Take-Two Interactive Jumps 3.8% to $248.78 as Technicals Signal Renewed Bullish Momentum

Take-Two Interactive (TTWO) advanced 3.80% in the latest session, closing at $248.78. This caps a recovery from the $229-240 consolidation range observed throughout August, suggesting renewed bullish momentum. Below is a technical assessment integrating seven methodologies.
Candlestick Theory
The September 8 session formed a robust bullish candle closing near its high ($248.78), following a minor bearish candle on September 5. This pattern indicates rejection of the $236.94 support. Key support is now established at $240-241 (tested three times between August 25 and September 2), coinciding with the 50-day moving average. Resistance resides at the September 8 high of $250.45, with a break potentially targeting the all-time high of $250.78 from June. The August 26 "hammer" candle at $230.82 reinforces the significance of the $230-$233 zone.
Moving Average Theory
The current price sits above all key moving averages: 50-day ($233), 100-day ($223), and 200-day ($199). The 50-day MA provided dynamic support during the August pullback. Notably, the 50-day crossed above the 200-day in February 2025, establishing a long-term bullish "golden cross." The ascending alignment of shorter averages above longer ones confirms an established uptrend. Any pullback towards the 50-day MA ($233) could attract buying interest.
MACD & KDJ Indicators
MACD (12,26,9) shows a bullish crossover above its signal line as of September 8, supported by rising histogram bars, affirming strengthening momentum. KDJ oscillators (K: 73, D: 65, J: 89) approach overbought territory but haven't triggered divergence warnings. The K-line’s sustained position above the D-line since early September signals ongoing upward pressure. While MACD's trend-confirming nature aligns with the breakout, traders should monitor for potential bearish divergence if prices rise further without corresponding oscillator highs.
Bollinger Bands
Price currently rides the upper Bollinger Band (20-period, 2σ), indicating strong upward momentum. The bands expanded significantly following the September 2 breakout candle from the $235-$240 range, reflecting increased volatility favoring bulls. Prior contraction during late August signified a period of consolidation before the directional move. Sustained trading above the upper band often signals a strong trend, though it raises the probability of a short-term retracement towards the midline ($235).
Volume-Price Relationship
The September 8 advance was accompanied by the highest volume (2.21M shares) in the current recovery phase, lending credibility to the breakout. Notably, the August 26 swing low ($230.82) and September 2 surge through $241 saw substantial volume (2.17M and 1.86M shares respectively), validating $230-$233 as strong support. Distribution days were scarce in September, suggesting limited selling pressure. High volume on significant up days reinforces the sustainability of the uptrend.
Relative Strength Index (RSI)
The 14-period RSI reads 65, moving away from the neutral zone but remaining below overbought (70). It successfully held above 40 during the August consolidation, avoiding oversold conditions. This "bullish range" behavior within 40-60 during consolidations and subsequent rises above 60 during advances reflects healthy momentum. The current position suggests room for further upside before overbought risks emerge, though a push beyond 70 would warrant closer monitoring for potential exhaustion.
Fibonacci Retracement
Applying Fibonacci levels to the upswing from the March 2025 low of $180.55 to the September 2025 high of $250.78 reveals significant confluence. The 61.8% retracement level ($222) aligned almost precisely with the August swing low ($222.67) and the current position of the 100-day MA ($223), turning this zone into a major support floor. The price consolidation above the 50% retracement ($215.67) further emphasizes bullish dominance. A breach above the recent high ($250.78) would open the 127.2% extension near $270 as a potential target.
Confluence & Divergence
Multiple indicators support bullish momentum: Volume-backed breakout above $240, alignment of MAs, price holding key Fibonacci support ($222), MACD crossover, and RSI trending upwards. The major confluence zone resides at $230-$235, reinforced by the 50-day MA, Bollinger midline, prior consolidation range, and volume validation. No significant bearish divergences are currently evident between price and momentum oscillators, supporting trend continuation near-term. The primary cautionary signal stems from Bollinger Band positioning and KDJ near overbought, increasing the probability of consolidation or a shallow pullback despite the upward bias.