Take-Two Interactive Software Stock Forecast
Take-Two Interactive Software stock price up 1.49% on Friday
(Updated on May 24, 2024)
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $154.98 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Take-Two Interactive Software stock with a 90% probability to be traded between $140.64 and $155.50 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
TTWO Signals & Forecast
Mostly positive signals in the chart today. The Take-Two Interactive Software stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $150.54 and $146.58. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 10.46%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 $3.38 (2.23%) between high and low. For the last week, the stock has had daily average volatility of 2.28%.
Our recommended stop-loss: $149.65 (-3.20%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 33 days ago.)
Trading Expectations (TTWO) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Take-Two Interactive Software to open at $153.85, and during the day (based on 14 day Average True Range), to move between $151.34 and $157.86, which gives a possible trading interval of +/-$3.26 (+/-2.11%) 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 4.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $154.70 (0.06%) than the support at $147.84 (4.37%), 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?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Take-Two Interactive Software stock to perform well in the short-term period.
Current score: 3.710 Buy Candidate Unchanged
Predicted Opening Price for Take-Two Interactive Software of Tuesday, May 28, 2024
Fair opening price May 28, 2024 | Current price |
---|---|
$153.85 ( 0.483%) | $154.60 |
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 | 157.23 | 1.70 % | |
R2 | 155.94 | 0.87 % | ||
R1 | 155.14 | 0.352 % | ||
Current price: | 154.60 | |||
Support | S1 | 152.56 | -1.32 % | |
S2 | 151.77 | -1.83 % | ||
S3 | 150.48 | -2.67 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 154.70 | 0.0647 % | ||
Current price | 154.60 | |||
Support | S1 | 147.84 | -4.37% | |
S2 | 146.14 | -5.47% | ||
S3 | 143.91 | -6.91% |
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
Click here for our free guide on how to buy Take-Two Interactive Software Stock.