ACTIVISION BLIZZARD INC - 1H - Technical analysis published on 07/14/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
ACTIVISION BLIZZARD INC Chart
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 76.30 USD
My targets
75.40 USD (-0.57%)
74.24 USD (-2.10%)
My analysis
ACTIVISION BLIZZARD INC is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 76.30 USD. The next support located at 75.40 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 74.24 USD. Below this support, sellers could then target 73.71 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.3
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This analysis was given by Londinia.
Additional analysis
Quotes
ACTIVISION BLIZZARD INC rating 75.83 USD. On the day, this instrument lost -0.17% and was between 75.38 USD and 75.94 USD. This implies that the price is at +0.60% from its lowest and at -0.14% from its highest.75.38
75.94
75.83
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ACTIVISION BLIZZARD INC indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Downside gap
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 73.71 | 74.24 | 75.40 | 75.83 | 76.30 | 77.63 | 78.28 |
| Change (%) | -2.80% | -2.10% | -0.57% | - | +0.62% | +2.37% | +3.23% |
| Change | -2.12 | -1.59 | -0.43 | - | +0.47 | +1.80 | +2.45 |
| Level | Intermediate | Minor | Major | - | Minor | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 74.89 | 75.34 | 75.65 | 76.10 | 76.41 | 76.86 | 77.17 |
| Camarilla | 75.75 | 75.82 | 75.89 | 75.96 | 76.03 | 76.10 | 76.17 |
| Woodie | 74.82 | 75.31 | 75.58 | 76.07 | 76.34 | 76.83 | 77.10 |
| Fibonacci | 75.34 | 75.63 | 75.81 | 76.10 | 76.39 | 76.57 | 76.86 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 76.10 | 76.86 | 77.49 | 78.25 | 78.88 | 79.64 | 80.27 |
| Camarilla | 77.75 | 77.88 | 78.00 | 78.13 | 78.26 | 78.39 | 78.51 |
| Woodie | 76.05 | 76.83 | 77.44 | 78.22 | 78.83 | 79.61 | 80.22 |
| Fibonacci | 76.86 | 77.39 | 77.72 | 78.25 | 78.78 | 79.11 | 79.64 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 70.08 | 71.89 | 74.88 | 76.69 | 79.68 | 81.49 | 84.48 |
| Camarilla | 76.54 | 76.98 | 77.42 | 77.86 | 78.30 | 78.74 | 79.18 |
| Woodie | 70.66 | 72.19 | 75.46 | 76.99 | 80.26 | 81.79 | 85.06 |
| Fibonacci | 71.89 | 73.73 | 74.86 | 76.69 | 78.53 | 79.66 | 81.49 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 29.57 | |
| MACD (12,26,9): | -0.5900 | |
| Directional Movement: | -29.94 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 76.13 | |
| Parabolic SAR (0,02-0,02-0,2): | 76.55 | |
| Elder Ray (13): | -0.96 | |
| Super Trend (3,10): | 77.00 | |
| Zig ZAG (10): | 75.55 | |
| VORTEX (21): | 0.7700 | |
| Stochastique (14,3,5): | 15.91 | |
| TEMA (21): | 75.78 | |
| Williams %R (14): | -92.00 | |
| Chande Momentum Oscillator (20): | -2.00 | |
| Repulse (5,40,3): | -0.4200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 4.55 |
| MA7: | 77.30 | |
| MA20: | 76.98 | |
| MA50: | 77.32 | |
| MA100: | 78.33 | |
| MAexp7: | 76.19 | |
| MAexp20: | 76.85 | |
| MAexp50: | 77.42 | |
| MAexp100: | 77.42 | |
| Price / MA7: | -1.90% | |
| Price / MA20: | -1.49% | |
| Price / MA50: | -1.93% | |
| Price / MA100: | -3.19% | |
| Price / MAexp7: | -0.47% | |
| Price / MAexp20: | -1.33% | |
| Price / MAexp50: | -2.05% | |
| Price / MAexp100: | -2.05% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on ACTIVISION BLIZZARD INC. At the time of publication of this analysis, the latest news was as follows:
- First Program of Its Kind at Activision Blizzard to Train and Develop Talent for Engineering Roles
- Activision Blizzard to Release Second Quarter 2022 Financial Results on August 1, 2022
- Activision Blizzard Announces Results of Annual Meeting; Stockholders Approve Nominees to Board of Directors
- Activision Blizzard to Recognize and Begin Negotiations with CWA
- Thinking about trading options or stock in Verizon, Activision Blizzard, Teladoc Health, General Electric, or Amazon?
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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