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Trump Media & Technology Group (DJT): Big Moves Ahead?Good morning, trading family! Trump Media & Technology Group (DJT) is at a critical juncture, and here’s what we’re watching: If the price falls below $33.87: It could drop to $30-$28, with a chance of bouncing back to $59.57 afterward. If the price breaks above $38.51: We could see momentum push it to $59 or higher. If it fails to hold $28: Deeper declines may follow. These levels are key, and how the price reacts will set the direction. Let’s stay sharp and trade smart! Comment, like, follow, or send me a DM if you want more insights on this setup! Kris/Mindbloome Exchange Trade What You See
NASDAQ:DJT
by Mindbloome-Trading
$DJT Analysis of the Chart: Trump Media & Technology Group CorpThis daily chart shows Trump Media & Technology Group Corp., currently trading at $34.71, slightly below the pivot level (P: $34.58) and experiencing a minor pullback. The white dashed lines represent dark pool levels, indicating significant institutional activity zones. The price is consolidating near critical levels, with a potential for either a bullish recovery or a bearish continuation, depending on upcoming price action. Technical Analysis Trend Analysis Prior Trend: The stock has exhibited a downtrend from August through mid-September, characterized by lower lows and lower highs. A bullish reversal began in late September, leading to a strong rally into November, crossing major resistance levels and forming a clear uptrend. Current Trend: After hitting a peak at $53.99 (R3) in early November, the stock entered a correction phase. The price has been consolidating near the $34.58 pivot level, testing the 8 EMA for support. Key Levels Resistance Levels: R1 ($41.99): First key resistance and potential profit target for a bullish move. R2 ($46.57): Secondary resistance where sellers might reappear. R3 ($53.99): Major resistance, representing the upper boundary of the previous rally. Support Levels: S1 ($27.16): First critical support level below the current price, coinciding with prior consolidation. S2 ($22.58): Secondary support level, marking the midpoint of the September rally. S3 ($15.17): Significant long-term support, indicating the lower end of the bearish phase. Dark Pool Levels: The white dashed lines indicate dark pool trading activity, with notable levels at $34.58 (Pivot) and $30.28, both acting as significant support or resistance depending on price action. Volume Analysis Volume spiked during the rally in October and early November, signaling strong institutional participation. Recent volume is declining, which is typical during consolidation, but a volume breakout would signal the next directional move. Moving Averages (8 EMA and 21 EMA): 8 EMA (yellow line): The price is currently testing this short-term support level. Holding above this line would indicate potential bullish momentum. 21 EMA (blue line): Acts as medium-term support. A break below it would suggest bearish continuation. Potential Scenarios Bullish Case: Key Factors: The price holds above $34.58 (Pivot) and the 8 EMA, confirming strong buying interest. A breakout above R1 ($41.99) would signal a resumption of the bullish trend. Entry: Enter a long position above $35.00, confirming a bounce off the pivot or a breakout above the 8 EMA. Profit Targets: First Target: $41.99 (R1). Second Target: $46.57 (R2). Stretch Target: $53.99 (R3). Stop Loss: Close below $32.75, as a break of this level invalidates the bullish setup. Bearish Case: Key Factors: The price breaks below $34.58 (Pivot) and the 8 EMA, confirming selling pressure. A breakdown below $32.75 would likely lead to further declines toward support levels. Entry: Enter a short position below $32.75, confirming a breakdown. Profit Targets: First Target: $30.28 (Dark Pool Level). Second Target: $27.16 (S1). Stretch Target: $22.58 (S2). Stop Loss: Close above $35.50, as it would invalidate the bearish setup. Conclusion The stock is currently at a critical juncture, consolidating near the $34.58 pivot level and the 8 EMA. A decisive move in either direction, accompanied by volume confirmation, will determine the next trend. Traders should watch for a breakout above $35.00 for a bullish setup or a breakdown below $32.75 for a bearish move. Clear profit targets and stop-loss levels are essential to managing risk in this trade.
