Is Trump Media Stock a Good Buy? DJT Stock Price Analysis
We haven’t heard much about Trump Media Stock in a while, but recently, it has started to attract a lot of investor attention. This isn’t surprising, considering Trump was a media magnet long before he entered the White House. If you’re interested in Trump Media Stock, here’s a forecast and analysis of its potential price.
Trump Media & Technology Group Stock
Trump Media stock today declined by 1.29%, dropping from $20.10 to $19.84. This marks the fourth consecutive day of decline.
Throughout the trading session, the stock experienced a range of 6.84%, with a low of $19.74 and a high of $21.09. Over the past ten days, the stock has decreased eight times, resulting in a total decline of 15.83%.
Notably, the trading volume declined on the last day. This is generally a positive sign since volume should align with price movements. The volume dropped by 810,000 shares, bringing the total to 4 million shares traded, equating to roughly $84.96 million in transactions.
Public Perception
Some Trump supporters see Trump Media’s stock as a way to back the former president or bet on his chances of winning a second term. For example, the stock price surged on July 15. This was the first trading day after the former president was nearly assassinated at a campaign rally in western Pennsylvania.
However, recent developments, such as changes in the presidential race, have disrupted this support, contributing to the decline in Trump Media’s stock.
Major Investors
Trump Media & Technology Group Corp. (DJT) has 299 institutional owners and shareholders who have submitted Forms 13D/G or 13F with the Securities and Exchange Commission (SEC).
These institutions together hold a total of 13,070,847 shares. The major shareholders include Vanguard Group Inc., BlackRock Inc., Austin Private Wealth, LLC, Citadel Advisors LLC, Susquehanna International Group, LLP, Geode Capital Management, LLC, and the VTSMX – Vanguard Total Stock Market Index Fund Investor Shares.
DJT/USD 5-Day Chart
DJT: Is It a Good Buy?
The Trump Media & Technology Group Corp. stock shows mixed signals, with a buy signal from the 3-month MACD but sell signals from Moving Averages, indicating a negative outlook. Resistance levels are at $21.77 and $27.71. A significant drop of -51.11% occurred since July 15, 2024, suggesting further decline until a new bottom is established.
The stock is at high risk with significant volatility, lacking support below current levels, and may perform poorly in the coming days.
The risk-reward scenario is unattractive, with resistance at $22.70 and no support below the current price of $19.84.
Insiders at Trump Media & Technology Group are buying significantly more shares than they are selling, indicating strong confidence in the company’s potential.
Is it advisable to invest in Trump Media and Technology Group Corp. shares? The company displays multiple unfavourable indicators and is currently in a broad, declining trend. Consequently, we predict continued poor performance over the coming days or weeks, leading us to maintain a pessimistic outlook on this stock.
How to Buy Trump Media Stock
- Open an account with a stockbroker or contact your bank.
- Choose between online brokers, traditional banks, or full-service brokers.
- Select an investment account type:
- Individual brokerage account
- Individual Retirement Account (IRA)
- 401(k) (if applicable)
- Fund your account through methods like:
- Electronic funds transfer (EFT)
- Wire transfer
- Check deposit
- Place your order:
- Specify the number of shares you want to buy
- Set your desired price (market order or limit order)
- Monitor your investment:
- Keep track of the stock’s performance
- Stay informed about company news and financial reports
Remember, your investment allocation for Trump Media should reflect your confidence in the stock’s potential and align with your overall investment strategy.
For more detailed guides on broker selection, visit our comprehensive broker comparison page. Our expertly curated list provides in-depth reviews, fee structures, and user ratings to help you find the perfect broker for your Trump Media stock purchase and broader investment goals.
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