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TAKE-TWO INTERACTIVE SOFTWARE

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TTWO trade ideas

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.
NASDAQ:TTWOLong
by DEXWireNews
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.
NASDAQ:TTWOLong
by moonypto
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.
NASDAQ:TTWOShort
by menskyl96
2
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
NASDAQ:TTWOShort
by rudcharts
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.
NASDAQ:TTWO
by zach6667
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
NASDAQ:TTWOShort
by vitalalyt
1
Hanging in There/Head and ShouldersTTWO is at resistance, or very close. There are two head and shoulder patterns above price and only recently has price saw a significant decline. Sloping neckline at 2nd H&S top. Yesterday there was a bullish engulfing pattern. This is a 2 candle pattern. Today there was a move up which many consider confirmation of the engulfing pattern. Then the candle pattern becomes a 3 outside up, which is a 3 candle pattern. Unfortunately price is closing in on a Resistance level. If price breaks this resistance level, then there will be another level, and another, and another which can make a climb back to the top extremely difficult. Short percent is 11.6% to 12.74% depending on where you look. Short is up 21% today possibly due to the level of resistance overhead. This stock does not appear to be going down without a fight. EPS (FWD) 4.84 PE (FWD) 25.52 Div Rate (FWD) - Yield (FWD) - Short Interest 12.74% Market Cap $12.79B No recommendation
NASDAQ:TTWOShort
by lauralea
TTWO Entering Underbought Territory in Potential Swing Play TTWO stock grew by +3.71% on Friday , stock opened at $132.13 and closed at $136.41, stock is working below 20 EMA shows that stock is bearish in nature and RSI is at 38 that shows stock is at best place to make an fresh entry. For better risk and reward make entry in this stock when it cross 20 EMA in daily chart. You can invest in this stock for short as well as long run. The average traded volume of this stock is 1.969M/day. The current market cap of this company is $15.749B. They will report fourth quarter and fiscal year 2022 ended March 31, 2022, after the market close on Monday, May 16, 2022.
NASDAQ:TTWO
by Technalysis1
A Top for Take-Two?Take-Two Interactive has rebounded after a sharp drop. Now the sellers may return. TTWO halted its bounce around $164. That zone offered support in March and May, and resistance in August, then support again in December. Given its relevance in the last year, could it mark a top for the latest move? Second, the 50-day simple moving average (SMA) just slipped below the 200-day SMA: a “death cross.” Third, TTWO hasn’t made a new 52-week high in almost a year. That suggests it’s been losing traction with investors for longer than most big Nasdaq-100 stocks. Finally, notice how TTWO is struggling to stay above its 21-day exponential moving average (EMA). Some traders may view that as a bearish indicator for the short-term trend. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradingView is not affiliated with TradeStation Securities Inc. or its affiliates. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NASDAQ:TTWO
by TradeStation
1
Take Two to Move Higher? Take-Two Interactive - Short Term - We look to Buy a break of 174.44 (stop at 168.88) Daily signals are bullish. A bullish reverse Head and Shoulders has formed. Buying continued from the 61.8% pullback level of 164.18. The trend of higher lows is located at 163.50. The bias is still for higher levels and we look for any dips to be limited. A move through 174.00 will confirm the bullish momentum. Our profit targets will be 187.22 and 193.96 Resistance: 178.13 / 195.00 / 200.00 Support: 171.00 / 164.00 / 150.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:TTWOLong
by Saxo