Trump Media & Technology Group Stock Struggles After Earnings Report
The Trump Media & Technology Group stock is at a precarious point after its earnings report. DJT opened at $10.03, dropped to $9.10, and closed at $9.39 on 6.37 million shares, marking a full-range rejection ahead of the announcement.
Despite an impressive 89% revenue surge, the company posted a significant quarterly loss of $238 million due to roughly $190 million in paper markdowns across crypto and equity holdings.
The daily chart for DJT shows a neutral and range-bound structure, with price sitting below both the 20-day and 200-day EMAs. However, it remains above the critical support level of the 50-day EMA at $9.18.
Momentum indicators are beginning to roll over, with the daily RSI at 49.64 and a negative MACD histogram confirming stalled upside momentum.