NASDAQ:DJT
by thedarkpooltrader
DJT at a Crossroads: Bullish Momentum or Potential Pullback?The DJT stock is showing signs of a potential trend reversal after a prolonged downtrend. For an extended period, the stock moved in a clear downward trajectory, forming lower highs and lower lows. Recently, however, a significant breakout above the downward trendline has occurred, accompanied by a noticeable increase in trading volume, signaling renewed buying interest. The price has established a strong support zone between 28.50 and 30.00, where it has shown stability and a sharp rebound. This zone highlights a key area of buyer activity, making it a crucial level to watch. On the upside, the levels of 66.42, 70, and 92.50 represent important resistance zones. The first at 66.42 may act as a near-term barrier, while 70 is a natural psychological resistance level and the next logical target. Finally, 92.50 serves as a long-term target if bullish momentum persists. Recent price action also reflects strategic liquidity plays. Liquidity was swept from the lows below 30.00, likely allowing for significant accumulation by institutional buyers. The subsequent price recovery above this level reinforces the potential for a sustained upward movement. Breaking and holding above 66.42 will confirm strength in the upward trend, potentially paving the way toward 70, and eventually 92.50, a key historical level. Additionally, moving averages are aligning toward a bullish crossover, further supporting the outlook for continued upward momentum. The recent increase in trading activity at current levels underscores growing market interest and confidence in the stock. Looking ahead, if the price remains above the 28.50–30.00 support zone , the next targets are 66.42, followed by 70, and finally 92.50 as the primary resistance levels. However, caution is warranted in the event of a break below 28.50, as this could lead to further downside toward 13.01. In conclusion, the stock is at a critical juncture. Monitoring price action and volume near key levels will be essential to confirm the next direction. Risk management remains paramount, especially when navigating strong support and resistance areas.
NASDAQ:DJT
by abulyan
6
Is the Trump Trade Fading? The sugar high from Trump’s victory may be wearing off in a few areas. Tesla, once a post-election favorite after Elon Musk’s support of Trump’s campaign, has now reversed direction. Reports suggest that Republicans will end the $7,500 EV tax credit—a move that’s sent Rivian tumbling 9%, while Tesla is down nearly 4%. Shares of Trump Media & Technology slid 8% today. But being a meme stock, analysis here won't tell us much. In a notable signal, the CFO and two other insiders sold over $16 million of stock in the week following the election. Yet, the U.S. dollar remains resilient, possibly buoyed by the Cabinet picks coming out of the Trump administration. Marco Rubio’s nomination as Secretary of State suggests a tough stance on China. Known for his anti-communist positions and support for Hong Kong’s democracy movement, Rubio has advocated for tighter export controls on U.S. technology and visa sanctions against Chinese officials, hinting at a policy that may go well beyond tariffs.
TVC:DXY
by BlackBull_Markets
DJT a winner in life. A winner in the market? Hello Traders, Quite obvious large wedge pattern emerging here, with price action sitting on a solid support. If it breaks support below shown on the chart, we will more likely than not, come down between $10 & $11. This would have course be our best entry point. Could it happen? OF COURSE, this is why we do TA! It is to assure we have a plan for all possibilities and minimize risk along the way! That being said, where price action is currently, we could very likely start next week with a green candle and continue it through mid week and if so my plan is to start buying some contracts If the week closes green. Possibly a few if we get two green closes M & T. it’s very likely to break out in the next month or two. Maybe within another 1-2 weeks. If we see a solid green candle close next week. In addition, look at that massive sell volume that couldn’t even break support. My money is on the bounce and then breakout here where we stand! Best of luck and always follow the path of less resistance and have a plan for a diverging outcome! This is law if you want to be consistently profitable! Stay Profitable, Savvys
NASDAQ:DJTLong
by Crypto_Kinfolk
7
Trump wins? $DJT to fall into election, then rally after?I've been watching the DJT chart for a while now. I originally took a trade at $17 with intention to hold, but got scared out of the position on the loss of $16. It ended up bottoming at $13. Since then, it's gone 3x with people anticipating a Trump win. We've corrected in the last few days and the chart looks like it wants to see more downside into the $27-20 levels. That's where I'll start scaling into positions in both spot and calls. To me, that looks like a great buying opportunity. On higher timeframes, it looks like the stock is getting ready for a large move above $100 post election. Let's see how it plays out over the next week.
