Activision Blizzard’s returns
Shares of Activision Blizzard (ATVI) have lost significant value since October 2018. In the last eight months, ATVI has fallen more than 45.0%. The stock is currently trading at $45.38, which is 46.0% below its 52-week high of $84.68.
ATVI stock generated stellar returns between October 2013 and October 2018, when it rose at an annual rate of 37.0%. Last week, we stated that ATVI could have bottomed out, and the stock has since gained 7.0%.
What do the technical indicators suggest?
ATVI stock is trading at $45.38 per share, which means that it’s trading at the following levels:
- 0.3% above its 100-day moving average of $45.25
- 1.0% below its 50-day moving average of $45.86
- 2.8% above its 20-day moving average of $44.15
RSI and MACD
ATVI has an MACD (moving average convergence divergence) score of 1.17. A stock’s MACD marks the difference between its short-term and long-term moving averages. ATVI’s positive MACD score indicates an upward trading trend.
ATVI stock has a 14-day RSI (relative strength index) score of 53, which shows that its stock is trading marginally close to overbought territory. An RSI score of above 70 indicates that a stock is overbought, while an RSI score of below 30 indicates that a stock is oversold.