Big movements in Trump Media & Technology Group Corp. stock price on Friday moving 12.49% between high and low

The Trump Media & Technology Group Corp. stock price gained 11.44% on the last trading day (Friday, 25th Oct 2024), rising from $34.95 to $38.95. During the last trading day the stock fluctuated 12.49% from a day low at $35.07 to a day high of $39.45. The price has risen in 6 of the last 10 days and is up by 54.07% 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, 14 million more shares were traded than the day before. In total, 56 million shares were bought and sold for approximately $2.18 billion.

Given the current horizontal trend, you can expect Trump Media & Technology Group Corp. stock with a 90% probability to be traded between $12.15 and $38.96 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stock seldom manage to go directly from the bottom of a trend up to the top. Stock turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Mostly positive signals in the chart today. The Trump Media & Technology Group Corp. 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 $33.57 and $21.33. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, September 23, 2024, and so far it has risen 220.58%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

On the downside, the stock finds support just below today's level from accumulated volume at $34.39 and $31.26.There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Trump Media & Technology Group Corp. finds support just below today's level at $34.39. If this is broken, then the next support from accumulated volume will be at $31.26 and $29.95.

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 $4.38 between high and low, or 12.49%. For the last week, the stock has had daily average volatility of 9.44%.

Trump Media & Technology Group Corp. holds several positive signals and is considered to be a good choice at current levels. We expect the Trump Media & Technology Group Corp. stock to perform great in the short-term period.We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.