High volatility in Trump Media & Technology Group Corp. stock price on Monday which ended trading at $42.91

StockInvest.us, 1 month ago

StockInvest.us

The Trump Media & Technology Group Corp. stock price gained 21.52% on the last trading day (Monday, 13th Jan 2025), rising from $35.31 to $42.91. During the last trading day the stock fluctuated 24.60% from a day low at $34.76 to a day high of $43.31. The price has fallen in 6 of the last 10 days but is still up by 15.88% 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, 39 million more shares were traded than the day before. In total, 45 million shares were bought and sold for approximately $1.93 billion.

The stock lies in the middle of a very wide and weak 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 5.98% during the next 3 months and, with a 90% probability hold a price between $30.62 and $57.24 at the end of this 3-month period.

Trump Media & Technology Group Corp.

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 $36.11 and $34.58. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, November 14, 2024, and so far it has risen 58.98%. 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 $35.96 and $34.34.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 $35.96. If this is broken, then the next support from accumulated volume will be at $34.34 and $33.94.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $8.55 between high and low, or 24.60%. For the last week, the stock has had daily average volatility of 9.17%.

Trump Media & Technology Group Corp. holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Check full Trump Media & Technology Group Corp. forecast and analysis here.