ACTIVISION BLIZZARD INC - 1H - Technical analysis published on 09/27/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
ACTIVISION BLIZZARD INC Chart
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
33%
17%
50%
My opinion
Bullish above 92.22 USD
My targets
97.54 USD (+3.78%)
101.60 USD (+8.10%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ACTIVISION BLIZZARD INC as long as the price remains well above 92.22 USD. The buyers' bullish objective is set at 97.54 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 101.60 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
5.5
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This analysis was given by Londinia.
Additional analysis
Quotes
The ACTIVISION BLIZZARD INC price is 93.99 USD. The price is lower by -0.01% since the last closing and was between 93.71 USD and 94.10 USD. This implies that the price is at +0.30% from its lowest and at -0.12% from its highest.93.71
94.10
93.99
Here is a more detailed summary of the historical variations registered by ACTIVISION BLIZZARD INC:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ACTIVISION BLIZZARD INC indicates that the overall trend is strongly bullish. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 91.00 | 91.74 | 92.22 | 93.99 | 94.11 | 97.54 | 101.60 |
| Change (%) | -3.18% | -2.39% | -1.88% | - | +0.13% | +3.78% | +8.10% |
| Change | -2.99 | -2.25 | -1.77 | - | +0.12 | +3.55 | +7.61 |
| Level | Minor | Intermediate | Major | - | Intermediate | 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 | 93.72 | 93.86 | 93.93 | 94.07 | 94.14 | 94.28 | 94.35 |
| Camarilla | 93.94 | 93.96 | 93.98 | 94.00 | 94.02 | 94.04 | 94.06 |
| Woodie | 93.69 | 93.84 | 93.90 | 94.05 | 94.11 | 94.26 | 94.32 |
| Fibonacci | 93.86 | 93.94 | 93.99 | 94.07 | 94.15 | 94.20 | 94.28 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 90.17 | 90.99 | 92.46 | 93.28 | 94.75 | 95.57 | 97.04 |
| Camarilla | 93.29 | 93.50 | 93.71 | 93.92 | 94.13 | 94.34 | 94.55 |
| Woodie | 90.49 | 91.15 | 92.78 | 93.44 | 95.07 | 95.73 | 97.36 |
| Fibonacci | 90.99 | 91.87 | 92.41 | 93.28 | 94.16 | 94.70 | 95.57 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 88.97 | 89.63 | 90.81 | 91.47 | 92.65 | 93.31 | 94.49 |
| Camarilla | 91.48 | 91.65 | 91.82 | 91.99 | 92.16 | 92.33 | 92.50 |
| Woodie | 89.23 | 89.76 | 91.07 | 91.60 | 92.91 | 93.44 | 94.75 |
| Fibonacci | 89.63 | 90.33 | 90.77 | 91.47 | 92.17 | 92.61 | 93.31 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 63.96 | |
| MACD (12,26,9): | 0.2100 | |
| Directional Movement: | 5.08 | |
| AROON (14): | -42.85 | |
| DEMA (21): | 94.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 93.35 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 93.82 | |
| Zig ZAG (10): | 93.96 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 46.67 | |
| TEMA (21): | 94.13 | |
| Williams %R (14): | -48.00 | |
| Chande Momentum Oscillator (20): | -0.06 | |
| Repulse (5,40,3): | -0.0400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 0.02 |
| MA7: | 93.27 | |
| MA20: | 92.48 | |
| MA50: | 91.82 | |
| MA100: | 86.22 | |
| MAexp7: | 93.99 | |
| MAexp20: | 93.87 | |
| MAexp50: | 93.36 | |
| MAexp100: | 92.87 | |
| Price / MA7: | +0.77% | |
| Price / MA20: | +1.63% | |
| Price / MA50: | +2.36% | |
| Price / MA100: | +9.01% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.67% | |
| Price / MAexp100: | +1.21% |
Quotes :
-
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:
-
Why Call of Duty LIVE will not be affected by Microsoft's new Activision offer
-
Microsoft shares: new Activision Blizzard takeover proposals delivered
-
Microsoft’s proposed takeover of Activision Blizzard: The $69bn video game deal explained
- Activision Blizzard Announces Second Quarter 2023 Financial Results
- Activision Blizzard Announces Results of Annual Meeting
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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