GTA VI PLAYGTA VI is in play and not priced in yet. We are gonna see more and more trailers comming and once marketing begins we will blast up minimum 70%. This is my prediction. NFA
TTWO trade ideas
TAKE-TWO INTERACTIVE SOFTWARE $TTWO - Feb. 28th, 2024TAKE-TWO INTERACTIVE SOFTWARE NASDAQ:TTWO - Feb. 28th, 2024
BUY/LONG ZONE (GREEN): $153.00 - $168.45
DO NOT TRADE/DNT ZONE (WHITE): $143.65 - $153.00
SELL/SHORT ZONE (RED): $133.00 - $143.65
Weekly: Bearish
Daily: Bearish
4H: Bearish
Currently in a DNT zone as it would be unfair to automatically wait for price to drop and then say it's a bearish area; however, price is strongly bearish on the weekly, daily, and 4H. Shown in blue is previous zones that I would follow and the order in which I would follow them, the previous bullish trend was fairly clear and strong (labels A-E & 1-3). About three weeks ago we saw a drop that pushed right into a bearish zone below level $156.75 (bottom of the zone). Drawn now are the current zones where price currently resides and the trends I would follow in each of them. The arrows show simple potential price movement to look for, but the market is always subject to change and create new levels. Bulls can look for early entry at the bottom of the DNT zone at $143.65 and seek a bounce or wait for price to break back above $153.00. Bears can look for price continuing below level $143.65 or a pullback anywhere up to $153.00 and rejection back towards the $143.65 level and lower.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
trend analysis, chart patterns, support and resistance
Take-Two Interactive Faces Setbacks Amidst Lowered ForecastsTake-Two Interactive Software Inc., ( NASDAQ:TTWO ) renowned for its iconic titles like "Grand Theft Auto" and "Red Dead Redemption," recently faced a tumultuous period marked by lowered fiscal forecasts and the postponement of a highly anticipated game release. Despite these setbacks, analysts remain cautiously optimistic about the company's future, citing a strong content pipeline and the potential for blockbuster releases. Let's delve into the intricacies of Take-Two Interactive's ( NASDAQ:TTWO ) recent challenges and the silver linings that offer hope to investors.
A Bumpy Ride in Fiscal Q3:
In its fiscal third-quarter earnings report, Take-Two Interactive ( NASDAQ:TTWO ) revealed a 3% year-over-year decline in total net bookings, amounting to $1.34 billion for the three months ending December 31, 2023. The slip in net bookings was accompanied by increased marketing costs and a net loss, including an impairment charge, totaling $91.6 million. Notably, sales of "NBA 2K24" fell short of expectations, although the company remains optimistic about the title's long-term performance.
Game Delays and Revised Forecasts:
Adding to the company's woes was the announcement of a delay in the release of an unspecified game originally slated for the fourth quarter of the fiscal year. This, coupled with challenges in the mobile gaming advertising segment, prompted Take-Two Interactive ( NASDAQ:TTWO ) to revise its guidance for full-year net bookings downward to a range of $5.25 billion to $5.30 billion, down from the previous projection of $5.45 billion to $5.55 billion. The news sent shockwaves through the market, leading to an 8% drop in the company's stock price.
Bright Spots Amidst Adversity:
Despite the setbacks, Take-Two Interactive's ( NASDAQ:TTWO ) mobile gaming division, Zynga, managed to find success with titles like "Match Factory!" and "Toon Blast." Better-than-expected in-app purchases and the promising performance of "Match Factory!" encouraged the company to ramp up marketing efforts for the title, betting on its long-term profitability. Moreover, analysts highlighted the strength of Take-Two Interactive's content pipeline as a key factor supporting its resilience amidst challenges.
Analysts' Optimism and Future Prospects:
While the short-term outlook may seem turbulent, analysts maintain a positive outlook on Take-Two Interactive's ( NASDAQ:TTWO ) long-term prospects. Jefferies Equity Research suggests that the stock may remain "range-bound" until the company provides more clarity on the release of "Grand Theft Auto VI," a highly anticipated installment in the acclaimed franchise. Goldman Sachs analysts echoed this sentiment, emphasizing the company's solid operating momentum and the potential realization of its content pipeline in the years ahead.
