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Uptrend ExhaustionArchive
- 4/5/2024 -
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Take-Two Interactive (TTWO) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Take-Two Interactive (TTWO). During the week, the TTWO gained 2.55 points, or 1.72%, and closed at 151.04 on Friday, April 5, 2024. Weekly volume was -15% below average.
TTWO is a member of Interactive Home Entertainment Industry. Interactive Home Entertainment is the fifth most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See TTWO long-term trend chart]
A long-term uptrend had started on November 8, 2022 at 90.00 and reached 171.59 on February 8, 2024. TTWO gained -81.59 points, or -90.66%, in 65 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 143.66 and resistance is at 178.73. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
 Medium-term trend: [See TTWO medium-term trend chart]
A medium-term downtrend had started on February 8, 2024 at 171.59 and reached 141.45 on March 14, 2024. TTWO lost 30.14 points, or 17.57%, in 5 weeks. The price is now at the 31.82% retracement level.
 Weekly Technical Indicators: [See TTWO weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since February 9, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
 Short-term trend: [See TTWO short-term trend chart]
A short-term uptrend had started on March 25, 2024 at 141.83 and reached 153.39 on April 4, 2024. TTWO gained -11.56 points, or -8.15%, in 10 days. The price is now at the 20.33% retracement level.
 Daily Technical Indicators: [See TTWO daily technical indicators chart]
Daily technical indicators are neutral. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is above its signal line since March 12, 2024. This is an indication that the short-term trend is up.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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