As a financial analytics and trader, I have analyzed Take-Two Interactive Software (TTWO) and have identified a bullish trend. Currently trading at $124.6, I expect the stock to continue its uptrend and grow by 4% to $129.58 or more within the next month.
My analysis is based on similar scenarios where TTWO has trended up during the month. Based on historical data, the odds of an uptrend continuation are 88%. This is a strong indication that the stock is likely to continue its upward momentum.
In addition to historical data, there are other factors that suggest TTWO is a good investment at this time. Take-Two Interactive Software is a leading video game developer, known for titles such as Grand Theft Auto and NBA 2K. The company has a strong track record of producing successful games and has a loyal customer base.
Furthermore, the video game industry is experiencing a period of growth due to the pandemic, as people spend more time at home and turn to gaming for entertainment. As a result, demand for video games is likely to remain high, which bodes well for companies like TTWO.
My analysis indicates that TTWO is a strong investment opportunity. With a bullish trend and historical data suggesting an uptrend continuation, investors can expect to see a 4% growth in the stock price or more within the next month. Combined with TTWO's strong track record and the growth of the video game industry, this is an excellent time to invest in Take-Two Interactive Software.
The RSI Oscillator for TTWO moved out of oversold territory on April 23, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 27 similar instances when the indicator left oversold territory. In of the 27 cases the stock moved higher. This puts the odds of a move higher at .
The Momentum Indicator moved above the 0 level on May 02, 2024. You may want to consider a long position or call options on TTWO as a result. In of 93 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for TTWO just turned positive on May 02, 2024. Looking at past instances where TTWO's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TTWO advanced for three days, in of 345 cases, the price rose further within the following month. The odds of a continued upward trend are .
TTWO may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 266 cases where TTWO Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
TTWO moved below its 50-day moving average on April 11, 2024 date and that indicates a change from an upward trend to a downward trend.
The 50-day moving average for TTWO moved below the 200-day moving average on April 19, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TTWO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. TTWO’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.007) is normal, around the industry mean (29.992). P/E Ratio (61.728) is within average values for comparable stocks, (155.575). Projected Growth (PEG Ratio) (2.500) is also within normal values, averaging (2.725). Dividend Yield (0.000) settles around the average of (0.081) among similar stocks. P/S Ratio (4.708) is also within normal values, averaging (55.531).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a developer of interactive entertainment software
Industry PackagedSoftware