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- 1 ATVI stock price decreased by 0.16% over the past 24 hours and by 0.22% over the past week.
- 2 Activision Blizzard Inc. ( NASDAQ: ATVI) stock’s 52-week price range is $73 – $93.
Activision Blizzard (ATVI) stock and Microsoft (MSFT) stock entered on July 18, into an agreement relinquishing certain rights to dissolve the merger agreement if the merger has not been finalized before October 18, 2023.
The conditions of the agreement consist of an increase in the dissolving fee payable to Activision Blizzard Inc. from $3.0 Billion to $3.5 Billion if the transaction is dissolved after August 29, 2023, and to $4.5 Billion if the transaction is dissolved after September 15, 2023.
ATVI stock average volume is 15.589 Million and the current volume is 7.612 Million where the current volume is below average volume.
Activision has a debt-to-equity ratio of 17.4%, as reported by Simply Wall St. This implies that it has less debt than equity, which is the difference between its total assets and total liabilities. Activision’s debt is $3.61 Billion, while its equity is $20.79 Billion. Moreover, Activision Blizzard Inc’s (ATVI) stock market capitalization is $71.945 Billion and the total revenue is $7.475 Billion. Moreover, the stock’s basic EPS is $2.76 and the price-to-earnings ratio is 33.50.
Technical Analysis of ATVI Stock Stock Price in 1-D Timeframe
The price action shows that Activision Blizzard Inc’s ( NASDAQ: ATVI) stock price took support at $82.14 and has been on an inclining trend for the last three months, increasing by 19.89% making higher highs and higher lows, and rising. At the time of writing, ATVI stock is trading at around $91.44 and facing resistance and declining from Trendline.
Therefore, if the ATVI price fails to sustain the current level and drops, it might hit the nearest support levels of $90.96 and $86.55.
However, if it maintains the current level, the ATVI prices could continue to move upward and reach the first and second resistances of $96.98 and $101.19.
At the time of publishing, Activision Blizzard Inc. (NASDAQ: ATVI) is trading above the 20, 50, 100, and 200-day EMA (exponential moving averages), which supports the Activision price trend.
However, the Activision stock price is facing resistance from the trendline, and if more selling volume adds up then the Activision price might conquer supporting EMA’s by making lower highs and lows.
Hence, the Activision price is expected to move downwards showing bearish views over the daily time frame chart.
The current value of RSI is 61.34 points. The 14 SMA is above the median line at 66.93 points which indicates that Activision stock took rejection from the 14 SMA line, indicating the bearishness for the Activision stock.
The MACD line at 1.54 and signal line at 2.02 are above the zero line and both lines have crossed each other. A bearish crossover is observed in the MACD oscillator which might signal more bearishness for the Activision stock price.
Summary
Activision Blizzard Inc. (NASDAQ: ATVI) indicates that the investors and traders of the stock price are bearish on the 1-D time frame. The price action reflects a bearish outlook at the time of publishing. The technical analysis tools of the Activision stock price also support the bearish trend. The MACD, RSI, and EMA highlight negative signals and imply that the downtrend may continue in Activision’s stock price.
Technical Levels
- Support levels: The nearest support levels for Activision’s stock price are $90.96 and $86.55.
- Resistance levels: The nearest resistance levels for Activision stock price are $96.98 and $101.19.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