NASDAQ:DJTLong
by benjihyam
21
TRUMP MEDIA (DJT) Skyrockets After NYC Rally! Next Big Move?TRUMP MEDIA (DJT) Analysis: Trump Media & Technology Group Corp (DJT) experienced a sharp rise in price, gaining over 10% in Tuesday’s pre-market trading following a high-profile rally by Donald Trump at Madison Square Garden. This rally, which attracted a wave of attention, likely fueled the surge in buying interest. The stock closed 21.59% higher the previous day, marking a significant increase. Trade Setup: Entry Point: $30.15 Stop Loss: $20.95 Target Levels: TP 1: $41.53 TP 2: $59.93 TP 3: $78.33 TP 4: $89.70 Technical Indicators: The Risological dotted trend line indicates bullish momentum, suggesting that buyers are stepping in forcefully. With TP 1 already reached, the stock has shown strong momentum, making the higher targets achievable if this rally sustains. Market Sentiment: Post-event enthusiasm and Trump’s push on key issues seem to resonate with certain investor groups, potentially sparking further interest. Given the volume spike to 110.35M, far above its 30-day average, momentum remains high. Outlook: With further upside potential, the stock could reach its higher target levels if the rally and media attention continue to bolster confidence. Keep a close watch on volume and price action to capture potential profit-taking points or to ride the bullish wave to higher targets.
NASDAQ:DJTLong
by ProfitsNinja
$DJT Climbs 18.55%—Boosting Trump’s Net Worth By Over $500 MlnShares of Trump Media & Technology Group (NASDAQ: NASDAQ:DJT ) surged by 18.55% on Monday, significantly increasing Donald Trump's net worth by over $500 million. This marks a notable rebound for the stock, which has faced volatility in recent months. Trump Media, which owns the social media platform Truth Social, saw its stock price rise to nearly $30 per share. Trump, who holds a 57% stake in the company, benefited from the sharp rise, bringing his net worth to $5.5 billion. The surge in Trump Media stock comes as speculation around Trump’s potential election win intensifies. Betting markets have given Trump higher odds of winning, with Election Betting Odds trackers showing Trump leading Kamala Harris at 53.2% to 45.8%. The stock, often labeled a “meme stock,” has reacted strongly to these political developments. Political Influence & Investor Sentiment Trump Media’s stock price often mirrors the former president's chances in the upcoming U.S. election. As election betting markets sway in favor of Trump, so do investor sentiments surrounding $DJT. The rise in stock value can be largely attributed to Trump's increasing chances of a successful political comeback, leading investors to bet on the company’s future under a potential Trump presidency. Additionally, the company's recent launch of Truth+ streaming services has contributed to the renewed attention. Trump Media (NASDAQ: NASDAQ:DJT ) recently announced the rollout of Truth+ on the web, with future plans to expand into iOS, Android, and major smart TV platforms. This move is expected to broaden the company’s user base and provide an additional revenue stream. Technical Analysis: From a technical perspective, (NASDAQ: NASDAQ:DJT ) is displaying strong bullish signals. As of the time of writing, the stock has formed a bullish engulfing pattern, confirming a potential continuation of upward momentum. The stock is currently trading above key moving averages, with the RSI sitting at an overbought level of 76. While the stock is in an overbought zone, this is a common feature for NASDAQ:DJT during sharp rallies, especially given the influence of political and media news on its price movement. The stock's current resistance level is set at $40, a significant pivot that mirrors a previous support level from June 2024. Breaking through this resistance could lead to a new rally, especially if Trump's election prospects improve further. On the downside, support is positioned around $23, which is also near the stock’s one-month high. A move toward this zone would likely lead to consolidation before the next leg higher. Election Impact on Long-Term Prospects The outcome of the U.S. presidential election could have a dramatic effect on the future of NASDAQ:DJT stock. If Donald Trump emerges victorious, it is highly likely that the stock could test or exceed its all-time high (ATH) of $66, a level reached in February 2022. However, if Trump loses, the stock could face steep declines, with experts like Matthew Tuttle suggesting it could plummet to zero. For now, Trump Media’s performance remains heavily influenced by external factors, particularly political events. Investors are advised to keep a close watch on polling data and election betting odds, as these will be critical in forecasting the stock's trajectory over the next several months. What to Watch For The next major catalyst for NASDAQ:DJT will be its third-quarter earnings report, expected in mid-November. The previous report showed lower-than-expected revenue, leading to a stock price drop. Investors will be watching closely to see if the company's new streaming platform and growing political momentum can offset earlier losses. If Trump’s political influence continues to rise, the stock could easily outperform expectations.
