Sign In to see current Signals.
Move cursor over the icon to see details.
|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.