Conclusion:
Take-Two Interactive Software Inc., ( NASDAQ:TTWO ) finds itself at a crossroads, grappling with challenges such as game delays and lowered forecasts while navigating the dynamic landscape of the gaming industry. However, amidst adversity, the company retains several bright spots, including successful titles in its portfolio and optimism from analysts regarding its long-term trajectory. As investors await further developments, the resilience and strategic vision of Take-Two Interactive ( NASDAQ:TTWO ) will undoubtedly play a crucial role in shaping its future success.
GTA VI 2025 release crash could influence a 2024 release.Investors and gamers continue to wait so long for progress.
We have regular people on youtube showing how a fan made
game can be made quickly and sometimes better in some ways and it takes years for
them to release GTA VI. The people want it sooner so i think investors
should pressure them to do so. The trailer was decent but i have seen better.
Fan made content is better than what was shown in the video.
I think the game should release in MAY 2024 not 2025. I am tired going to sleep for a week.
Grand Theft Auto VI Trailer Release Leak Hits Take-Take SharesAnother online leak marred the highly anticipated release of Take-Two's Grand Theft Auto VI videogame trailer.
Take-Two Interactive (TTWO) - shares slumped lower Tuesday after the videogame maker arranged the early release of a trailer for its highly anticipated Grand Theft Auto VI title.
The new release, which comes nearly a decade after the previous title in the popular videogame franchise, will be available in 2025, Take-Two said, and will mark the 25th anniversary of its collaboration with Rockstar Games, the division that created the original title.
The new Grand Theft Auto trailer, however, had been scheduled for debut later this morning. Indications from Rockstar suggested portions of the trailer were leaked online, compelling the company to bring forward its release time.
Take-Two shares were marked 3.2% lower in premarket trading to indicate an opening bell price of $152.60 each, a move that would still leave the stock more than 50% higher for the year.
The Grand Theft Auto VI trailer was last seen to have around 9.9 million views on Google-owned YouTube and could provide a compelling boost to both the gamemaker's current offerings and the 2025 release.
"The upcoming release of the new Grand Theft Auto game is expected to generate substantial enthusiasm, acting as a key driver for current Rockstar Games titles and live services, including 'Grand Theft Auto 5', 'Grand Theft Auto Online', and the 'Red Dead Redemption' franchise,'" said Benchmark analyst Mike Hickey.
The anticipated release of 'Grand Theft Auto Next' is likely to boost TTWO's growth significantly in fiscal years 2025 and 2026.
Technical Analysis
TTWO is trading near the top of its 52-week range and above its 200-day simple moving average. Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
Time to buy into the GTA 6 hype?Tomorrow will be the day the first trailer for GTA 6 will be released. It's been nearly ten years since GTA 5 was released and broke world records. The wait for GTA 6 can not be compared to another game. The hype and anticipation are off the charts. This creates a unique investment opportunity.
Looking at the historical prices news related to GTA has created considerable share price movements. Especially when related to GTA 6.
In September 2022, a leak about GTA 6 caused Take-Two’s stock to plummet. Recently, when Rockstar announced in November that early December is when we would see the first news around GTA 6 the shares gapped up and rose around 17.17% in 30 days.
There is considerable space for big gains when Rockstar releases the trailer tomorrow. It all rides on the investor's expectations, which will largely be following the customer's expectations. If the customers see it being good and the trialer receives a lot of attention, positive of course, then the share price will inevitables go up.
Trailer released => Large positive response by customers => investors excited and happy => share prices rise.
Now of course this is the short-term outlook. What about the long-term? The game will most likely be released next year in the fall. But this game will no doubt break records and will allow Take-Two, the company that owns Rockstar, to profit handsomely. Just as GTA 5 did. This therefore seems like a great opportunity to buy the shares before the short-term rapid rise and possible long-term outlook. However, speaking long-termly this would need a different piece of analysis that I'm not doing right now. But all I will say is the potential for long-term growth is there and this could be a good buying in price right now.
