Activision Blizzard (ATVI)
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|It was a sixth consecutive positive week for the Activision Blizzard (ATVI). During the week, the ATVI gained 0.95 points, or 2.01%, and closed at 48.15 on Friday, July 5, 2019. Weekly volume was -40% 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 (42.61) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. ATVI may retest the broken resistance line. It is considered to be a support 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 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 49.83 on May 2, 2019. ATVI gained -9.98 points, or -25.04%, in 11 weeks. The price is now at the 16.83% retracement level.
Weekly Technical Indicators: [See ATVI weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Williams' Percentage Range help.
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, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 48.82 on July 2, 2019. ATVI gained -6.98 points, or -16.68%, in 39 days. The price is now at the 9.60% retracement level.
Daily Technical Indicators: [See ATVI daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since June 4, 2019. This is an indication that the short-term trend is up.
The distance between the Bollinger Bands is falling, and it was 8.64% on Friday. It is 50.44% lower than one year average. It indicates the period of low 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 advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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.