Volatile ride for Trump Media & Technology Group Corp. stock price on Monday moving between $28.88 and $35.76

The Trump Media & Technology Group Corp. stock price gained 12.37% on the last trading day (Monday, 4th Nov 2024), rising from $30.56 to $34.34. During the last trading day the stock fluctuated 23.82% from a day low at $28.88 to a day high of $35.76. The price has risen in 6 of the last 10 days and is up by 9.71% 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, 41 million more shares were traded than the day before. In total, 115 million shares were bought and sold for approximately $3.95 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 31.49% during the next 3 months and, with a 90% probability hold a price between $23.70 and $68.76 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 $39.73. On a fall, the stock will find some support from the long-term average at approximately $25.17. 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 -33.33%. 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).

On the downside, the stock finds support just below today's level from accumulated volume at $30.56 and $29.95.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 $30.56. If this is broken, then the next support from accumulated volume will be at $29.95 and $27.06.

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 $6.88 between high and low, or 23.82%. For the last week, the stock has had daily average volatility of 25.51%.

Trump Media & Technology Group Corp. 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.