Activision Blizzard (ATVI) Headed Higher As Morgan Stanley Raises Price Target

activision blizzard stock atvi price target raised analysis long term bullish investing news image june 9

Activision Blizzard NASDAQ: ATVI Weekly Chart

This morning, Morgan Stanley raised their price target on Activision Blizzard (ATVI) from $76 to $80.

Morgan Stanley also maintained an overweight rating on the stock.

In this blog post, we will review our multi-timeframe analysis on ATVI.

At we use technical analysis to evaluate price charts of stocks, futures, and ETF’s. We use a combination of cycle, trend and momentum chart studies, on multiple timeframes, to present a “sum of the evidence” directional outlook in time and price. 

askSlim Technical Briefing:

ATVI’s monthly momentum is firmly positive. The weekly cycle analysis suggests that ATVI is in an intermediate-term rising phase. The next projected intermediate-term low is due between early September and the middle of October.

activision blizzard stock atvi bullish price indicators analysis news image june 9

The daily cycle analysis suggests that ATVI has just formed a short-term low and is now in a rising phase.

On the upside, there is a Fibonacci extension zone from 75.02  77.31.

On the downside, there is a short-term support zone from 69.15 – 67.55. For the bears to gain control of the short-term, we would need to see a close below 65.25.

askSlim Sum of the Evidence:

ATVI is in a bullish condition across the monthly, weekly and daily timeframes. There is a likelihood that the stock tests the short-term Fibonacci extension zone beginning at 75 by the end of July.


Interested in askSlim?

Get professional grade technical analysis, trader education and trade planning tools at Write to and mention See It Market in your email for special askSlim membership trial offers!

Twitter:  @askslim

Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

Sign up for our FREE newsletter
and receive our best trading ideas and research