Trump Media & Technology Group Corp. Stock Forecast

Buy or Hold candidate since Feb 13, 2025 Loss -0.91%

The Trump Media & Technology Group Corp. stock price fell by -0.91% on the last day (Friday, 14th Feb 2025) from $30.67 to $30.39. During the last trading day the stock fluctuated 2.96% from a day low at $30.03 to a day high of $30.92. The price has fallen in 6 of the last 10 days and is down by -4.61% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -313 thousand shares and in total, 3 million shares were bought and sold for approximately $92.05 million.

The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $29.46 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Trump Media & Technology Group Corp. stock with a 90% probability to be traded between $29.24 and $42.47 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stock seldom manage to go directly from the bottom of a trend up to the top. Stock turning up in the middle of a horizontal trend are therefore considered to be potential runners.

DJT Signals & Forecast

There are mixed signals in the stock today. The Trump Media & Technology Group Corp. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $30.93 and $34.00. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Monday, January 27, 2025, and so far it has risen 2.89%. 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).

Support, Risk & Stop-loss for Trump Media & Technology Group Corp. stock

Trump Media & Technology Group Corp. finds support from accumulated volume at $30.10 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.89 between high and low, or 2.96%. For the last week, the stock has had daily average volatility of 2.93%.

Our recommended stop-loss: $28.70 (-5.57%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 14 days ago.)

Trading Expectations (DJT) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Trump Media & Technology Group Corp. to open at $30.45, and during the day (based on 14 day Average True Range), to move between $28.55 and $32.23, which gives a possible trading interval of +/-$1.84 (+/-6.07%) up or down from last closing price. If Trump Media & Technology Group Corp. takes out the full calculated possible swing range there will be an estimated 12.13% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $30.10 (0.95%) than the resistance at $32.07 (5.53%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Trump Media & Technology Group Corp. stock A Buy?

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.

Current score: -0.851 Hold/Accumulate Downgraded

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Predicted Fair Opening Price

Predicted fair opening price on February 18, 2025 - $30.45 ( 0.186%).