NASDAQ:DJTLong
by DEXWireNews
4
Trump Media & Technology Group Stock Surges as Musk Backs TrumpShares of Trump Media & Technology Group (NASDAQ: NASDAQ:DJT ) surged by over 15% on Monday, buoyed by renewed political momentum after former President Donald Trump’s rally in Butler, Pennsylvania, where he appeared alongside Tesla CEO Elon Musk. The event, held just a day prior, saw Musk publicly endorse Trump for president, a move that has energized Trump’s supporters and investors alike. Musk’s endorsement, along with the rally’s broader media coverage, has acted as a significant catalyst for NASDAQ:DJT stock, which has seen a strong uptick in trading volume and investor interest. Musk-Backed Momentum and Media Buzz The rally in Butler marked a high-profile return for Trump to the site of a previous assassination attempt in July, with Musk's appearance further amplifying the media attention. In his 90-minute speech, Trump spoke at length about his vision for the country, while Musk labeled himself “Dark MAGA” and expressed strong support for Trump’s re-election, stating, “President Trump must win to preserve the Constitution.” This public backing by one of the world's most influential tech entrepreneurs has provided a jolt to NASDAQ:DJT , which had previously been on a steady decline. Adding to this momentum is the recent U.S. Supreme Court dismissal of a lawsuit filed by Musk’s X Corp. The lawsuit alleged that Special Counsel Jack Smith violated the First Amendment in obtaining a search warrant for Trump's communications on Twitter. The dismissal was seen as a victory for both Trump Media and Musk, helping to restore some investor confidence. However, challenges remain. Trump Media recently revealed in regulatory filings that its Chief Operating Officer, Andrew Northwall, resigned in late September, marking yet another leadership shake-up within the company. Additionally, the firm is set to release nearly 800,000 shares of its stock to an early investor, per a Delaware judge’s ruling. Despite these internal challenges, the company’s chief product, Truth Social, continues to depend heavily on Trump’s popularity and his continued presence on the platform. Technical Outlook Technically, NASDAQ:DJT appears to be in the early stages of a potential bullish rebound. The stock is currently up 10.67% as of this writing, capitalizing on the rally’s momentum and Musk’s endorsement. However, NASDAQ:DJT has been in a falling trend pattern since its all-time high (ATH) back in March 2024, signaling a long-term downward trend. The Relative Strength Index (RSI) stands at 54.54, indicating that the stock is not yet overbought and has room to grow further. This gives traders optimism that the stock could continue its upward trajectory. A key concern, however, is that NASDAQ:DJT is still trading below critical moving averages (MAs), particularly the 50-day and 200-day MAs. These levels represent important resistance points that NASDAQ:DJT will need to break through to confirm a sustained bullish reversal. Price targets suggest that the next major pivot for the stock is set at $33, aligning with the 200-day MA. Should NASDAQ:DJT continue to capitalize on its recent gains, breaking through this level would be a strong indicator of further upward movement. However, until the stock moves above these key averages, caution is warranted as NASDAQ:DJT remains vulnerable to retracement. Outlook: Political Tailwinds Could Drive Future Gains The rally in Butler, Musk’s endorsement, and recent legal victories have given NASDAQ:DJT a fresh boost of momentum, but the stock still has significant hurdles to overcome. Investors are eyeing the upcoming 2024 election cycle as a potential catalyst for further gains, particularly if Trump’s popularity continues to rise. While the stock is still trading below its key moving averages, the formation of a bullish pattern and steady RSI suggest that there may be room for further upside. As NASDAQ:DJT recovers from its post-March lows, long-term investors and traders will be watching closely to see if the stock can break through the $33 resistance level, which could signal a full-blown reversal of its current trend. For now, NASDAQ:DJT is riding a wave of political and media momentum, and the road ahead is one of cautious optimism. Investors would do well to keep an eye on both Trump’s political fortunes and the company’s internal management developments as key factors that will influence the stock’s trajectory.
