In this daily bar chart of ATVI, below, we can see that prices were cut in half form early October to February. Since December prices have traded sideways between $40 and $50. Prices have crossed below and above the mostly neutral 50-day moving average line.
The On-Balance-Volume (OBV) line has drifted up from a February low and suggests that buyers of ATVI have returned.
The trend-following Moving Average Convergence Divergence (MACD) oscillator has been crossing above and below the zero line for several months telling us that the trend is neutral.
In this weekly bar chart of ATVI, below, we can see that prices are still below the declining 40-week moving average line.
The weekly OBV line is showing stability and the MACD oscillator gave a cover shorts buy signal in early March.
In this Point and Figure chart of ATVI, below, we get a different view of prices. Here the software is projecting a potential upside price target of near $55.
Bottom line strategy: A strong close above $50 will make the charts of ATVI look a lot more promising. Stay long ATVI or go long on a close above $50. Risk to $41 with targets of $55 and $65.