DJT Stock Eyes Golden Cross As Truth+ Expands Its Reach

Trump Media & Technology Group Corp DJT is drawing attention as its technical setup hints at a potential Golden Cross — a bullish signal that could spark investor excitement.

Yet, the road ahead for DJT stock isn't without twists, much like the unconventional journey of its parent company.

Golden Cross In Sight For DJT Stock?

Chart created using Benzinga Pro

DJT stock's 200-day simple moving average (SMA) sits at $33.49, while its 50-day SMA has climbed to $33.26. With DJT trading at $36.25, the 50-day SMA could soon overtake the 200-day SMA—a textbook golden cross. Historically, this signal often heralds a strong upward trend.

But not so fast—short-term indicators tell a more complex story. The stock's eight-day SMA of $36.41 almost coincides with the current price, implying near-term caution, while its moving average convergence/divergence (MACD) of 1.53 and relative strength index (RSI) of 55.87 suggest moderate bullish momentum.

Add in selling pressure, and you have a stock with mixed signals that might leave investors scratching their heads.

Read Also: Truth Social CEO Nunes to Head Trump’s Intelligence Advisory Board

Truth+ And The Trump Factor

Behind DJT's market intrigue lies its parent company, Trump Media & Technology Group, blend of media and politics. The company's streaming platform, Truth+, has expanded to include 18 channels offering conservative talk shows, live news, and weather programming.

With former political staffers turned hosts and a market cap of $7.6 billion, TMTG occupies a unique space where business meets politics.

President-elect Donald Trump, the majority shareholder, maintains no formal role at TMTG but benefits significantly from its success.

Balancing Opportunity And Risk

Investors eyeing DJT for its potential golden cross may also want to weigh the risks. The stock's recent 18.28% surge over the past month highlights strong momentum, but selling pressure could curb further gains.

In the end, DJT embodies the unpredictability of its namesake: bold, headline-grabbing, and anything but boring. Whether the golden cross materializes or fizzles, one thing's for sure—DJT stock is a story to watch.

Read Next:

• Trump’s DJT Connection Drives This Lesser-Known Crypto Stock’s Nearly 3X Surge In A Month

Image: Shutterstock