ATVI finds support at 200-day moving average


Activision Blizzard (ATVI) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team

Highlights

ATVI finds buyers at key support level
ATVI finds support at 200-day moving average
ATVI closes higher for the 2nd day in a row
ATVI finds buyers again around 69.77
ATVI rises to highest close since August 3rd

Overview

Moving higher for the 2nd day in a row, ATVI ended the week -1.0% lower at 70.61 after edging higher $0.11 (0.16%) today. Today's closing price of 70.61 marks the highest close since August 3rd. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range in a lackluster session.

Daily Candlestick Chart (ATVI as at Aug 10, 2018):

Daily technical analysis candlestick chart for Activision Blizzard (ATVI) as at Aug 10, 2018

Friday's trading range was $1.27 (1.81%), that's below last trading month's daily average range of $1.93. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being above average. Prices continued to consolidate within a tight trading range between 69.27 and 71.67 which it has been in now for the last trading week.

After trading as low as 69.77 during the day, the market bounced off the key support level at 69.87. The failure to close below the support might increase that levels importance as support going forward. Prices are trading close to the key resistance level at 71.79. After having been unable to move lower than 69.56 in the prior session, the share found buyers again around the same price level today at 69.77. After trading as low as 69.77 during the day, Activision Blizzard found support at the 200-day moving average at 69.87.

The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.

Buying could speed up should prices move above the nearby swing high at 71.67 where further buy stops might get triggered. Selling could accelerate should prices move below the close-by swing low at 69.27 where further sell stops might get activated.


Market Conditions for ATVI as at Aug 10, 2018

Loading Market Conditions for ATVI (Activision Blizzard)...
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