Strong day for Trump Media & Technology Group Corp. stock price on Monday rising 5.81% to $31.30

The Trump Media & Technology Group Corp. stock price gained 5.81% on the last trading day (Monday, 21st Oct 2024), rising from $29.58 to $31.30. During the last trading day the stock fluctuated 7.95% from a day low at $29.32 to a day high of $31.65. The price has risen in 6 of the last 10 days and is up by 70.2% 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, 10 million more shares were traded than the day before. In total, 36 million shares were bought and sold for approximately $1.13 billion.

Given the current short-term trend, the stock is expected to fall -21.65% during the next 3 months and, with a 90% probability hold a price between $7.40 and $24.52 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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 $29.19 and $19.20. 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 157.61%. 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.

Trump Media & Technology Group Corp. finds support from accumulated volume at $31.26 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 $2.33 between high and low, or 7.95%. For the last week, the stock has had daily average volatility of 14.71%.

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.