TAKE-TWO INTERACTIVE SOFTWRE (TTWO) Stock Technical Analysis
USA - NASDAQ:TTWO - US8740541094 - Common Stock
Overall TTWO gets a technical rating of 9 out of 10. In the last year, TTWO was one of the better performers, but we do observe some doubts in the very recent evolution.
Besides having an excellent technical rating, TTWO also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 255.45, a Stop Loss order could be placed below this zone.
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217.31
3 important support areas can be observed.
- A support zone ranging from 247.84 to 255.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 235.26 to 236.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @219.50 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 256.76 to 262.30. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for TTWO is neutral. |
| ChartMill Relative Strength | 87.94 | POSITIVE | TTWO has a high relative strength, it outperformed 87.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TTWO is below a declining 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) | 53.76 | NEUTRAL | The RSI value for TTWO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.08 | NEGATIVE | The MACD value suggests TTWO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.22 | NEUTRAL | The Stochastics value for TTWO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for TTWO suggests low volalility. |
| Average Directional Index/ADX (14) | 15.01 | NEGATIVE | The low ADX value for TTWO suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 262.31 | 249.23 | 13.08 (4.99%) | 20.05% |
| An entry @262.31. This is a Buy Stop order right above the resistance zone. | An exit @249.23. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 13.08 points, which is 4.99%. | For a 1.00% total portfolio risk, you can invest 20.05% of your capital in this trade. |
- 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.
256.37
+3.59 (+1.42%)
TAKE-TWO INTERACTIVE SOFTWRE / TTWO FAQ
What is the ChartMill technical rating of TAKE-TWO INTERACTIVE SOFTWRE (TTWO) stock?
ChartMill assigns a technical rating of 9 / 10 to TTWO.
What is the current trend direction of TAKE-TWO INTERACTIVE SOFTWRE (TTWO) stock?
The current trend direction for TAKE-TWO INTERACTIVE SOFTWRE (TTWO) is Bullish.
Can you provide the RSI signal for TAKE-TWO INTERACTIVE SOFTWRE?
TAKE-TWO INTERACTIVE SOFTWRE (TTWO) has an RSI value of 53.7642. This indicates that the stock is currently neutral.
What is the MACD signal for TTWO stock?
The MACD indicator for TAKE-TWO INTERACTIVE SOFTWRE (TTWO) has a value of -1.07847, indicating a bearish trend.
What is the short term momentum for TTWO stock?
The short term momentum for TAKE-TWO INTERACTIVE SOFTWRE (TTWO) is neutral.