It would be difficult to put a price range for tomorrow. But I would say between 20% - 30%, which is around the all time high. But I do see potential for further upside tomorrow.
Big News for TTWOFirstly this is not a technical analysis chart. This is simply my thoughts on TTWO stock
As many people know TTWO owns two big videogame publishing labels, Rockstar Games and 2K.
There are some news about Rockstar games upcoming game GTA 6. Series last videogame was published over 10 years ago and is still one of the most played games in the world.
We all know how hype and expectations can affect a stock. First example to this is CD Projekt SA (WSE: CDR) . This company was developer to a similar genre game named Cyberpunk 2077 which got major attention till release. You can see how stock was affected between trailers release and games release.
Lets look at this chart now. at November 8 . Rockstar Games announced that trailer will be released in december. stock price got pumped over %20 to this date.
And today December 1 they officially announced a trailer release date which is December 5.
If simply a trailer announcement got this much attention I suspect that if the actual trailer get peoples attention it will generate more interest in the stock.
You can see how much money Rockstar games made in past and project how much Revenue the new release will generate.
Also there are rumors that 2k will be responsible for development of new Fifa games from now on since EA and FIFA parted ways this year.
TTWO is a rising company and has promising projects / rumors for future.
Not financial analysis - just notes to myself
GTA VI Effect?Take Two Interactive, while on the downward sloping trend has formed a cup & handle pattern and successfully managed to break out of the range. The arrival of next Grand Theft Auto series is likely to push the stock up as it is likely to be one of the best selling titles in the gaming industry.
The stock has many supporting reasons to drive its price higher as we may see the continuation of GTA Online (for both V & VI) which has been a massive success amongst the community and also for Rockstar as it has helped generate regular income from its business model. Other than being the best GTA ever, it will incorporate features from other successful titles such as Red Dead Redemption 2, which arguably had better graphics than GTA V & all other games from the parent company in the past. We may also see Rockstar borrowing elements from RDR 2 like character physics & animals such as horses which have never been present in GTA before. This will be biggest & best release ever from the GTA series unlike Apple claiming their Iphone to be which is merely different from its previous iterations.
Moreover, the stock is down from its all time high and thus we can expect to see it breaking its previous highs with the next GTA on its cards. The stock looks good for a long term holding as Rockstar has high estimates from its upcoming titles in 2024-25 and none other than next GTA can achieve this level of sales. Rockstar has other upcoming titles too in the pipeline that may contribute to their success in the future.
Take-Two Stock Surged in Anticipation of GTA 6 AnnouncementTake-Two Interactive shares surged as much as 9.4% in premarket trading Wednesday, as investors received the first confirmation that the next installment in the Grand Theft Auto franchise is on the horizon. The company is slated to report its fiscal second-quarter 2024 earnings after the bell.
Take-Two has suggested it could launch in 2024. The company in May said it will enter its next phase of growth in fiscal 2025, which begins in April 2024, as it plans to “deliver several groundbreaking titles that we anticipate will set new standards of quality and success and enable us to deliver over $8 billion in Net Bookings and over $1 billion in Adjusted Unrestricted Operating Cash Flow.”
GTA V was announced in 2011 and released in 2013. It remains popular 10 years later.
The current release of the game, “Grand Theft Auto V,” is the second best-selling game of all time by units sold after Microsoft
-subsidiary Mojang’s Minecraft. It’s developed by Take-Two subsidiary Rockstar. Rockstar’s franchises, which include Grand Theft Auto but also Red Dead Redemption, have helped fuel Take-Two’s share price growth and $23.16 billion market cap.
Earlier this year, the company signaled that 2024 and beyond would be a “significant” period for the company.
Investors and consumers alike have long awaited the release of the next Grand Theft Auto game. GTA V was lauded for its graphics and playing style, and to this day continues to contribute ongoing revenue to Take-Two through its online platform.
In August, when the company reported its fiscal 2024 first-quarter earnings, total net bookings grew 20% year over year to $1.20 billion. Among the largest contributors, the company said in a release, were Grand Theft Auto Online and Grand Theft Auto V.
