A look at TTWO technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 44.95 point. Its trading volume has lost -968748 shares compared to readings over the past three months as it recently exchanged 2001252 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2970000 shares, and this is 0.67 times the normal volume.
Take-Two Interactive Software, Inc. (NASDAQ:TTWO) dipped by -11.75% over the past three months which led to its overall six-month decrease to stand at -24.22%. The equity price sank -1.74% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that its shares have recorded a -0.96% fall over the past 30 days. Over the past 12 months the stock has embarked on a drop that has seen it decline -4.67% and is now down by -10% since start of this year.
The shares of Take-Two Interactive Software, Inc. dropped by -33.78% or -$47.26 from its last recorded high of $139.91 which it attained on January 10 to close at $92.65 per share. Over the past 52 weeks, the shares of Take-Two Interactive Software, Inc. has been trading as low as $84.41 before witnessing a massive surge by 9.76% or $8.24. This price movement has led to the TTWO stock receiving more attention and has become one to watch out for. It dipped by -1.55% on Monday and this got the market worried. The stock’s beta now stands at 1.01 and when compared to its 200-day moving average and its 50-day moving average, TTWO price stands -17.67% below and -0.74% below respectively. Its average daily volatility for this week is 2.28% which is less than the 2.82% recorded over the past month.
Experts from research firms are bullish about the near-term performance of Take-Two Interactive Software, Inc. (TTWO) with most of them predicting a $122.2 price target on a short-term (12 months) basis. The average price target by the analysts will see a 31.89% rise in the stock and would lead to TTWO’s market cap to surge to $13.71B. The stock has been rated an average 1.8, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 26 analysts that track Take-Two Interactive Software, Inc. (NASDAQ:TTWO) and find out that 3 of them rated it as a Hold. 22 of the 23 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it.
The price of Gerdau S.A. (NYSE:GGB) currently stands at $3.83 after it went down by $-0.04 or -1.03% and has found a strong support at $3.79 a share. If the GGB price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $3.75 mark would also be bad for the stock as it means that the stock would plunge by 2.09% from its current position. However, if the stock price is able to trade above the resistance point around $3.89, then it could likely surge higher to try and break the upward resistance which stands at $3.95 a share. Its average daily volatility over the past one month stands at 3.55%. The stock has plunged by 0.52% from its 52-weeks high of $3.81 which it reached on Apr. 18, 2018. In general, it is 13.05% above its 52-weeks lowest point which stands at $3.33 and this setback was observed on Jun. 27, 2018.
Analysts have predicted a price target for Gerdau S.A. (GGB) for 1 year and it stands at an average $4.91/share. This means that it would likely increase by 28.2% from its current position. The current price of the stock has been moving between $3.81 and $3.91. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $2.7. On the other hand, one analyst is super bullish about the price, setting a target as high as $5.7.
The GGB stock Stochastic Oscillator (%D) is at 20.84%, which means that it is currently oversold and its prices could jump very soon. The shares P/S ratio stands at 0.53 which compares to the 0.63 recorded by the industry or the 2.74 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 8.11, which is lower than the 10.91 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 7.9% over the past five years.
Analysts view Gerdau S.A. (NYSE:GGB) as a Buy, with 0 consensus rating. Reuters surveyed 3 analysts that follow GGB and found that 0 of those analysts rated the stock as a Hold. The remaining 3 were divided, with 3 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Gerdau S.A. (GGB) shares or sell it if they already own it.
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