The Greedy Trader Weekly Analysis
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Archive
- 5/10/2019
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Activision Blizzard
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Summary:
Weekly :
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice is near the Fibonacci 23.6% retracement levelPrice is close to the 50 Day Moving Average
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It was the negative week for the Activision Blizzard (ATVI). During the week, the ATVI dropped -1.13 points, or -2.40%, and closed at 46.02 on Friday, May 10, 2019. Weekly volume was -11% below average.

Long-term trend: [See ATVI long-term trend chart]
A long-term downtrend had started on October 1, 2018 at 84.68 and reached 39.85 on February 11, 2019. ATVI lost 44.83 points, or 52.94%, in 19 weeks. The price is now at the 13.76% retracement level.

Medium-term trend: [See ATVI medium-term trend chart]
A medium-term uptrend had started on February 11, 2019 at 39.85 and reached 49.83 on May 2, 2019. ATVI gained -9.98 points, or -25.04%, in 11 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 45.27 and resistance is at 49.96. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising 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 March 15, 2019. 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 May 2, 2019 at 49.83 and reached 44.87 on May 10, 2019. ATVI lost 4.96 points, or 9.95%, in 8 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance 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.

Price is close to the 50 Day Moving Average. 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) 53.26
Williams' Percentage Range (W%R) 55.70
Lane's Stochastic (%D-Slow) 28.30
Greed/Fear Indicator (GFI) 41.95
Moving Average Converg./Diverg. (MACD) 0.44
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.02
Williams' Percentage Range (W%R) 42.30
Lane's Stochastic (%D-Slow) 75.14
Greed/Fear Indicator (GFI) 61.52
Moving Average Converg./Diverg. (MACD) -4.89
Trading Signals
Description Value Chart
Monthly Trendline Resistance 49.96
Upper Bollinger Band 49.53
Parabolic System 49.28
Weekly Stochastic Crossing 48.23
20 Day Moving Average 46.94
Price 46.02
50 Day Moving Average 45.95
Daily Stochastic Crossing 45.93
Monthly Trendline Support 45.27
Lower Bollinger Band 44.49
Sector and Industry
Description Name Rank
Sector Technology 4
Industry Multimedia/Graphics Sftwr 48
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 49.83
High Date 05/02/2019
Low 44.87
Low Date 05/10/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 43.96
Low Date 04/17/2019
High 49.83
High Date 05/02/2019
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 49.96
Support 45.27
Low 39.85
Low Date 02/11/2019
High 49.83
High Date 05/02/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 84.68
High Date 10/01/2018
Low 39.85
Low Date 02/11/2019
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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