Take-Two Interactive Software Stock Forecast
Take-Two Interactive Software stock upgraded to Hold/Accumulate.
(Updated on Mar 28, 2024)
The Take-Two Interactive Software stock price gained 1.07% on the last trading day (Thursday, 28th Mar 2024), rising from $146.92 to $148.49. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.99% from a day low at $144.58 to a day high of $150.34. The price has risen in 9 of the last 10 days and is up by 3.28% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 471 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $245.02 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.17% during the next 3 months and, with a 90% probability hold a price between $121.85 and $138.29 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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TTWO Signals & Forecast
There are mixed signals in the stock today. The Take-Two Interactive Software stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $148.75 and $149.29. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, March 08, 2024, and so far it has risen 3.31%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Take-Two Interactive Software stock
Take-Two Interactive Software finds support from accumulated volume at $146.14 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $5.77 between high and low, or 3.99%. For the last week the stock has had daily average volatility of 2.92%.
Our recommended stop-loss: $140.50 (-5.38%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (TTWO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Take-Two Interactive Software to open at $147.80, and during the day (based on 14 day Average True Range), to move between $144.82 and $152.16, which gives a possible trading interval of +/-$3.67 (+/-2.47%) up or down from last closing price. If Take-Two Interactive Software takes out the full calculated possible swing range there will be an estimated 4.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $146.14 (1.58%) than the resistance at $154.91 (4.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Take-Two Interactive Software stock A Buy?
Take-Two Interactive Software holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.757 Hold/Accumulate Upgraded
Predicted Opening Price for Take-Two Interactive Software of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$147.80 ( 0.464%) | $148.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TTWO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 153.57 | 3.42 % | |
R2 | 151.36 | 1.94 % | ||
R1 | 150.00 | 1.02 % | ||
Current price: | 148.49 | |||
Support | S1 | 145.60 | -1.95 % | |
S2 | 144.24 | -2.86 % | ||
S3 | 142.04 | -4.35 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 169.60 | 14.22 % | |
R2 | 155.27 | 4.57 % | ||
R1 | 154.91 | 4.32 % | ||
Current price | 148.49 | |||
Support | S1 | 146.14 | -1.58% | |
S2 | 143.94 | -3.06% | ||
S3 | 143.91 | -3.08% |
TTWO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 19, 2008 | Sep 25, 2008 | Oct 06, 2008 | $0.0010 | 0.0069% |
FAQ
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