The Greedy Trader Weekly Analysis
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Archive
- 8/10/2018
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Activision Blizzard
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Summary:
Weekly :Weekly  MACD line has moved below its signal lineBroken trend resistance lineBroken trend resistance line
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldStochastic has raised above the signal lineBroken trend support lineThe period of high volatility of the stock price
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It was the negative week for the Activision Blizzard (ATVI). During the week, the ATVI gave back -0.71 points, or -1.00%, and closed at 70.61 on Friday, August 10, 2018. Weekly volume was 14% above average.

Long-term trend: [See ATVI long-term trend chart]
A long-term uptrend had started on January 6, 2009 at 8.14 and reached 81.64 on July 13, 2018. ATVI gained -73.50 points, or -902.95%, in 496 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (13.97) 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 81.64 on July 13, 2018. ATVI gained -71.19 points, or -681.24%, in 295 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (42.72) 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 medium-term trend.

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

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See ATVI short-term trend chart]
A short-term uptrend had started on April 4, 2018 at 63.52 and reached 81.64 on July 13, 2018. ATVI gained -18.12 points, or -28.53%, in 100 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (79.18) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ATVI may retest the broken support line. It is considered to be a resistance line now. 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 support in a short-term trend.

Daily Technical Indicators: [See ATVI daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is below its signal line since July 23, 2018. The distance between MACD and the signal line is relatively high, but getting smaller.

The distance between the Bollinger Bands is 122.26% higher then one year average. It indicates the period of high volatility of the stock price. 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.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 20.93
Williams' Percentage Range (W%R) 93.30
Strong Oversold
Lane's Stochastic (%D-Slow) 11.20
Oversold
Greed/Fear Indicator (GFI) 12.95
Oversold
Moving Average Converg./Diverg. (MACD) -1.11
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.45
Williams' Percentage Range (W%R) 63.70
Lane's Stochastic (%D-Slow) 55.64
Greed/Fear Indicator (GFI) 47.41
Moving Average Converg./Diverg. (MACD) 2.57
Trading Signals
Description Value Chart
Weekly Trendline Resistance 84.03
Upper Bollinger Band 82.26
Weekly Trendline Support 79.18
50 Day Moving Average 75.90
20 Day Moving Average 75.49
Weekly Stochastic Crossing 75.14
Parabolic System 72.49
Price 70.61
Daily Stochastic Crossing 70.09
Lower Bollinger Band 65.67
Quarterly Trendline Resistance 64.93
Sector and Industry
Description Name Rank
Sector Technology 6
Industry Multimedia/Graphics Sftwr 52
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 81.64
High Date 07/13/2018
Low 69.27
Low Date 08/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 84.03
Support 79.18
Low 63.52
Low Date 04/04/2018
High 81.64
High Date 07/13/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.73
Low Date 10/15/2014
High 81.64
High Date 07/13/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 64.93
Support 42.72
Low 10.45
Low Date 11/15/2012
High 81.64
High Date 07/13/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 36.56
Support 13.97
Low 8.14
Low Date 01/06/2009
High 81.64
High Date 07/13/2018
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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