84.52
Upper Bollinger Band 83.98
Weekly Stochastic Crossing 82.28
Daily Stochastic Crossing 81.35
20 Day Moving Average 80.67
Price 79.59
Lower Bollinger Band 75.90
50 Day Moving Average 75.40
Sector and Industry
Description Name Rank
Sector Technology 5
Industry Multimedia/Graphics Sftwr 47
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 84.68
High Date 10/01/2018
Low 78.66
Low Date 10/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 84.68
High Date 10/01/2018
Low 78.66
Low Date 10/05/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 86.87
Support 48.98
Low 17.73
Low Date 10/15/2014
High 84.68
High Date 10/01/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 86.13
Support 43.64
Low 10.45
Low Date 11/15/2012
High 84.68
High Date 10/01/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 37.05
Support 14.05
Low 8.14
Low Date 01/06/2009
High 84.68
High Date 10/01/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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