Resistance

Daily

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>TTWO stock price failed to surpass $150 and slipped the gains.</a> </li> 
 <li> <span>2</span> <a>Buyers are attempting to regain their strength and are looking for a bounce.</a> </li> 
</ul> 
<p>TTWO stock ( Take-Two Interactive Software Inc.) price cannot sustain near $150, sliding the gains in the last sessions. However, the chart indicates that a gap has left near $128, which sellers look to fill soon. Moreover, the chart shows that the stock has continued to give a one-way buying post breakout of $100 and delivered a rise for the past months. The stock posted Q2 earnings below the estimates recently, and selling pressure was noted on the charts.</p> 
<p>The price action shows that TTWO stock is trading in an uptrend and near the neutral region, which buyers failed to sustain near $ 150 and showed rejection on the charts. Moreover, the price has respected the lower trendline for the past months and showed trend reversal in the past months. Moreover, the stock was heading to fill the gap near $128 and continued to fall post-release of Q2 earnings which led to negative sentiment and sellers being active in the past sessions.</p> 
<p>At press time, TTWO stock price is trading at $139.51 with an intraday drop of 2.02% showing bearishness on the charts. Moreover, the trading volume increased by 1.54% to 1.877 Million, and the market cap is $23.693 Billion. However, Analysts maintained a buy rating with a yearly target price of $155.96, suggesting a growth outlook for the following sessions.</p> 
<p>Take-Two Interactive Software, Inc. engages in the development, publishing, and marketing of interactive software games. Its products are designed for consoles, handheld gaming, personal computers, smartphones, and tablets. They are delivered through physical retail, digital download, online platforms, and cloud streaming services. The company was founded by Ryan A. Brant in 1993 and is headquartered in New York, NY.</p> 
<h2 class="wp-block-heading" id="strong-ttwo-stock-price-action-on-daily-charts-strong"><strong>TTWO Stock Price Action On Daily Charts</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/XotDxox2Hl4mB0Wt_CJucK0f1M5uJsYJiX0AEZWVUrprurdYWHDJgMgcKYYxSjiaJKuUBnP1sHfQBTsAbSrs756VEK2HPvXoxwSC6p8TPQNwuf7lmvr56HpemBBBLatU-ifoXngL2HGF6bSPlqXSybA" alt="TTWO Stock (NASDAQ: TTWO) Near Support Range, Will It BounceBack?"> 
  <figcaption class="wp-element-caption">
    Source: TTWO Stock Price Chart At TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>On the daily charts, <a href="https://www.thecoinrepublic.com/2023/08/15/nvidia-stock-price-prediction-will-nvda-stock-hit-the-500-mark/" rel="noopener noreferrer nofollow">TTWO stock </a>has retraced toward the 100-day EMA and showed negative sentiments in the past sessions based on the earnings outlook, which led sellers to take advantage. Buyers were in trouble and unwinding their positions which resulted in a price decline.</p> 
<p>As per the Fib levels, TTWO stock price showed rejection near the 61.8% level and returned toward the 50% zone near $140. Moreover, the price near the lower bollinger band indicates selling pressure on the charts.</p> 
<h2 class="wp-block-heading" id="strong-what-technical-indicators-suggest-strong"><strong>What Technical Indicators Suggest?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/tBE6BIVv8Zh-T3H4gRh4S9QvOvRye57QqXqRZn8N4s_kvAqWdGApqzlj6OlS-8Z8newuHPqWliqg5cDffqOI7hhEoo_UZduBL2a4b_5twEHvkP6FaztUGDIISoGLmLFy5KGBCmMH5yEPu_8F7R6AgiA" alt="TTWO Stock (NASDAQ: TTWO) Near Support Range, Will It BounceBack?"> 
  <figcaption class="wp-element-caption">
    Source: TTWO Stock Price Chart At TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>On the 4-hour charts, <a href="https://www.thecoinrepublic.com/2023/08/15/nvidia-stock-price-prediction-will-nvda-stock-hit-the-500-mark/" rel="noopener noreferrer nofollow">TTWO stock price</a> took support at the 100 days EMA and held the gains in the last trading session.</p> 
<p>The RSI curve bounced off of the oversold region and noted a positive crossover on the charts.</p> 
<p>The MACD indicator showed a bullish crossover and formed green bars on the histogram, indicating a bounce in the last session.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>TTWO stock price is near the support zone, and buyers are trying to rescue the gains. However, the stock has outperformed in the past months. The sellers are cooling off after the short rapid buildup activity which dragged the stock toward the 200-day EMA near the lower trendline at $130.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels:</strong></h4> 
<p>Support Levels: $135 and $120</p> 
<p>Resistance Levels:$145 and $150</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

TTWO Stock (NASDAQ: TTWO) Near Support Range, Will It BounceBack?

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