Big movements in Troika Media Group, Inc. stock price on Friday moving 37.91% between high and low

The Troika Media Group, Inc. stock price fell by -24.78% on the last day (Friday, 10th Mar 2023) from $0.356 to $0.267. During the last trading day the stock fluctuated 37.91% from a day low at $0.244 to a day high of $0.336. The price has been going up and down for this period, and there has been a -12.33% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -47 million shares and in total, 171 million shares were bought and sold for approximately $45.60 million.

EF Hutton is very positive about TRKA and gave it a "" rating on Mar 09, 2023. The price target was set to 1.5.Over the last 90 days, this security got 1 buy, 0 sell, and 0 hold ratings.

Given the current short-term trend, the stock is expected to rise 79.31% during the next 3 months and, with a 90% probability hold a price between $0.479 and $1.41 at the end of this 3-month period.

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Troika Media Group, Inc. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.478 and $0.286. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 06, 2023, and so far it has fallen -65.07%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Troika Media Group, Inc. finds support from accumulated volume at $0.260 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0923 between high and low, or 37.91%. For the last week, the stock has had daily average volatility of 60.20%.

The Troika Media Group, Inc. stock holds several negative signals and despite the positive trend, we believe Troika Media Group, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.