Trump Media Inches Up on Base-Building
$Trump Media & Technology(DJT)$
$16.16 (+0.81%): Base-building attempt; holding $16 keeps $16.6–$17.2 rebound window
Market Recap (as of Oct 29, 2025):
Trump Media & Technology Group inched up +0.81% to $16.16, trading $16.05–$16.63 on the day. Volume 10.67M vs 6.40M avg (~1.7×), with pre-market quotes near $16.17.
YTD drawdown remains steep and the 52-week range is $15.40–$49.87. High beta (~4.64) underscores headline sensitivity ahead of the Nov 7 earnings date.
Technical Indicators Analysis:
RSI(14) ~45.7 (neutral-bearish) and MACD coiling near the zero line—momentum attempting to stabilize after a prolonged drift. Price action sits around a multi-month floor;
a constructive setup needs a push back into last month’s supply zone with rising volume.
Base case (1–3 weeks): sideways/mean-reversion. A firm reclaim and hold > $16.6–$17.2 opens $17.8–$18.0; failure to hold the floor risks another probe of the 52-wk low.
Support / Resistance:
Support: $15.40-$16.00
Resistance: $16.60-$17.20
Valuation and Target Range:
TTM P/E ≈ 179.6×, far above the S&P 500 (~25×), reflecting small EPS and elevated event risk. Near term, expect $15.4–$17.2 range trade;
breakout confirmation targets $17.8–$18.0; a daily close < $15.4 would signal new-low risk.
Risk Statement:
Extremely high volatility (beta ~4.6) and upcoming earnings/headlines can cause outsized gaps and reversals. This note is for technical reference only and not investment advice.
Data Source: Yahoo Finance & TradingView (daily chart, Oct 29, 2025). Prepared by Tiger Morning Brief | For internal use only.
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