Take-two Interactive Software, Inc. Stock Forecast

Weaker technical forecast for Take-two Interactive Software, Inc. as stock downgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)

0LCX.L Signals & Forecast

The Take-two Interactive Software, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $157.40. On a fall, the stock will find some support from the long-term average at approximately $155.51. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -6.89%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Thursday, May 16, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, October 06, 2023.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Take-two Interactive Software, Inc. stock

Take-two Interactive Software, Inc. finds support from accumulated volume at $154.23 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.16 (1.38%) between high and low. For the last week, the stock has had daily average volatility of 1.26%.

Our recommended stop-loss: $147.74 (-5.30%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 48 days ago.)

Trading Expectations (0LCX.L) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Take-two Interactive Software, Inc. to open at $156.72, and during the day (based on 14 day Average True Range), to move between $153.34 and $158.68, which gives a possible trading interval of +/-$2.67 (+/-1.71%) up or down from last closing price. If Take-two Interactive Software, Inc. takes out the full calculated possible swing range there will be an estimated 3.42% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $154.23 (1.14%) than the resistance at $158.53 (1.61%), 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, Inc. stock A Buy?

Take-two Interactive Software, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Take-two Interactive Software, Inc. of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.