Technical Analysist
Price Momentum
TTWO is trading near the top of its 52-week range and above its 200-day simple moving average.
What does this mean?
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
Take Two | TTWO & GTA VI. Part IITakeTwo Interactive is preparing for the biggest catalyst in the company's history with the release of GTA 6. Although no definitive timetable has been set for GTA 6, the game will almost certainly release in 2024 or 2025 at the latest given all the information that has come out. Moreover, TTWO itself has started opening up about GTA 6, which is a hint that an announcement is near. The impact that GTA 6 will have on TTWO cannot be understated, given how much resources have been spent developing GTA 6 and the growing consumer frenzy surrounding the title.TTWO could see more upward momentum as GTA 6's release closes in.
GTA 6 is by far the most anticipated video game in the industry's history. The game is so hyped, in fact, that individuals have crashed televised events purely to protest for the release of GTA 6. Even Starfield, which is an incredibly hyped game in its own right, had it Gamescon presentation disrupted by a fan calling for GTA 6. GTA 6 has not even been announced yet, and it seems to have fully captured the attention of the gaming world.
This level of organic hype is an incredibly positive sign for TTWO and its investors. Despite the fact that GTA 5 had nowhere near the hype as GTA 6 at similar stages in their development, GTA 5 still managed to become the best-selling triple A game ever made, with ~185 million units sold. This is a testament to GTA 6's potential, both on a commercial and even cultural standpoint.
If GTA 6 manages to meet or exceed consumer expectations, TTWO should see its shares surge. Given the hysteria surrounding the title, positive reviews will only supercharge demand as consumers will likely find any reason to get their hands on the game. Considering the amount of resources TTWO is rumored to be spending on developing GTA 6, coupled with Rockstar's track record of producing masterpieces, there is very little chance that GTA 6 disappoints.
While GTA is TTWO's most important IP, the company also boasts a strong lineup beyond GTA. In fact, some of its other franchises are bestsellers in their own right. Red Dead Redemption, for instance, has sold more than 55 million units and continues to sell at a solid pace despite the game being nearly 5 years old. Red Dead Redemption has also been critically praised as one of the best triple A games ever made.
TTWO currently has one of its most robust product pipelines in the history of the company across all of its studios. The company has even diversified into mobile gaming, which is proving to be an increasingly large segment in the gaming industry. In fact, TTWO made a huge acquisition in Zynga for a whopping $12.7 billion. Zynga is one of the largest mobile gaming studios in the world and owns massively popular IPs like FarmVille.
Despite TTWO's growing pipeline, the company is still relatively top-heavy compared to peers like EA (EA) or Activision Blizzard (ATVI). This means that underperformance for its flagship franchises, especially GTA, will almost certainly cause the company's value to plummet. So much of TTWO's future prospects are dependent upon the success of GTA 6, especially considering how much revenue the game is expected to pull in.
To gain some perspective on how important the GTA franchise is for TTWO, GTA has generated over $8 billion in revenue since GTA 5's release in 2013. TTWO itself is only worth ~$23 billion. GTA online, for instance, still contributes heavily to the company's recurring revenue and bookings, which came in at $1.2 billion in its most recent quarter.
TTWO has a huge opportunity with GTA 6. The game has garnered unprecedented hype that is starting to grow to a fever pitch. If TTWO delivers a solid sequel, GTA 6 could potentially deliver revenues upwards of ~$20 billion over the next decade, given the revenue trajectory of GTA sequels. At TTWO's current valuation of $23 billion, the company has far more upside, given the potential of GTA 6 and the company's growing pipeline of popular titles.
I was watching XpertThief latest video @TTWOSo he was saying how bad and crazy it is for rockstar to partner with FiveM that they used to ban. Even tho some points he made were convincing and i decided to see who own rockstar and boom Head and Shoulder and im like is that God rn. I am literally sitting at my night job thinking about the next A+ to make some money and the perfect chart and it's on the monthly time frame so guess what? under 132 its short time and i hope the chart can hold till i get pay to get in. I am so sure by December 90 dollar. I love GTA so i will be mad if i dont make some money of this. "We cant beat the mods, so we buy the mods" LMAOO. @XpertThief go watch it. 98 first target and 70 second.