NASDAQ:DJTLong
by DEXWireNews
Trump Media & Technology Group Sees Relief – What’s Driving it? Trump Media & Technology Group (Nasdaq: NASDAQ:DJT ), the parent company of the social media platform Truth Social and operator of the Truth+ TV streaming service, has seen a sharp recovery in its stock price after hitting its lowest point since its SPAC merger in March. With recent developments and a surge of 8.95% in its stock price, the company's expansion into multi-site content delivery networks (CDNs) is drawing significant attention from investors. Expansion Overview At the core of this recovery is the strategic expansion of Truth Social’s custom-built content delivery network. TMTG’s CEO, Devin Nunes, recently announced that the CDN, which powers Truth+ TV, is now operational at multiple geographic locations across the country. The expansion is a significant step for the company, as it enhances its ability to deliver streaming content more efficiently and reliably. This distributed content network will allow Truth Social to stream news, Christian content, and family-friendly programming at scale, all while operating on its proprietary software infrastructure. As Nunes highlighted, this is consistent with Truth Social’s vision to become a platform that promotes free speech and remains outside the control of Big Tech. The company plans to introduce stand-alone apps for Truth+ TV soon, further expanding its reach and user engagement. This streaming expansion has breathed new life into the stock, helping NASDAQ:DJT recover from its prolonged downtrend. In addition to the technical advancements, NASDAQ:DJT 's recent stock surge can also be attributed to large-scale investor movements. United Atlantic Ventures LLC, a major shareholder, offloaded nearly its entire stake in the company. Despite this move, the stock rallied 7% following the news, suggesting that investors are optimistic about the company’s future direction and are focusing on its long-term growth potential rather than short-term shareholder exits. Technical Outlook From a technical perspective, NASDAQ:DJT has been stuck in a persistent downtrend since its all-time high in March. The stock had been trading within a falling trend channel for months, facing resistance and failing to break out of its downward trajectory. However, the recent price action has provided a glimmer of hope for bulls. In Tuesday’s trading session, NASDAQ:DJT was up 0.83%, with the Relative Strength Index (RSI) sitting at 44.33. While this is still below the midpoint of 50, indicating neutral momentum, it suggests that the stock may be on the verge of breaking out of its bearish trend. The RSI is also no longer in oversold territory, signaling that selling pressure has eased. On Monday, NASDAQ:DJT surged 8.85% following the announcement of the multi-site content delivery network for Truth Social. This move has marked a potential reversal in the stock’s price trajectory, especially as the company’s efforts to expand its streaming capabilities seem to be resonating with investors. However, the stock still faces resistance levels, with traders watching for a sustained break above recent highs to confirm a full reversal. Challenges and Future Outlook Despite the recent recovery, Trump Media (Nasdaq: NASDAQ:DJT ) has faced significant hurdles in 2024. One of the notable challenges was the reduction of stakes by co-founder Andrew Litinsky, who now owns only 100 shares through his investment vehicle, United Atlantic Ventures. This move initially raised concerns among investors, contributing to the stock’s decline earlier in the year. Additionally, competition in the streaming space is fierce, and Truth Social’s goal of building an uncancellable, proprietary streaming platform puts it in direct opposition to some of the largest tech companies in the world. However, the company’s vision and its clear steps toward executing that vision have brought optimism back to the market. Truth Social’s infrastructure expansion and its focus on free speech and uncancellable content could attract a dedicated user base. Moreover, the launch of stand-alone apps for Truth+ TV could serve as a major catalyst for both user growth and stock price appreciation in the coming quarters. Conclusion Trump Media & Technology Group ( NASDAQ:DJT ) has managed to stage a promising recovery, driven by its strategic expansion of Truth Social’s content delivery network. While the company has faced challenges throughout 2024, the recent surge in stock price and improvements in its streaming infrastructure point toward a brighter future. Investors will be closely watching the stock’s ability to maintain momentum and break through key technical resistance levels. With Truth Social’s goal to become a fortress of free speech and the upcoming launch of standalone apps, NASDAQ:DJT has the potential to regain favor among both retail and institutional investors. However, caution is warranted as the stock is still vulnerable to volatility, particularly if the broader market turns or if the company faces further headwinds. For now, the improvements is painting an encouraging picture for $DJT.
