Trump Media & Technology Group Corp. (NASDAQ:DJT) shares, rose in value, with the stock price up by 7.91% to the previous day’s close as strong demand from buyers drove the stock to $38.49.
Actively observing the price movement in the last trading, the stock closed the session at $35.67. Referring to stock’s 52-week performance, its high was $79.38, and the low was $12.40. On the whole, DJT has fluctuated by -33.63% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that DJT’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of DJT currently trading nearly -2.19% and -7.90% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.88, while the 7-day volatility ratio is showing 13.81% which for the 30-day chart, stands at 15.84%. Furthermore, Trump Media & Technology Group Corp. (DJT)’s beta value is 6.55, and its average true range (ATR) is 5.93.
A comparison of Trump Media & Technology Group Corp. (DJT) with its peers suggests the former has fared considerably weaker in the market. DJT showed an intraday change of 7.91% in last session, and over the past year, it grew by 188.10%%.
Data on historical trading for Trump Media & Technology Group Corp. (NASDAQ:DJT) indicates that the trading volumes over the past 3 months, they’ve averaged 6.10 million. According to company’s latest data on outstanding shares, there are 136.70 million shares outstanding.
Nearly 71.39% of Trump Media & Technology Group Corp.’s shares belong to company insiders and institutional investors own 1.24% of the company’s shares. The stock has risen by 119.94% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DJT stock heading into the next quarter.
