Activision Blizzard (ATVI) has generated returns of 58.4% in the trailing-12-month period and 67.0% since the start of 2017 after falling 6.0% in 2016. The company generated returns of 8.0% in the trailing-one-month period and 6.3% in the last five trading days.
On June 19, 2017, Activision Blizzard (ATVI) closed the trading day at $60.32. Based on this figure, here’s how the stock fared in terms of its moving averages:
- 19.4% above its 100-day moving average of $50.52
- 9.8% above its 50-day moving average of $54.94
- 2.5% above its 20-day moving average of $58.86
Activision’s MACD and RSI
Activision Blizzard’s (ATVI) moving average convergence divergence (or MACD) is ~1.3, which indicates an upward trading trend. MACD represents the difference between a company’s short-term and long-term moving averages.
Activision’s 14-day relative strength index (or RSI) is 60, which shows that the stock is approaching overbought territory. Generally, if a company’s RSI is above 70, it indicates the stock is overbought. An RSI below 30 suggests that a company’s stock has been oversold.
Of the 23 analysts that cover Activision Blizzard (ATVI), 18 recommended a “buy” and four recommended a “hold.” There was only one “sell” recommendation. The analysts’ average stock price target is $62.00 with a median target estimate of $61.40. This means Activision is trading at a discount of 1.8% to median analyst estimates.
ATVI’s peers Sony (SNE), Zynga (ZNGA), Take-Two Interactive Software (TTWO), and Electronic Arts (EA) are trading at discounts of 9.2%, 1.4%, 14.7%, and 2.1%, respectively, to median analyst estimates.