Short Term Upside Price Target = $74.90 (Our Opinion)
Short Term Downside Price Target = $68.14 (Our Opinion)
$ATVI has slowly been recovering from a sharp selloff to $63 levels not too long ago. With that being said, we took some time to look at the charts on the stock. As you can see above we have price targets of both 74.90 on the upside and 68.14 on the down side. Let's take a look at the chart below.
As you can see from the chart above, we have been looking at some key resistance/support levels in our opinion. $ATVI has been flirting with the 70.93 support level the last few trading sessions. With that being said, we could see this stock going either way as of now. We will wait to see if it truly accepts or rejects 70.93 levels. IF the stock can accept 70.93 and hold it, we are looking at a potential rally to $74.00 levels. On the other hand, if it cannot hold support, we could see a sell off to $68.00 levels. There is a bullish MACD potentially forming right now which we will watch closely. The RSI is showing some downward movement, which could change if the MACD crossover is confirmed in our opinion. IF the MACD fails the crossover, we could see the RSI continuing to go down and eyeing the $68 support levels.
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