ATVI keeps its strength
Context Technical Analysis
Since the beginning of May, ATVI has been moving horizontally.
Despite that, the price is still above its rising 10- 20- and 50-day moving averages.
Due to the lack of trend momentum has lost some of its strength. It remains, though, above its signal line.
The Relative Strength of ATVI has been rising and moving mostly above its 20-day exponential moving average since late February.
Higher Time Frame
From ATVI’s weekly chart below, we can see:
· ATVI has moved above its 10- and 20-week moving average with a series of bullish candlesticks
· The MACD is rising and it's above its signal line
· ATVI's Relative Strength is moving up and well above its 20-week moving average.