TAKE-TWO INTERACTIVE SOFTWRE (TTWO) Stock Technical Analysis
NASDAQ:TTWO - Nasdaq - US8740541094 - Common Stock - Currency: USD
Taking everything into account, TTWO scores 10 out of 10 in our technical rating. 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.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, TTWO did better than 88% of all other stocks. We also observe that the gains produced by TTWO over the past year are nicely spread over this period.
TTWO is part of the Entertainment industry. There are 72 other stocks in this industry. TTWO outperforms 77% of them.
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 2449160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TTWO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 241.45. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 239.03, a Stop Loss order could be placed below this zone. 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
136.09
245.49
5 important support areas can be observed.
- A support zone ranging from 237.71 to 239.88. 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 224.98 to 227.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 215.84 to 219.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @156.15 from a trend line in the weekly time frame.
- Support @137.46 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 240.80 to 243.06. 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 | UP | POSITIVE | The short term trend for TTWO is up. |
| ChartMill Relative Strength | 88.27 | POSITIVE | TTWO has a high relative strength, it outperformed 88.27% 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) | 57.85 | NEUTRAL | The RSI value for TTWO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests TTWO has a negative trend. |
| Stochastics (14,3) | 66.62 | NEUTRAL | The Stochastics value for TTWO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for TTWO suggests low volalility. |
| Average Directional Index/ADX (14) | 17.64 | NEGATIVE | The low ADX value for TTWO suggests a weak or negative 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 |
|---|---|---|---|
| 243.07 | 235.54 | 7.53 (3.10%) | 25.00% |
| An entry @243.07. This is a Buy Stop order right above the resistance zone. | An exit @235.54. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 7.53 points, which is 3.10%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.77%. |
- 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.
240.11
+0.6 (+0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg0.25%
1 Week0.33%
2 Weeks0.68%
1 Month4.77%
3 Month23.4%
6 Month27.21%
12 Month58.24%
2 Year57%
3 Year80.9%
5 Year46.39%
10 Year660.32%
15 Year2242.54%
Volatility
ATR(14)5.26
ATR(20)%1.98%
ATR Inc-29.02%
Range Today3.98
ADR(20)4.73
ADR(20)%1.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.27
Mansfield1.71
10 Day High245.08
10 Day Low235.55
20 Day High245.08
20 Day Low228.83
52 Week High245.08
52 Week Low135.24
CS1 End239.03
CR1 Start241.45
Volume & EV
DER(3)1.3%
DER(5)1.04%
Volume1.01M
Volume Incr23.37%
Vol(5)2.48M
Vol(50)2.45M