Activision
The old big dividend bait and switch... This company is failing it's customers in multiple ways. ATVI is a mix of two gaming companies that are both far beyond losing touch with it's customers and the gaming industry as a whole. A good gauge on how a certain game company is doing (and the best in my opinion) is by checking their community forums. In this case they are barren and extremely bias, in favor of the company and it's profits. The mods seem dismissal towards players and their problems. I saw this coming and should of posted this months ago when the price was 100% higher.
The only hope for these two companies is to completely restructure it's leadership methodology, business model, and the development of the games them selves.
Good gaming companies are run by gamers not big corporate executives unfortunately.
I suspect a massive to the $60 range then a complete and utter decimation to it's market cap, again..
ATVI (Activision) bullishI think Activision has possibly put in a bottom here. We saw a massive downside move that aligned exactly with the Diablo mobile announcement at Blizzcon, which in my opinion was a knee-jerk selloff. We saw climactic volume at the bottom (classic bottom signal) and have a multi-month bull div forming on the daily RSI. Short term action looks like a bull flag and the bulls seem to be controlling the volume (always a good sign when you're looking to get long). I normally take fundamentals with a grain of salt but being a longtime Blizzard fanboy, I think the Blizzcon selloff has put ATVI at a nice discount and here's why I think that: Blizzard's cult-like following (me included) were upset to hear the Diablo mobile announcement instead of plans for Diablo 4 but from an investor's perspective I'll tell you why it's bullish. The Chinese market is enormous and Activision didn't arrive at the decision to develop for mobile hastily. As much as Blizzard fanboys hate the idea, I think it will be quite successful (along with Call of Duty mobile). Also, and this is only speculation, but I can almost guarantee Activision execs are squirming to get in on this Battle Royale (fortnite genre) cash cow so I strongly believe we will see big announcements soon on this front. The techincals look good to me as well at this point and with that plus potentially good fundamentals on the horizon I like a long here on ATVI. And yes, I realize Blizzard isn't all of Activision, but it's a huge part of it. New expansion coming up in Hearthstone plus World of Warcraft vanilla reboot coming soon has all the fundamentals aligning for a strong showing in the mid term I think. Good luck.
Long - Activision (ATVI)- NASDAQ:ATVI broke above a falling channel in place since November
- Prices are trading above their 20-day and 50-day EMA
- MACD finally turned positive
- Huge opportunity with Google's new gaming streaming service, Stadia, which allows developers to create games on the cloud while bypassing the higher barriers of entry (consoles & graphic cards)
- Target is set at the gap near the 200-day EMA (17.5%) with a stop-loss near the 20-day EMA (8.5%)
Activision activated at 40$ all the way to 60$
Hey everybody,
the gaming market had a really rough two month and it was all a reason of the fear of fortnite and its free game play with massive player community.
EA Sports, Take Two and Activision Blizzard got beaten down and I was lucky to grab a position at the gap close at 40$. I was looking at it before but was instead of greedy like in the past, I was really patiently waiting for it. And boom there it was on monday or tuesday.
I will hold until around 60$ to close this gap from its big drop a few weeks ago and look at its behavior. The future will be challenging but I think they will get it clear that nobody is waiting for diabolo mobile games and concentrate on the core power like call of duty or overwatch with free plays and integrating monthly subscriptions for constant cash flow.
If it will drop again I will take a second position at around 35$ after the 60% drop from its all time high.
Just my opinion so make your own research
And like always
May the markets be with you
$ATVI Risk/Reward HistoryBlizzard Activision has broken the trend of a 18% loss before a >60% gain, indicating that the cyclical nature may have been broken due to a mixed review on its publicized Diablo (mobile) and COD:BO4. The company will not be down for long though, as the RSI and VI are indicating that while reception of these products has been poor, the company is in no way going to zero.
The company has also signed deals in esports recently for its everpopular overwatch. However, their esports scene has not been as epic as expected, yet there are new facilities being constructed worldwide. We will see if starcraft can make a resurgence again, doubtful unfortunately. Focuses seem to be trending towards pushing Diablo for younger/mobile audiences. But are they too late to the game as other companies have dominated the mobile scene?
