ATVI stock: buy or sell
Updated on:
Jan 27th, 2021
2
ATVI stock brief
- Activision stock inched down -1.09% to close at $92.38 on the stock market today, after 4 consecutive sessions in red.
- Raymond James published a bullish rating for Activision on Monday
Should I buy Activision stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. 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?
Currently, Activision stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $ATVI will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Activision stock?
Knowing when to sell a stock is even harder than knowing when to buy it. As when we have to buy shares, choosing when is appropiate time to sell is not a random decision, and we must use our own trading strategy. When selling, as well as buying, detailed setups are very easy to follow but are only valid for selling shares in your porfolio, not for selling short $ATVI stock
A golden rule is that you should not hold a trading operation that generates losses greater than those expected upon purchase. The moment to sell shares always has to be dictated by the stop-loss (automatic or manual)
Is it time to sell Activision stock?
In the current situation of Activision there is not any eligible sell setup, so Activision stock holders with operations in profit can keep their positions
Activision ratings
In the last month, 4 ratings were published for Activision. General sentiment is bullish, with 3 out of 4 posting positive outlooks
| Brokerage firm | Rating |
|---|---|
| Dec 28th, 2020 | |
| Truist | |
| Jan 14th, 2021 | |
| Deutsche Bank Aktiengesellschaft | |
| MKM Partners | Neutral |
| Jan 25th, 2021 | |
| Raymond James | Buy |
Activision stock analysis
SMAs overview
Supports and resistances
The current resistances are:
The current support levels are:
Bollinger bands
Since the price surpassed the upper band last Thursday, the price sliced by 3.47%
Relative strength index
The RSI dropped below the overbought level of 70 on January 4 after just crossing to the overbough zone for a single day (weak signal). The RSI reading on Tuesday was 57.64. Activision shares merely moved a 0.51% since that level was lost
Activision stock price history
Activision went public priced at an adjusted price1 of $1.12 on Oct 1993. Since then, ATVI stock surged by 8,148.21%, with an average of 301.79% per year. If you had invested thousand dollars in Activision stock at that time, it would have a value of $82,482.14 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Activision stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis forecasting how a particular stock will performance in the future.
The following table shows the price forecasts posted by analysts over the last 30 days. If you are a small trader you must not buy or sell based on these predictions.
There are 3 price predictions released for Activision that average $98.33. Activision closed at $92.38 on Tuesday, so the target price is forecasting a growth by 6.44%.
| Brokerage firm | Price target |
|---|---|
| Dec 28th, 2020 | |
| Truist | $90.00 → $90.00 |
| Jan 14th, 2021 | |
| Deutsche Bank Aktiengesellschaft | $90.00 → $100.00 |
| MKM Partners | $100.00 → $105.00 |
| Jan 25th, 2021 | |
| Raymond James | Not available |
Earnings and financials
Activision Blizzard, Inc. ($ATVI) posted quarterly earnings of $0.71 per share last October, slightly beating the analysts consensus estimate of $0.65 per share. This Q3 report represents an earnings surprise of 9.23%. Turnover was $1.8 billion compared to $1.7 billion forecasted by market consensus.
Same quarter last year, reported EPS was $0.32, so recently reported EPS is an increase of 121.88%. Turnover exploded a 52.42% on an annualized basis in the , from $12.8B to $19.5B last quarter.ATVI ($ATVI) posts quarterly earnings report on Thursday next week. Analysts estimate of $1.17, that is a 64.79% higher than previous quarter.
Activision performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Activision ($ATVI) | 2.30% | 14.40% | 13.50% |
Important note:
The opinions written in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this article does not have an understanding of the particular conditions 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 education motives onlyATVI summary
| Tuesday, January 26th, 2021 | |
|---|---|
| Open | $93.35 |
| Close | $92.38 |
| Day range | $92.14 - $93.68 |
| Previous close | $93.4 |
| Session gain | -1.09% |
| Average true range | $2.74 |
| 50d mov avg | $85.59 |
| 100d mov avg | $82.56 |
| 200d mov avg | $79.07 |
| Earnings date | February 4th, 2021 |