TAKE-TWO INTERACTIVE SOFTWRE (TTWO) Stock Technical Analysis
USA - NASDAQ:TTWO - US8740541094 - Common Stock
246.26 USD
-0.28 (-0.11%)
245 USD
-1.26 (-0.51%)
We assign a technical rating of 10 out of 10 to TTWO. Both in the recent history as in the last year, TTWO has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, TTWO did better than 86% of all other stocks. On top of that, TTWO also shows a nice and consistent pattern of rising prices.
TTWO is one of the better performing stocks in the Entertainment industry, it outperforms 73% of 80 stocks in the same industry.
TTWO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
TTWO is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
TTWO has an average volume of 1660110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, TTWO also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
157.03
251.28
When analyzing the support we can see 5 important areas.
- A support zone ranging from 242.69 to 245.37. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 232.01 to 236.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 224.82 to 224.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 217.36 to 219.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @158.62 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 246.27 to 248.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for TTWO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TTWO is up. |
| ChartMill Relative Strength | 86.72 | POSITIVE | TTWO has a high relative strength, it outperformed 86.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TTWO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TTWO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TTWO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.18 | NEUTRAL | The RSI value for TTWO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.22 | POSITIVE | The MACD value suggests TTWO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.3 | NEUTRAL | The Stochastics value for TTWO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.93 | LOW VOLATILITY | The low ATR as a percentage value for TTWO suggests low volalility. |
| Average Directional Index/ADX (14) | 32.37 | POSITIVE | The high ADX value value for TTWO suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 248.80 | 242.68 | 6.12 (2.46%) | 25.00% |
| An entry @248.80. This is a Buy Stop order right above the resistance zone. | An exit @242.68. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 6.12 points, which is 2.46%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.61%. |
- The distance between exit and entry is rather small compared to the average daily movement of TTWO. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
246.26
-0.28 (-0.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg-0.11%
1 Week2.75%
2 Weeks4.84%
1 Month5.62%
3 Month6.96%
6 Month20.38%
12 Month61.82%
2 Year75.41%
3 Year125.93%
5 Year49.05%
10 Year757.15%
15 Year2328.6%
Volatility
ATR(14)5.15
ATR(20)%1.93%
ATR Inc-17.49%
Range Today4.26
ADR(20)4.61
ADR(20)%1.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.72
Mansfield0.89
10 Day High250.45
10 Day Low229.33
20 Day High250.45
20 Day Low225.54
52 Week High250.45
52 Week Low146.76
CS1 End245.37
CR1 Start246.27
Volume & EV
DER(3)-1.78%
DER(5)-1.36%
Volume1.00M
Volume Incr-25.9%
Vol(5)1.26M
Vol(50)1.66M