The Greedy Trader Weekly Analysis
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Archive
- 1/11/2019
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Activision Blizzard
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Summary:
Weekly :Broken trend resistance lineLane's Stochastic oversoldRelative Strength Index and Williams' Percentage Range are strongly oversold
Daily :The price has fallen below the Parabolic SARTrend support at 46.55
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It was the negative week for the Activision Blizzard (ATVI). During the week, the ATVI dropped -0.63 points, or -1.34%, and closed at 46.54 on Friday, January 11, 2019. Weekly volume was 96% above average.

Long-term trend: [See ATVI long-term trend chart]
A long-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 price is now at the 51.38% retracement level.

Medium-term trend: [See ATVI medium-term trend chart]
A medium-term downtrend had started on October 1, 2018 at 84.68 and reached 43.71 on December 26, 2018. ATVI lost 40.97 points, or 48.38%, in 12 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (42.22) is broken. A broken support is considered to be a long-term bullish signal. 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 Lane's Stochastic is oversold while Relative Strength Index and Williams' Percentage Range are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Relative Strength Index and Williams' Percentage Range. 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since October 12, 2018. This is an indication that the medium-term trend is down. 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 December 26, 2018 at 43.71 and reached 51.49 on January 10, 2019. ATVI gained -7.78 points, or -17.80%, in 15 days. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (46.55) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a short-term trend.

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

The daily MACD line is above its signal line since November 27, 2018. This is an indication that the short-term trend is up.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.69
Williams' Percentage Range (W%R) 65.70
Lane's Stochastic (%D-Slow) 78.42
Greed/Fear Indicator (GFI) 53.81
Moving Average Converg./Diverg. (MACD) -1.44
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 5.37
Strong Oversold
Williams' Percentage Range (W%R) 93.50
Strong Oversold
Lane's Stochastic (%D-Slow) 10.31
Oversold
Greed/Fear Indicator (GFI) 16.93
Oversold
Moving Average Converg./Diverg. (MACD) -4.69
Trading Signals
Description Value Chart
Weekly Trendline Resistance 51.98
Upper Bollinger Band 51.83
50 Day Moving Average 51.68
Parabolic System 51.54
Daily Stochastic Crossing 49.79
20 Day Moving Average 47.37
Weekly Trendline Support 46.55
Price 46.54
Weekly Stochastic Crossing 44.97
Lower Bollinger Band 44.96
Monthly Trendline Support 42.22
Sector and Industry
Description Name Rank
Sector Technology 6
Industry Multimedia/Graphics Sftwr 13
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 51.49
High Date 01/10/2019
Low 44.47
Low Date 01/11/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 51.98
Support 46.55
Low 43.71
Low Date 12/26/2018
High 51.49
High Date 01/10/2019
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 34.62
Support 42.22
High 84.68
High Date 10/01/2018
Low 43.71
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 10.45
Low Date 11/15/2012
High 84.68
High Date 10/01/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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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