Take-Two Interactive Software Stock Forecast
Take-Two Interactive Software stock price ended at $154.65 on Tuesday, after gaining 0.233%.
(Updated on Jul 02, 2024)
The Take-Two Interactive Software stock price gained 0.233% on the last trading day (Tuesday, 2nd Jul 2024), rising from $154.29 to $154.65. During the last trading day the stock fluctuated 0.752% from a day low at $154.29 to a day high of $155.45. The price has fallen in 7 of the last 10 days and is down by -1.75% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 385 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $232.70 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $153.01 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 10.61% during the next 3 months and, with a 90% probability hold a price between $169.24 and $190.49 at the end of this 3-month period.
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TTWO Signals & Forecast
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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. On corrections up, there will be some resistance from the lines at $156.81 and $156.40. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -7.63%. 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). The stock had a Golden Star Signal on Thursday, May 16, 2024 in the short-term chart.
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.
Golden Star
The stock had a Golden Star Signal on Thursday, May 16, 2024 in the short-term chart.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 stock
Take-Two Interactive Software finds support from accumulated volume at $147.84 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 $1.16 (0.752%) between high and low. For the last week, the stock has had daily average volatility of 1.43%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TTWO) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Take-Two Interactive Software to open at $154.80, and during the day (based on 14 day Average True Range), to move between $151.73 and $157.57, which gives a possible trading interval of +/-$2.92 (+/-1.89%) 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 3.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $156.79 (1.38%) than the support at $147.84 (4.40%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Take-Two Interactive Software stock A Buy?
The Take-Two Interactive Software stock holds several negative signals and despite the positive trend, we believe Take-Two Interactive Software will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.045 Sell Candidate Unchanged
Predicted Opening Price for Take-Two Interactive Software of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$154.80 ( 0.0948%) | $154.65 |
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 | |
---|---|---|
R3 | 155.96 | 0.84% |
R2 | 155.51 | 0.558% |
R1 | 155.24 | 0.381% |
Price | 154.65 | |
S1 | 154.35 | -0.192% |
S2 | 154.08 | -0.369% |
S3 | 153.64 | -0.655% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 159.67 | 3.25% |
R2 | 158.22 | 2.31% |
R1 | 156.79 | 1.38% |
Price | 154.65 | |
S1 | 147.84 | -4.40% |
S2 | 146.08 | -5.54% |
S3 | 145.88 | -5.67% |
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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