High volatility in Trump Media & Technology Group Corp. stock price on Friday which ended trading at $31.91

The Trump Media & Technology Group Corp. stock price gained 15.22% on the last trading day (Friday, 8th Nov 2024), rising from $27.70 to $31.91. During the last trading day the stock fluctuated 23.71% from a day low at $26.70 to a day high of $33.03. The price has been going up and down for this period, and there has been a -18.07% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 27 million more shares were traded than the day before. In total, 102 million shares were bought and sold for approximately $3.25 billion.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled.Given the current short-term trend, the stock is expected to rise 45.50% during the next 3 months and, with a 90% probability hold a price between $30.64 and $78.00 at the end of this 3-month period.

The Trump Media & Technology Group Corp. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $32.82. On a fall, the stock will find some support from the long-term average at approximately $27.16. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Tuesday, October 29, 2024, and so far it has fallen -38.05%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Trump Media & Technology Group Corp. finds support from accumulated volume at $30.56 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 $6.33 between high and low, or 23.71%. For the last week, the stock has had daily average volatility of 25.38%.

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Trump Media & Technology Group Corp. stock to perform well in the short-term.We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.