The Greedy Trader Weekly Analysis
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- 3/15/2024 -
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Take-Two Interactive (TTWO) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is oversoldTrend support at 141.62Broken trend support line
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineA Parabolic SAR indicator is below and near the price
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It was a first positive week after 6 consecutive negative weeks for the Take-Two Interactive (TTWO). During the week, the TTWO climbed 0.18 points, or 0.13%, and closed at 143.91 on Friday, March 15, 2024. It was the best weekly gain since January 26, 2024. Weekly volume was 31% above average.

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 price is near the trend support (141.62) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See TTWO medium-term trend chart]
A medium-term uptrend had started on October 30, 2023 at 130.34 and reached 171.59 on February 8, 2024. TTWO gained -41.25 points, or -31.65%, in 14 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (182.98) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. TTWO may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See TTWO weekly technical indicators chart]
Weekly Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly 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. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See TTWO short-term trend chart]
A short-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 35 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 139.97 and resistance is at 145.70. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a short-term trend.

Daily Technical Indicators: [See TTWO daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Williams' Percentage Range help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

A Parabolic SAR (stop and reversal) indicator (144.9) comes close to the price (143.91). It indicates that the trend is getting weaker. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.59
Williams' Percentage Range (W%R) 88.10
Oversold
Lane's Stochastic (%D-Slow) 34.08
Greed/Fear Indicator (GFI) 27.18
Moving Average Converg./Diverg. (MACD) -3.84
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.85
Williams' Percentage Range (W%R) 68.60
Lane's Stochastic (%D-Slow) 9.59
Strong Oversold
Greed/Fear Indicator (GFI) 27.67
Moving Average Converg./Diverg. (MACD) 5.03
Trading Signals
Description Value Chart
50 Day Moving Average 156.43
Upper Bollinger Band 154.76
20 Day Moving Average 147.41
Weekly Trendline Resistance 145.70
Parabolic System 144.90
Price 143.91
Weekly Stochastic Crossing 143.75
Daily Stochastic Crossing 143.37
Lower Bollinger Band 141.80
Quarterly Trendline Support 141.62
Weekly Trendline Support 139.97
Sector and Industry
Description Name Rank
Sector Communication Services 5
Industry Interactive Home Entertainment 11
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 141.45
Low Date 03/14/2024
High 144.67
High Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 145.70
Support 139.97
High 171.59
High Date 02/08/2024
Low 141.45
Low Date 03/14/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 176.14
Support 182.98
Low 130.34
Low Date 10/30/2023
High 171.59
High Date 02/08/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 176.69
Support 141.62
Low 90.00
Low Date 11/08/2022
High 171.59
High Date 02/08/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 195.82
High Date 11/05/2021
Low 90.00
Low Date 11/08/2022
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.