NASDAQ:DJTLong
by DEXWireNews
9
Truth Social’s Parent Company Stock Tumbles: What’s Behind This?Shares of Trump Media & Technology Group (NASDAQ: NASDAQ:DJT ), the parent company of Truth Social, continue to slide, dropping another 6.19% on Friday. Since its public debut, the stock has faced turbulent waters, once reaching highs of $70 but now sitting around $14.70. So, what’s driving this steep decline? The Lock-Up Period Ends, Investors Brace for Impact The most recent catalyst for the sell-off? The expiration of a lock-up period for insiders, including former President Donald Trump, who owns a 57% stake in the company. Lock-up periods are designed to prevent insiders from selling their shares immediately after an IPO or SPAC merger, but once they expire, large shareholders are free to sell off their positions—potentially flooding the market with stock. Though Trump assured investors he has no intention of selling, with statements like, "I don’t want to sell my shares" and “It is my intention to own this stock for a long period of time,” uncertainty still looms large. Many investors fear that if Trump or other insiders were to offload shares, it would tank the already battered stock even further. The Political Influence NASDAQ:DJT ’s stock performance has always been closely tied to political events. The stock initially surged following Trump's debate with then-President Joe Biden and the subsequent political drama surrounding both parties. However, the political climate has shifted, and the stock has struggled to find its footing, especially with President Kamala Harris now leading the Democratic ticket. These political shifts have weighed on the stock, especially as Truth Social’s role in the broader media landscape has come under scrutiny. Although the platform was designed as a conservative alternative to Twitter, the stock's performance suggests that the platform hasn't captured as much market share or user engagement as anticipated. Technical Outlook: On the technical side, NASDAQ:DJT is showing significant signs of distress. The stock has entered oversold territory, with a relative strength index (RSI) of just 27. Typically, an RSI below 30 signals that a stock is oversold, meaning it could be poised for a bounce. However, there's little sign of a reversal, with the daily chart revealing a death cross pattern—a bearish signal that occurs when the 50-day moving average crosses below the 200-day moving average. This death cross, combined with the fundamental uncertainty surrounding the stock, has created a perfect storm of downward pressure. Investors are increasingly wary of NASDAQ:DJT , particularly as there is no clear path forward for reversing the current trend. A Grim Picture While technical analysis shows bearish signals, the fundamentals offer little relief. Since its listing, Truth Social has struggled to maintain consistent user growth and advertising revenue, two critical factors for sustaining a social media platform. Despite its high-profile beginnings and its positioning as a conservative voice in social media, it hasn’t been able to generate the kind of traction needed to sustain long-term growth. Furthermore, Trump Media & Technology Group’s value largely hinges on the public's and investors' continued belief in its future. Given the end of the lock-up period and looming uncertainty about insider intentions, the stock is facing even more downward pressure. What Lies Ahead? So, where does NASDAQ:DJT go from here? With political uncertainty, insider selling fears, and bearish technical signals, the stock faces an uphill battle. The lock-up period expiration could potentially bring more selling pressure as insiders have the freedom to cash out. If Donald Trump and others decide to hold their shares, as they’ve suggested, it may stabilize in the short term. But the long-term outlook remains cloudy. For risk-tolerant investors, the current oversold conditions might seem like a buying opportunity. However, with the death cross pattern on the charts and ongoing market volatility, the risks may outweigh the rewards. Until NASDAQ:DJT can demonstrate stronger fundamentals, both politically and financially, it’s hard to make a bullish case for the stock. In the meantime, investors should buckle up— NASDAQ:DJT 's rollercoaster ride may be far from over. Will NASDAQ:DJT rebound, or is this the beginning of the end for Trump’s media empire? Investors should keep a close eye on the coming weeks to see how the stock reacts to insider actions and political developments.
