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Uptrend ExhaustionArchive
- 12/13/2024 -
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Take-Two Interactive (TTWO) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Take-Two Interactive (TTWO). During the week, the TTWO dropped -4.21 points, or -2.22%, and closed at 185.50 on Friday, December 13, 2024. It was the worst weekly loss since September 13, 2024. Weekly volume was -34% below average.
TTWO is a member of Communication Services Sector. Communication Services is the most overbought sector. 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 191.91 on December 6, 2024. TTWO gained -101.91 points, or -113.23%, in 108 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (145.78) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line in a long-term trend.
 Medium-term trend: [See TTWO medium-term trend chart]
A medium-term uptrend had started on October 3, 2024 at 146.76 and reached 191.91 on December 6, 2024. TTWO gained -45.15 points, or -30.76%, in 9 weeks. The price is now at the 14.20% retracement level.
 Weekly Technical Indicators: [See TTWO weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since October 11, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term uptrend 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 downtrend had started on December 6, 2024 at 191.91 and reached 184.70 on December 13, 2024. TTWO lost 7.21 points, or 3.76%, in 7 days. The price is now at the 11.10% retracement level.
 Daily Technical Indicators: [See TTWO daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since November 27, 2024. This is an indication that the short-term trend is down.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
The price is close to the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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