Volatile ride for Trump Media & Technology Group Corp. stock price on Monday moving between $26.56 and $33.77

The Trump Media & Technology Group Corp. stock price gained 16.65% on the last trading day (Monday, 18th Nov 2024), rising from $28.10 to $32.78. During the last trading day the stock fluctuated 27.15% from a day low at $26.56 to a day high of $33.77. The price has been going up and down for this period, and there has been a -4.54% 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, 19 million more shares were traded than the day before. In total, 38 million shares were bought and sold for approximately $1.24 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 56.55% during the next 3 months and, with a 90% probability hold a price between $38.79 and $87.56 at the end of this 3-month period.

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 $30.37 and $29.92. A breakdown below any of these levels will issue sell signals. 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 -36.36%. 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 $31.91 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 $7.21 between high and low, or 27.15%. For the last week, the stock has had daily average volatility of 12.57%.

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 Strong Sell to a Buy candidate.