Trump Media & Technology Group Corp. Stock Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
Buy signal from moving average indicating potential upward movement.
Sell Signal (MA)
Sell signal from moving average indicating potential downward movement.
AI Analysis of DJT
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Volatile ride for Trump Media & Technology Group Corp. stock price on Friday moving between $24.47 and $27.24
(Updated on Oct 11, 2024)
Buy candidate since Oct 10, 2024
Gain 4.81%
Given the current short-term trend, the stock is expected to fall -44.31% during the next 3 months and, with a 90% probability hold a price between $4.32 and $14.08 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.
DJT Signals & Forecast
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 $20.40 and $17.65. 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 108.07%. 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.
Support, Risk & Stop-loss for Trump Media & Technology Group Corp. stock
Trump Media & Technology Group Corp. finds support from accumulated volume at $24.12 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 $2.77 between high and low, or 11.32%. For the last week, the stock has had daily average volatility of 15.67%.
The Trump Media & Technology Group Corp. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stock may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $24.47 (-3.20%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 90 and this increases the risk substantially. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (DJT) For The Upcoming Trading Day Of Monday 14th
For the upcoming trading day on Monday, 14th we expect Trump Media & Technology Group Corp. to open at $25.66, and during the day (based on 14 day Average True Range), to move between $23.20 and $27.36, which gives a possible trading interval of +/-$2.08 (+/-8.21%) 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 16.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $24.12 (4.59%) than the resistance at $29.21 (15.55%), 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 and despite the stock being in a falling trend, we considered it to be a good choice at these current levels. We expect Trump Media & Technology Group Corp. stock will perform very well in the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score:
5.750
Strong Buy Candidate
Upgraded
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Predicted Fair Opening Price
Predicted fair opening price on October 14, 2024 - $25.66 ( 1.52%). The predicted opening price is based on yesterday's movements between high, low, and closing price.Trading levels for DJT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.43 | 12.47% |
| R2 | 27.38 | 8.29% |
| R1 | 26.72 | 5.70% |
| Price | 25.28 | |
| S1 | 24.61 | -2.67% |
| S2 | 23.95 | -5.26% |
| S3 | 22.89 | -9.44% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 30.89 | 22.19% |
| R2 | 30.62 | 21.12% |
| R1 | 29.21 | 15.55% |
| Price | 25.28 | |
| S1 | 24.12 | -4.59% |
| S2 | 21.80 | -13.77% |
| S3 | 20.57 | -18.63% |
FAQ
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