Take Two 2823Gaming. Will it be bulletproof over the coming years as it usually is? More than likely test a bottom and getting a reaction. Just like crypto we are not calling for the next melt up just a trade . Bulls make money. Bears make money. Pigs get slaughtered. Dont be the pig and get greedy
Some sort of announcement is building up in the charts.
TTWO 7/11/2022TTWO Daily chart analysis
Take two? The bulls about to take a strike 3 on this one.
TTWO is currently in a downtrend with price under both the 200 and 50 ema
After hitting a low of 103.05, price bounced to about 134.
At 134, price found resistance from the 50ema which knock price down to 122.45
At 122.45 price found support and price bounce back up again but failed to make a higher high.
After bounce, Price was shot back down to support level of 122.45
At support, price has been building up, moving sideways.
We now have a Double Top pattern with a build-up of price at the neckline support of 122.45.
This Double Top patten also has a build-up at the 50ema Dynamic Resistance.
When looking for high probability short trade, look for bearish patterns in existing downtrends.
Double Top pattern + Downtrend = High probability trade.
I would normally wait for price to break the neckline to confirm the Double Top pattern….BUT….
since we have a “build-up” of price at the neckline support, I feel comfortable being more aggressive and entering trade.
Entering trade short.
Entry: 122.67
Stop Loss: 136.04 (-10.90%)
Target: 103.13, +15.93%, 1.46 RR ratio
TTWO 10/10/2022TTWO
Daily chart review.
Taking a take two
This one is straight forward.
TTWO is currently in a downtrend.
It’s been bouncing between 133 resistance and 121 support.
Price broke down from 121 support and has now pulled back. This is my opportunity to enter trade short
Entering trade short
Entry: 118.67
Stop loss: 125.49
Target: 103.14
Iron Condor Idea for a Dec. 16th Expiration. RiskyThis seems risky for a number of reasons, (earnings in Nov., the eternity of time till expiration, unpredictable economy, etc.).
I may place an order to try to get filled with a $1.00 limit price, (for a $100 credit), instead of taking the current $0.75 credit. Or might not. To be determined! Or it might be better just to watch and learn.
Good luck!
TTWO - Short Iron Condor Trade Idea:
Expiration Dec 16th (107 Days from 8/31).
Strike Prices to create:
Long Call: $160.
Short Call: $155.
------
Short Put: $85.
Long Put: $80.
Approx. $75 credit currently (as of 8/31).
$500 Collateral.
Risk:Reward Ratio: $425:$75, or 6:1.
Short strikes can accommodate moves of 27% up and 31% down from close price on 8/30.
TTWO - 40 % Shorting Opportunity is Soon to Present Itself?Fundamental Indicators:
Sector – Communication Services
US Business Cycle Stage – late cycle, when this sector is neutral
Revenue- consistently growing since 2015, average 5-year rate at 16%
Profits – significantly dropped compared to 2021 by circa 60%
Net margin - significantly dropped compared to 2021 to 4.26%
P/E – extremely high at 131 compared to S&P500 with 21
Liabilities - debt ratio is at 0.46 which is within normal limits, Net Debt/ EBITDA is at 3.06 – no problems with debt
Conclusion – it is very likely to continue correcting deeper
Technical Analysis (Elliott Waves):
Main scenario of this idea suggests that we are still observing development of the global growth cycle which is currently in the corrective stage of wave 4 (see higher timeframe graph)
The bear move that has been developing since the historic high is likely to be just the first leg of this global wave 4 which can be counted as a complex WXY sequence. Where wave W is a double zig-zag, wave X is a Running Triangle, and wave Y has seen its W and X legs almost completed
The target for the final wave Y is around $86 which is at the 0.618x Fibonacci retracement level of global wave 3
This is a higher timeframe to reflect the full history of TTWO and to provide full wave count:
What do you think about TTWO and its short term prospects?
Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves.
Thanks
