ATVI stock: buy or sell
Updated on:
May 17th, 2021
2
ATVI stock brief
- Activision stock slightly changed -0.07% to close at $93.35 on the stock market last Friday.
- On May 4, Activision posted its Q1 financial report
- BMO Capital Markets and Morgan Stanley posted bullish ratings for Activision last Tuesday, with an average forecast of $118.00
- Activision Blizzard, Inc., together with its subsidiaries, develops and publishes interactive entertainment content and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
Should I buy Activision stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $ATVI stock a buy?
In the current situation of Activision there is not any eligible buy setup. This doesn't mean we expect a selloff for $ATVI in coming sessions, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Activision stock?
"To sell or not to sell", if you are holding Activision stock?. Just as when we have to buy shares, deciding when is appropiate time to sell is not a random decision, and we must adhere our own trading strategy. We like very simple setups to guide us on when is the best time to sell a stock. Be aware that these setups should not be used for selling short Activision stock
As a rule of thumb, you must never hold an open trade that leads to greater losses than those expected upon the buy. The timing to sell shares always has to be determined by the stop-loss (automatic or manual)
Is it time to sell Activision stock?
Currently, Activision stock doesn't match any of our preferred sell setups, so if you own Activision shares and your operation is in profit probably is not time to sell now
Activision ratings
In the last 30 days, 7 ratings were published for Activision. General sentiment is bullish, with 6 out of 7 posting positive forecasts
| Brokerage firm | Rating |
|---|---|
| Apr 23rd, 2021 | |
| Jefferies Financial Group | |
| Apr 26th, 2021 | |
| Benchmark | |
| May 3rd, 2021 | |
| Benchmark | |
| May 5th, 2021 | |
| Morgan Stanley | Buy |
| May 10th, 2021 | |
| Deutsche Bank Aktiengesellschaft | |
| May 11th, 2021 | |
| BMO Capital Markets | |
| Morgan Stanley | Buy |
Activision stock analysis
SMAs overview
Supports and resistances
The current resistances are:
The current support levels are:
Bollinger bands
Since the price broke down the lower band on May 4, the price rebounded by 6.76%
Relative strength index
When the moves for so long below 70 and above 30, without showing moments of overbought and oversold, the indicator turns out to be of little use, and we currently are in such a case.
Activision stock price history
Activision started trading on Oct 25th, 1993 priced at $1.11 per share1. Since then, ATVI stock has risen by 8,309.91%, with an average of 307.77% per year. An investment of $1,000USD at that time would have a value of $84,099.10 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Activision stock
Nobody knows how much a stock will be priced tomorrow. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.
The following table shows the price target published by financial institutions over the last 30 days. Again, these predictions are not direct recommendations for small investors and should not be trusted blindly.
Averaging all price targets exposed below, the forecasted price for Activision stock is $119.14. Activision closed at $93.35 last Friday, so the target price is expecting a growth by 27.63%.
| Brokerage firm | Price target |
|---|---|
| Apr 23rd, 2021 | |
| Jefferies Financial Group | $120.00 |
| Apr 26th, 2021 | |
| Benchmark | $118.00 → $120.00 |
| May 3rd, 2021 | |
| Benchmark | $118.00 → $120.00 |
| May 5th, 2021 | |
| Morgan Stanley | $115.00 → $120.00 |
| May 10th, 2021 | |
| Deutsche Bank Aktiengesellschaft | $115.00 → $118.00 |
| May 11th, 2021 | |
| BMO Capital Markets | $116.00 → $116.00 |
| Morgan Stanley | $115.00 → $120.00 |
Earnings and financials
On May 4, Activision Blizzard, Inc. ($ATVI) posted EPS for that highly surpassed Market expectations. Quarterly EPS was $0.84 per share from an estimated $0.70. This Q1 report represents an earnings surprise of 20.00%. Company's sales was $2.1 billion versus $1.8 billion predicted by market consensus.
This compares to Earnings of $0.58 per share a year ago, so posted EPS means an increase of 44.83%. Revenue skyrocketed a 27.24% on an annualized basis in the , from $17.9B to $22.8B last quarter.ATVI ($ATVI) releases earnings report next August. Wall Street predicts of $0.74, compared to Q1 that was $0.84.
Activision performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Activision ($ATVI) | -4.80% | -9.60% | 21.60% |
Important note:
The opinions given in this article are personal and not recommendations for you to buy or sell stocks. The author of this paper does not have any knowledge of the specific circumstances of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are provided for general educational motives onlyATVI summary
| Friday, May 14th, 2021 | |
|---|---|
| Open | $94.4 |
| Close | $93.35 |
| Day range | $93.06 - $94.4 |
| Previous close | $93.42 |
| Session gain | -0.07% |
| Average true range | $3.02 |
| 50d mov avg | $93.10 |
| 100d mov avg | $93.47 |
| 200d mov avg | $86.85 |
| Earnings date | August 3rd, 2021 |