The Greedy Trader Weekly Analysis
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Monthly Price vs. Trendline:Broken Support
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Trend Line Resistance Trend Line Support Resistance.
Trendline support resistance provides an excellent buy/sell signals in trending market. On an uptrend, buy around the support trend line level and place a stop order below the trend line support. Take profit on the trend line resistance level. Reverse the technique in a downtrend. Short around the resistance trend line level and place a stop order above the trend line resistance.
Resistance Trend Line,Trend Line Resistance,Trend Line Support,Support Resistance,support and resistance,chart trend line,trend support

Activision Blizzard (ATVI)

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Summary:
Weekly :MACD bearish divergenceBroken trend resistance line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldPrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close together
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It was the negative week for the Activision Blizzard (ATVI). During the week, the ATVI dropped -1.52 points, or -2.72%, and closed at 54.30 on Friday, November 8, 2019. It was the worst weekly loss since September 27, 2019. Weekly volume was -17% 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 chart has formed a Ascending Triangle chart pattern. The downtrend resistance line (45.07) 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 long-term trend.

Medium-term trend: [See ATVI medium-term trend chart]
A medium-term uptrend had started on February 11, 2019 at 39.85 and reached 57.52 on September 12, 2019. ATVI gained -17.67 points, or -44.34%, in 30 weeks. The price is now at the 18.22% retracement level.

Weekly Technical Indicators: [See ATVI weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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.

The weekly MACD line is above its signal line since March 15, 2019. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 May 24, 2019 at 41.84 and reached 57.52 on September 12, 2019. ATVI gained -15.68 points, or -37.48%, in 111 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 52.60 and resistance is at 64.36. 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 short-term trend.

Daily Technical Indicators: [See ATVI daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

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 distance between the Bollinger Bands (4.64%) is close to one year low (5.30%). It is 70.59% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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 price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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) 43.09
Williams' Percentage Range (W%R) 82.20
Oversold
Lane's Stochastic (%D-Slow) 47.22
Greed/Fear Indicator (GFI) 36.03
Moving Average Converg./Diverg. (MACD) 0.44
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.96
Williams' Percentage Range (W%R) 31.60
Lane's Stochastic (%D-Slow) 74.92
Greed/Fear Indicator (GFI) 67.79
Moving Average Converg./Diverg. (MACD) 1.14 Bearish
Trading Signals
Description Value Chart
Weekly Trendline Resistance 64.36
Parabolic System 56.49
Upper Bollinger Band 56.29
Weekly Stochastic Crossing 55.64
20 Day Moving Average 55.23
Daily Stochastic Crossing 54.82
50 Day Moving Average 54.62
Price 54.30
Lower Bollinger Band 53.76
Weekly Trendline Support 52.60
Quarterly Trendline Support 45.07
Sector and Industry
Description Name Rank
Sector Technology 6
Industry Multimedia/Graphics Sftwr 84
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 50.25
Low Date 10/02/2019
High 57.43
High Date 11/01/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 64.36
Support 52.60
Low 41.84
Low Date 05/24/2019
High 57.52
High Date 09/12/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 39.85
Low Date 02/11/2019
High 57.52
High Date 09/12/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 18.08
Support 45.07
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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