TAKE-TWO INTERACTIVE SOFTWRE (NASDAQ:TTWO) – A Strong Technical Setup in Gaming

TAKE-TWO INTERACTIVE SOFTWRE (NASDAQ:TTWO) has been identified as a standout candidate in our technical breakout screen. The stock combines strong momentum with a well-defined consolidation pattern, making it worth a closer look for traders focused on technical setups.

Technical Strength

TTWO currently holds a perfect 10 in ChartMill’s Technical Rating, reflecting its strong trend across multiple timeframes. Key factors supporting this score include:

• Positive trends: Both short-term and long-term trends are upward.
• Relative strength: The stock has outperformed 87% of the market over the past year.
• Moving averages: The price remains above key averages (20-day, 50-day, 100-day, and 200-day), confirming bullish momentum.
• Industry leadership: TTWO ranks in the top 30% of entertainment stocks, reinforcing its relative strength.

Setup Quality

With a Setup Rating of 9, TTWO presents a high-probability consolidation pattern:

• Tight trading range: The stock has been consolidating between $233.15 and $245.07 over the past month.
• Support and resistance: Strong support sits near $235.71, while resistance begins at $238.91. A breakout above $243.07 could signal further upside.
• Declining volatility: The narrowing price range suggests a potential breakout is forming.
• Institutional interest: Recent volume patterns indicate accumulation by larger investors.

The full technical report provides additional details on entry and exit levels, risk management, and historical performance.

For more breakout opportunities, check our Technical Breakout Setups screener, updated daily.

Disclaimer

This is not investment advice. Always conduct your own research and consider risk management before trading.