Activision Blizzard Inc (ATVI): Price Now Near $93.86; Daily Chart Shows An Uptrend on 20 Day Basis

The Hourly View for ATVI

Currently, ATVI’s price is down $-1.22 (-1.28%) from the hour prior. ATVI has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

ATVI’s Technical Outlook on the Daily Chart

At the time of this writing, ATVI’s price is down $-2.62 (-2.71%) from the day prior. It’s been a feast for bears operating on the daily timeframe, as ATVI has now gone down 5 of the past 5 days. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. The chart below shows ATVI’s price action over the past 90 days.

ATVI

For ATVI News Traders

Investors and traders in ATVI may be particularly interested in the following story that came out in the past day:

Better Buy: Activision Blizzard vs. Amazon

Amazon (NASDAQ: AMZN) and Activision Blizzard (NASDAQ: ATVI) have both benefited from the stay-at-home economy, though in different ways. Consumers turned to Amazon for everything from toilet paper to streaming content, while Activision’s games provided a source of entertainment and social interaction during an isolating time. Not surprisingly, the prices for both stocks have performed well over the past year, with Amazon jumping 53% and Activision rising 62%.

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