Volatile ride for Troika Media Group, Inc. stock price on Wednesday moving between $0.370 and $0.480

The Troika Media Group, Inc. stock price gained 16.59% on the last trading day (Wednesday, 1st Mar 2023), rising from $0.393 to $0.458. During the last trading day the stock fluctuated 29.73% from a day low at $0.370 to a day high of $0.480. The price has risen in 6 of the last 10 days and is up by 117.8% over the past 2 weeks. Volume fell on the last day by -21 million shares and in total, 140 million shares were bought and sold for approximately $64.07 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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

The stock has broken the very wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $0.321, a level that may pose a second chance to hit a runner.

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 $0.336 and $0.218. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, February 10, 2023, and so far it has risen 143.40%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

On the downside, the stock finds support just below today's level from accumulated volume at $0.403 and $0.393.With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.393 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 $0.110 between high and low, or 29.73%. For the last week, the stock has had daily average volatility of 23.87%.

The Troika Media Group, Inc. stock is extremely overbought on RSI14 (78). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

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 Buy to a Hold/Accumulate candidate.