NASDAQ:DJTLong
by DEXWireNews
2
Trump Media & Technology Group ($DJT) Surge 18%Shares of Trump Media & Technology Group ( NASDAQ:DJT ) saw an 18% surge after Donald Trump reaffirmed his commitment to the social media platform **Truth Social**, stating that he isn’t selling his majority stake and will remain on the platform. This comes as a key moment for both the company and its investors, especially with upcoming opportunities for Trump and insiders to potentially sell shares. The Whole story The rise in NASDAQ:DJT stock can be attributed to Trump’s strong influence, given that he owns 57% of Trump Media, making his stake worth around **$2 billion** after the recent stock surge to **$17.89**. However, the company's fundamentals tell a different story. Trump Media, despite once having a $10 billion valuation, has faced declining share prices, especially as political uncertainties and Trump's legal issues have surfaced. Revenue Concerns: Trump Media’s revenue performance is relatively modest, equivalent to just two Starbucks outlets, generating a loss of **$869,900** in the quarter ending June 30. This shows a significant disconnect between the company’s stock market valuation and its actual earnings. This highlights the speculative nature of the stock, which often sees spikes based on news related to Trump, rather than strong underlying business performance. Market Valuation: At a **$3.6 billion** valuation, many strategists argue the stock is overpriced based on its fundamentals. The business itself lacks robust revenue streams and has been categorized as a high-risk speculative investment tied heavily to Trump’s political future. Key Upcoming Events: - Insider Selling: Trump and other insiders will soon have the opportunity to sell shares after September 20 if the stock price holds above **$12**. There’s anticipation that if insiders start selling, the market may see a flood of shares that could drive the price down, although Trump’s announcement that he won’t sell could stabilize the situation for now. - Elections Impact: Investors are closely watching the outcome of the **2024 U.S. presidential election**. Trump's success or failure could have an enormous impact on NASDAQ:DJT , as the stock is largely seen as a speculative bet on his political chances. If Trump were to win, there’s potential for a significant rally in stock prices due to renewed market confidence. Technical Outlook As of writing, NASDAQ:DJT stock is up **11.91%**, reflecting optimism from Trump’s statement. Here’s a breakdown of the technical indicators: - RSI (Relative Strength Index): Currently at **37**, indicating that the stock is still in the oversold territory, though moving towards a neutral stance. The RSI suggests there could still be some volatility ahead as the stock struggles to break out of its long-term downtrend. - Trend Channel: NASDAQ:DJT has been in a falling trend channel for some time, struggling to sustain a bullish reversal. The appearance of a bullish hanging man pattern on the daily chart offers some optimism for a potential upward move. - Support and Resistance: Key support is observed at **$12**, while the next major pivot point lies at **$30**. For a more sustainable bullish reversal, the stock needs to break this $30 resistance. A successful rise to this level could lead to a larger rally, especially if linked to positive political developments for Trump. - Market Sentiment: Retail traders dominate NASDAQ:DJT , which has led to significant volatility. Positive political sentiment around Trump, such as his participation in the upcoming election, could drive further rallies, but there are risks of price pullbacks if sentiment shifts or if large-scale insider selling begins. Conclusion While NASDAQ:DJT shows signs of bullish momentum following Trump’s statements, its underlying fundamentals raise concerns. Investors should remain cautious, given the speculative nature of the stock. The upcoming election and potential insider stock sales are key catalysts that could either drive the stock to new highs or cause significant declines. A rally to the **$30 pivot** would mark a crucial point in its recovery, but this largely depends on external political factors and market sentiment surrounding Trump’s presidential bid.
