TTWO bullish trend to continue, up 4% to $129.58 or more in a month with 88% chance
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.
TTWO in upward trend: price rose above 50-day moving average on October 04, 2024
TTWO moved above its 50-day moving average on October 04, 2024 date and that indicates a change from a downward trend to an upward trend. In of 34 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 04, 2024. You may want to consider a long position or call options on TTWO as a result. In of 88 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 October 08, 2024. Looking at past instances where TTWO's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .
The 10-day moving average for TTWO crossed bullishly above the 50-day moving average on October 09, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
The 50-day moving average for TTWO moved above the 200-day moving average on October 17, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TTWO advanced for three days, in of 343 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 10-day RSI Indicator for TTWO moved out of overbought territory on October 28, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 26 similar instances where the indicator moved out of overbought territory. In of the 26 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 13 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
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 .
TTWO broke above its upper Bollinger Band on October 22, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for TTWO entered a downward trend on October 11, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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 Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. TTWO’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock better than average.
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 (30.698). P/E Ratio (61.728) is within average values for comparable stocks, (161.895). Projected Growth (PEG Ratio) (2.500) is also within normal values, averaging (2.738). Dividend Yield (0.000) settles around the average of (0.083) among similar stocks. P/S Ratio (4.708) is also within normal values, averaging (55.771).
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.
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a developer of interactive entertainment software
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