Take-Two: gain nearly wiped out in week 9
Take-Two stock drops 3% as the trade's gain nearly vanishes
Our view last week
Take-Two stock closes the week almost flat (+0.2%), but underneath something is moving: on the daily chart the stock bounced 3% off its 20-day moving average, while the first rejection candles show up and sellers edge slightly ahead in the last weekly bar. The trade is already up 3.2% from entry, with 2 of the model's 3 statistical targets already hit: the weekly technical analysis suggests following the case closely, without chasing the highs.
This week's summary
Take-Two shares closed the week down 3%, snapping a three-week rally, but the daily chart already shows a bounce: a touch in the 232 area on the 50-day moving average, followed by a 4% rebound. The trade's gain has nearly evaporated, from +3.2% last week to +0.14% now, even as the stock sits close to its recent highs. This week's technical analysis flags rising tension between a breakout and a rejection, with 2 of the model's 3 targets already banked.
IQS Phase
48
ordinary
Signal Strength
55
medium
Sizing
STANDARD
Ranking
#84 / 167
US stocks in progress
Trade P&L %
+0.14%
from signal to date, no stop loss
Rank position
ranks 84th among the 167 Longs already running for US stocks in our ranking, with a signal strength of 55 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -3.53% · monthly +1.69%
TTWO belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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