Activision - Bullish on the minor time frameWhy I went long on Calls
* Company has been beat up for the last month which is important for me to see before playing reversals
* Supports has been breached; the most notable ones include the BB basis line and 50EMA - these supports cracked with little fight involved
* Price is now currently sitting on top of the ascending trend line which shares confluence with the 200DMA - the most powerful support MA
* Price has tapped outside of the lower BB twice in the past week (requirement before I play reversals as the best probabilities come under extreme conditions)
This trade offers the elements that I need before taking a trade
* Risk is defined; a D2 close below the 200DMA will invalidate the setup for me and spell future trouble for the stock ... this is about 69.35
* Since I am going long on calls, I require three things: 1) price must be tapping outside of the lower bands, 2) RSI must be in oversold conditions and 3) a daily doji to form with higher lows from the previous day and next day
* All of those requirements are met except I'd prefer to see a daily RSI even lower but low 30's will suffice. The daily doji that I am referring to is from 8/8 - note the higher lows formed by the wicks on the day before and the day after. This provides additional conviction that supply is exhausted hence why I am going long on calls.
I chose to trade the Oct 21 70C's - I entered this on Friday Aug 10 when the underlying share price was about 70.72
Actvision - Bullish on the minor/intermediate time frameATVI: Why I went Long on Calls
* Company has been beat up since a month ago after creating new ATH's at 81.xx
* Basis line on the BB has been breached; 50EMA has been breached; now is currently being supported by an ascending trend line that has propped the stock up on 3 separate weekly occasions (Dec, early April and late April)
* This ascending TL also shares confluence with the 200DMA - the most powerful support
* This is a reversal play and I only play these under extreme conditions in which the price is tapping outside of the lower daily Bollinger bands (7/30 and 8/3) and RSI is reaching below 30
* Price has been rounding out in the past week which was important for me before entering a position as I'd like to see the market's reaction to the conservative guidance issued by the company's most recent ER
With this said, I believe this is a great setup that offers all of the elements that I require before entering a position.
* The risk is defined - my setup is no longer valid if I receive a D2 close below the 200DMA which is roughly about 69.35
* This entry is after the fact of extreme conditions that I'd like to see before trading reversals
* Profit target is a relief back to the .618 fib level which is still below the 50EMA as I do not expect the stock to travel past that in the time frame I am seeking to close this trade out (3-6 weeks)
* I will exit 75% of my calls if momentum looks to be in my favor and price pierces the 50EMA but I will certainly lock in profits at the 74.xx level (.618 fib)
I opened 70C's for 10/21 on Friday, Aug 10, when the underlying share price was 70.72
ATVI Ending Diagonal?Not big fan of selling into corrections but look how fast the price has moved down from recent Ending Diagonals (good RSI divergence to support these).
Most of the ending diagnosis retrace back to the end of wave 2 so we could see a correction down to 44.60
There could be one more move up before the correction (Although RSI suggests that may not be the case)
Drop down to a lower time frame to confirm the breakout before taking the trade in case we do get one more move up.
Activision Blizzard - New High expected NASDAQ:ATVI
Activision Blizzard released "Legion" this year for World of Warcraft. As seen on the past view add-ons after the release we got a dropdown because the expectations were better than we got. At the end
the subscriptions get lower and lower.
Right now Blizzard delivered what they said, and sure not all is working well, like the PVP system a lot of people complaining about but we still will keep a good amount of subscriptions and get new subscribers or subscribers which are coming
back with Patch 7.2 .
For Diabolo I think we can expect a paid addon/extension in the next view years. People still excite each season, so I highly expect here an increase of sales when that is coming out. The same expectation I have for Overwatch. This game got us a huge amount of sales in 2017, and if they place some new things in a paid store or so, we can expect a new high again.
What makes me a bit angry about that is that Blizzard is not lowering price for Character Boosts on World of Warcraft. People need to pay 50€ to get 100. A lot of people complaining about that. I think it would be better to give boost for free but then sell
XP boosts over the shop for like ten bucks for 24 hours or so. But they also could lower the price of the boost to 15-25 € and so people would pay more often that boost because they then can play a lot more classes.
We also can expect the second movie of Warcraft which should get Wow Players into the cinemas
So my opinion is we will see now January 2017 maybe still a bit of drawdown to 33.00 but then when 7.2 is released and the first news released about the Abonnements etc. we will get a new high. I expect to hit over 60.00 by the end of the year.
Shorting "blizzard" - my favorite stock ;) *NASDAQ:ATVI
Always mind-blowing sell this gentleman ;) im taking a small risk, time to sink! :)
RSI is turning down, extremely overbought on monthly chart, weekly and daily chart also leaving the bulls territory with bearish divergence rsi;
*find a suitable entry on a lower time frame;
Note: Do not forget to Buy on next Earning Report ;)
Previous reports: 27 reports only 3 on red ;)
Safe trades;