NASDAQ:DJT
by DEXWireNews
2
DJT might flyDJT (Trump Media) Short Interest % Float 15,93 % Off-Exchange Short Volume Ratio 57,52 % With the upcoming political events and elections and this stock being a potential investment vehicle for allies, and also considering how far the stock has been sold down by now, this seems like an ideal candidate for a massive short squeeze. Disclaimer: This idea is not intended as investment advice and should not be interpreted as an offer to sell or a recommendation to purchase any asset. Any decisions made based on the information presented in this idea are the sole responsibility of the individual. All investment decisions should be made independently, taking into account your financial situation and objectives.
NASDAQ:DJTLong
by variable_not_defined
2
Truth Social’s Troubles: A Hectic Quarter and Tumbling ShareTrump Media and Technology Group ($TMTG), the parent company of Truth Social, has faced significant challenges in recent months, reflected starkly in its latest financial results. The second quarter of 2024 brought troubling news for TMTG, as the company reported a substantial net loss of $16.4 million and generated a modest $837,000 in revenue. This loss and revenue decline have had a notable impact on the company's stock, trading under the DJT ticker, which saw a nearly 38% drop from its mid-July highs. Financial Struggles and Cost Pressures The financial report reveals that legal expenses associated with the company's March SPAC merger, which facilitated its transition to a public entity, were a significant contributor to the losses. Additionally, substantial investments were made in IT and software development for the Truth+ streaming service, with over $3 million allocated to these areas. While Truth+ is expected to begin generating revenue next year, the current financial strain highlights the hurdles TMTG faces. Despite the company's ambitious plans to expand and enhance its platform, including potential mergers and acquisitions, the results have been less than encouraging. Revenue for the second quarter has decreased from $1.2 million in the same period last year, raising concerns about the platform’s growth trajectory. Ties to Trump’s Political Future TMTG’s fortunes are intricately linked to the political fortunes of its chairman, Donald Trump. The company’s prospectus underscores that its success is partially dependent on Trump’s popularity and public perception. With Trump engaged in a fiercely competitive presidential race, the impact of his campaign's performance on TMTG’s stock remains uncertain. Trump’s recent reactivation on X/Twitter, where he resumed posting after a period of absence, adds another layer of complexity. His activity on multiple social media platforms may influence public perception and, consequently, the value of TMTG’s assets. Market Reaction The market has responded negatively to TMTG’s financial disclosures. Shares of the company fell approximately 5% on the day of the report, closing at $24.88. This decline is compounded by the broader 38% drop in share price from July’s highs, reflecting investor concerns about the company’s long-term viability and the broader political climate impacting its success. In summary, Truth Social’s performance in the second quarter highlights ongoing financial difficulties and a challenging market environment. As TMTG looks through this diffculties, its future will likely be shaped by both its financial management and the evolving political landscape. Investors and observers alike will be closely watching to see how these factors unfold in the coming months.
NASDAQ:DJTShort
by DEXWireNews
2
DJT falls on stratospheric valuations SHORTDJT, the Trump media company, had a massive run up after the DWAC merger only to fade and fall with the SEC filing showing minimalistic revenue and negative earnings. It moved up in meme fashion but is now falling as fundamentals come to light. In five months the namesake will be able to sell if there is any remaining value. In the meanwhile, the board will likely refuse an early sell permission because that would like cause a " long squeeze". DJT is a good short right now no matter the locate and carry fees which are very high. I was long DWAC and am now short DJT using the profits from the merger volatility. Selling volumes are rising showing the longs are beginning to get squeezed. The relative trend indicator shows a strong move down.
NASDAQ:DJTShort
by AwesomeAvani
7