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Uptrend ExhaustionArchive
- 4/19/2024 -
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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 -6.67 points, or -4.53%, and closed at 140.60 on Friday, April 19, 2024. It was the worst weekly loss since February 9, 2024. Weekly volume was 14% above average.
TTWO is a member of Interactive Home Entertainment Industry. Interactive Home Entertainment is the fourth 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 uptrend support line (145.12) 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 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 139.25 on April 19, 2024. TTWO lost 32.34 points, or 18.85%, in 10 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See TTWO weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. 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 Williams' Percentage Range 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 and getting bigger. It indicates that the current medium-term downtrend is strong. 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 April 9, 2024 at 156.25 and reached 139.25 on April 19, 2024. TTWO lost 17.00 points, or 10.88%, in 10 days. The price is now at the 7.94% retracement level.
 Daily Technical Indicators: [See TTWO daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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.
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