Big movements in Troika Media Group, Inc. stock price on Monday moving 25.71% between high and low

The Troika Media Group, Inc. stock price gained 32.13% on the last trading day (Monday, 27th Feb 2023), rising from $0.305 to $0.403. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 25.71% from a day low at $0.350 to a day high of $0.440. The price has risen in 6 of the last 10 days and is up by 114.36% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 118 million more shares were traded than the day before. In total, 228 million shares were bought and sold for approximately $91.77 million.

EF Hutton is very positive about TRKA and gave it a "" rating on Mar 31, 2022. The price target was set to 4.5.

Given the current short-term trend, the stock is expected to rise 67.16% during the next 3 months and, with a 90% probability hold a price between $0.376 and $0.674 at the end of this 3-month period.

The Troika Media Group, Inc. stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.279 and $0.201. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, December 16, 2022, and so far it has risen 303.00%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

On the downside, the stock finds support just below today's level from accumulated volume at $0.305.With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.

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 $0.0900 between high and low, or 25.71%. For the last week, the stock has had daily average volatility of 21.12%.

Troika Media Group, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.