𝘼𝙘𝙩𝙞𝙫𝙞𝙨𝙞𝙤𝙣 𝘽𝙡𝙞𝙯𝙯𝙖𝙧𝙙 𝙬𝙝𝙚𝙣 𝙩𝙤 𝙗𝙪𝙮?I am an old World Of Warcraft player (ravencrest:). Blizzard makes up about 30% of income $ATVI (Activision Blizzard, Inc.) .
I know a lot about their products: WoW, Warzone, etc. And today I will talk about ATVI not only from the side of chart analysis.
𝙎𝙤𝙢𝙚 𝙞𝙙𝙚𝙖𝙨:
📉 Shadowlands was good on start - against the background of the past sh#t BFA. It was a breath of clean air. But it's still sh#t expansion without new and exciting content.
- I see here a good correlation with expansion success like "Legion" and the price of a company.
📉 Warzone was good on start :) Nowadays it's not in the top 5 twitch. Pubg and Fortnite are more popular. Also, we have Valorant and APEX.
📉 Negative news background: courts, complaints, layoffs.
📉 On M chart we are under 50 MA.
📉 Still far from 200 MA
𝙎𝙤... 𝙬𝙝𝙖𝙩 𝙄 𝙚𝙭𝙥𝙚𝙘𝙩 𝙛𝙧𝙤𝙢 𝘼𝙏𝙑𝙄 𝙖𝙣𝙙 𝙬𝙝𝙚𝙧𝙚 𝙄 𝙨𝙚𝙚 𝙨𝙤𝙢𝙚 𝙥𝙡𝙖𝙘𝙚𝙨 𝙩𝙤 𝙗𝙪𝙮.
✅ We have a support line on 57.54$. Here you can invest a very small amount. It's risky.
✅ Next one is price ZONE 42$-50$. It's a good spot to invest. With normal SL and risk ratio.
✅ the Last one is 200MA line.
I can't guarantee that we continue to fall into this buy zone.
But, I think it's the best risk/profit deal here.
P.s. Have interesting companies from $SPY or $NSDQ100 ? Leave it in the comments, I'll do a post like this about your company.
P.s.2 Follow me for more :)
Good luck,
V.
ATVI trade ideas
Bullish or bearish triangle? Watch at the volume!Dear investor, welcome to another Activision analysis.
After a nice rise in Activision, the question now is whether this rise is a false uptrend or a real uptrend reversal?
That will depend on the company's news, but analytically, we can expect an upside in the next two to three weeks.
A kind of bullish triangle is formed but if we look at the volumes, I find that the volumes are not enough to have a second rise, I keep in my sight, its volume, because if there were to be large volumes in the next few days then we can without hesitation expect a breakthrough of the triangle from above.
But feel free to do your own research, this is just an analysis, this scenario may not come true.
This is not an investment advice.
Activision Blizzard (NASDAQ: $ATVI) Heating Up As We Delve...Activision Blizzard, Inc., together with its subsidiaries, develops and publishes interactive entertainment content and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Activision Publishing, Inc.; Blizzard Entertainment, Inc.; and King Digital Entertainment. It develops and distributes content and services on video game consoles, personal computers, and mobile devices, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies that distribute Activision and Blizzard products. The company also maintains a proprietary online gaming service, Battle.net that facilitates digital distribution of content, online social connectivity, and the creation of user-generated content. In addition, it operates esports leagues and offer digital advertising content; and provides warehousing, logistics, and sales distribution services to third-party publishers of interactive entertainment software, as well as manufacturers of interactive entertainment hardware products. The company's key product franchises include Call of Duty, World of Warcraft, Diablo, Hearthstone, Overwatch, and Candy Crush. It serves retailers and distributors, including mass-market retailers, consumer electronics stores, discount warehouses, and game specialty stores through third-party distribution and licensing arrangements. Activision Blizzard, Inc. is headquartered in Santa Monica, California.
Activision Weekly Long IdeaI like to draw trend lines across the upper 50 MA and through 50/200 MA cross to give me buying and selling zones. Works fantastic on larger time scales for companies that have a general uptrend but volatility on the shorter time frames.
I don't think fud around Activation will affect their longer-term prospects knowing their IPs and size.
An opportunity at Activision?Dear long-term investor, welcome to this new analysis of Activision.
