Shareholder returns and stock trends
On April 24, 2017, Activision Blizzard (ATVI) generated investor returns of 46.8% in the trailing 12-month period and 3.6% in the trailing one-month period. In comparison, the company generated returns of 94% in 2015 and -6% in 2016. Its stock price rose 4.3% in the trailing five-day period, and it has risen 41% since the start of 2017.
On April 24, 2017, Activision Blizzard closed the trading day at $50.88. Based on this figure, here’s how the stock fared in terms of its moving averages:
- 18.1% above its 100-day moving average of $43.08
- 5.6% above its 50-day moving average of $48.17
- 2.9% above its 20-day moving average of $49.46
Activision’s MACD and RSI
A company’s MACD (moving average convergence divergence) refers to the difference between its short-term and long-term moving averages. On April 24, 2017, Activision’s 14-day MACD was approximately 0.55. This positive figure indicates an upward trading trend.
The company’s 14-day RSI (relative strength index) was 64, which shows that the stock is close to overbought territory. Generally, if a company’s RSI is above 70, it indicates the stock is overbought. An RSI figure below 30 suggests that a company’s stock has been oversold.
Of the 22 analysts covering Activision Blizzard (ATVI) stock, 18 recommended a “buy” and three recommended a “hold.” There was one “sell” recommendation. The analysts’ stock price target is $51.58 with a median target estimate of $53.00. This means that ATVI is trading at a discount of 4.2% to median analyst estimates.