Take-Two, week 5 of the buy signal amid warning signs
Take-Two slips 2.1% as distribution builds in week 5 of the buy signal
Take-Two, week 5 of the buy signal amid warning signs
Our view last week
Take-Two shares slipped 2.7% this week, the second setback in a row after last week's sharp rejection near the highs. The buy signal is in its fourth week, and sellers stayed slightly dominant on the last bar. The weekly technical analysis shows price boxed between resistance in the 241 area and support in the 236 area: the disciplined move remains waiting for a cleaner pullback before adding weight.
This week's summary
Take-Two shares close the week down 2.1%, with sellers firmly in control of the last bar and volume contracting: distribution is building right as the buy signal reaches its fifth week. Price stays boxed between the daily pivot average, in the 231.8 area, and the 100-day moving average just below, in the 228.7 area. The weekly technical picture still holds, but the disciplined move remains waiting for a cleaner pullback before adding weight.
IQS Phase
49
ordinary
Signal Strength
55
medium
Sizing
STANDARD
Ranking
#65 / 124
US stocks in progress
Trade P&L %
-3.19%
from signal to today
Rank position
ranks 65th among the 124 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 +0.17% · monthly -3.92%
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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