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Activision Blizzard versus Analyst Estimates this Month

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Historical stock returns

Activision Blizzard (ATVI) has generated returns of 77% in the trailing-12-month period, 11% in the last month, and -1.5% in the trailing five-day period. Activision Blizzard’s stock fell 6% in 2016 and bounced back significantly to generate returns of 76% in 2017. The stock has risen 12.8% since the start of 2018. Among its peers, Take-Two Interactive (TTWO), Electronic Arts (EA), Sony (SNE), and Zynga (ZNGA) generated returns of 123.0%, 33%, 61%, and 56.0%, respectively, in 2017.

On February 2, Activision closed trading at $71.42, which is 83% above its 52-week low of $38.93 and 4.7% below its 52-week high of $74.94.

Analysts’ recommendations

Of the 29 analysts tracking ATVI, 22 gave the stock a “buy” recommendation and seven analysts recommended a “hold.” No analysts recommended a “sell” for the stock.

Analysts’ price target for Activision stock is $74 with a median target estimate of $75. ATVI is trading at a discount of 5% to the median analyst estimate.

Moving averages

ATVI closed the trading day at $71.42. Based on that price, the stock is trading as follows:

  • 10.2% above its 100-day moving average of $64.8
  • 7.6% above its 50-day moving average of $66.35
  • 1.7% above its 20-day moving average of $70.21

RSI and MACD

ATVI’s 14-day MACD (moving average convergence divergence) is ~1.88. A stock’s MACD is the difference between its short-term and long-term moving averages. Because ATVI’s MACD is positive, it indicates an upward trading pattern.

ATVI also has a 14-day RSI (relative strength index) score of 53, which shows that the stock is trading closer to overbought territory. If an RSI is above 70, it indicates that a stock has been overbought. An RSI figure below 30 suggests that a stock has been oversold.

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