Trump Media & Technology Group Corp (NASDAQ:DJT) shares are rising Thursday. The move fits the pattern the stock has shown since its debut. DJT often trades based on social popularity more than a traditional company, so sharp swings without a clear headline are not unusual. Here’s what you should know.
- Trump Media & Tech shares are powering higher. Why are DJT shares rallying?
The underlying business remains under pressure. DJT reported revenue of $871,200 with a gross margin of -72.3%. The company posted a net loss of $405.8 million and an EPS of -$1.47. Revenue growth sits at only 1.76% year over year, which shows how slowly the business is expanding.
What The Charts Say
The technical picture is still structurally challenged. DJT is trading 28.2% below its 200-day SMA at $12.55 and 12.7% below its 100-day SMA at $10.32, confirming the stock remains in a longer-term downtrend. Even with Thursday’s strength, DJT is still fractionally below its 50-day SMA at $9.10, keeping the intermediate trend under pressure.
RSI sits at 46.62, a neutral reading that points to choppy range-bound trading rather than a momentum-driven breakout or a washed-out capitulation low. The moving average stack stays unfavorable with the 20-day SMA below the 50-day and the 50-day below the 200-day, a bearish alignment that has historically seen rallies sold into resistance.
The one constructive near-term detail is that price has reclaimed both the 20-day SMA at $8.68 and the 20-day EMA at $8.81. Holding above those levels is the minimum condition for bulls to argue for any follow-through.
Key Level to Watch:
- $8 is the nearby support zone where buyers have previously stepped in, sitting just above the 52-week low of $7.86. A break below that level would likely invite fresh selling pressure.
Benzinga Edge Snapshot
DJT’s momentum is flagged Bearish with a score of 3.55, signaling very weak trend strength versus the broader market. Rallies remain prone to fading until the stock can first build a base above $8 and then mount a sustained reclaim of the 50-day moving average. Until that happens the trend profile stays under pressure and the burden of proof remains on the bulls.
DJT Shares Are Trending Higher
DJT Price Action: Trump Media shares were up 4.40% at $9.01 at the time of publication on Thursday. The stock is near its 52-week low of $7.86, according to Benzinga Pro.
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