After many ups and downs on the Activision NASDAQ:ATVI side, the stock has fallen sharply, but the question on its price right now is whether this drop is a good time to buy or a signal of an even steeper descent?
It will depend on the company's news, but analytically, we can expect a rise in the next two to three weeks.
The RSI was at its lowest a few days ago, can we expect a rise? If we look at the historical data, almost every time the price has been oversold, it has followed an upward trend, but in this particular case with several bad news stories, can we really expect a rise?
Hard to say, it's best to wait for a real big buy signal, to place your buy order, but for those who think this drop is an opportunity to recharge, we are in a nice consolidation zone.
But feel free to do your own research, this is only an analysis, this scenario may not come true.
This is not an investment advice.
Here are the scenarios I can share with you:
A possibility to go straight up to touch the 71.93.
A possibility to break the 55.08 and go even lower.
An opportunity to consolidate for a few weeks and then climb to 82.34.
ATVI 12/16/2021On monthly chart,
In price channel between $40 and $83 with a mid-range support/resistance level of $61.50. Brice broke out of channel in 12/2020 just to break back into it on 08/2021. We are now at the mid-rang level of $61.50. Will look into the lower timeframe to see if there is an opportunity to enter at this 61.50 level.
1HR chart
Price is still in downtrend resisting the 200ema. After an over-extension, Price went into and ascending triangle which it broke out of. There is incoming sell-pressure from 61.50 mid-range resistance level and 200ema. If price is to break downtrend and make and up move, price must stay above highs of the ascending triangle.
Analysis
Although price is in a long term uptrend being above 200ema on Monthly chart, it has been somewhat in a channel moving sideways the past 14 years.
The price finds itself in an odd area with a lot of incoming sell pressure. It is overextended and would need to make a move back up to the falling moving averages to strengthen before making a strong down move lower to $40s. It’s too over extended to short, too much sell pressure to buy. This trade has a low probability either way you go. I would wait on the sidelines.
Because of the over-extension and the breakout of triangle in the 1HR chart, If I took this trade I would go long with stop loss below of highs of triangle on 1hr chart. Stoploss: 58.50
Added more to my long position.I have been consistently adding to my long position, I am underwater currently but I believe that to be short lived. This is a Gap up company IMO.
Do your own research as this is not financial advice, only a representation of how I think and act.
This is a long term hold for me.
ATVI - Does history repeat itself?
Long-term diagonal trend line Support is about to get tested for the 10th time, bounced every time.
Price approaching a FIB confluence level of 0.786 (a retracement of the last leg up) that started FEB 2019,
Momentum divergence on RSI and cross over on MACD,
Ichimoku cloud on the monthly chart shows price bounce from the cloud, will it repeat this time?
Potential 2 equal legs to be completed when price tests the 0.786 FIB retracement.
Potential trades:
Sell puts, preferably under $49 as it is the double bottom neckline (created March-April 2019) that might be tested.
Buy calls - wait for Price action to confirm
Buy CFD's or stock - wait for price action to confirm
ATVIBlame is being assigned to CEO Bobby Kotick, and a long-running sexual harassment scandal he either ignored or covered up.
The stock’s fall went into overdrive when Blizzard co-head Jen Oneal, ATVI’s highest-ranking female executive, abruptly resigned. She had been in her position just three months.
Pull Back FishingHow low will she go?
Ugly top but has fallen over 100% of projected down target for a head and shoulders pattern and has barely passed the 1.618 in the process, but just barely.
Looks like a CEO controversy sent this down. (CEO Bobby Kotick told colleagues he could leave if cultural issues at the company weren't fixed quickly) Then analysts downgraded this to a sell. Growing competition looks to be another factor.
Negative volume remains high and short interest is low. ATVI has passed some levels of support, but I looked at the 3 year weekly timeframe and I do see a good size green candle that lines up with where price is now. That does not mean it can't fall to the next level of support.
ATVI is below the bands set on an 80 SMA and is oversold on RSI. Securities can remain oversold for extended periods.
Trying to catch a true bottom can be difficult and risky as well. I guess you just never know. A security can seem dirt cheap, but even dirt can get cheaper. The alligator appears to still be looking to the bottom.
No recommendation. Price is below it's longer term moving averages. I am watching for now.