Trump Media Stock Climbs 104%: Bullish Technicals, Inauguration Rally Drive Volatility

Group 1 - DJT stock has surged 104% over the past year, aligning with President-elect Donald Trump's upcoming return to the White House [1] - The stock is currently trading at $34.50, above its five, 20, and 50-day exponential moving averages, indicating a bullish outlook [1] - Despite the bullish trend, selling pressure could indicate a risk of bearish movement ahead [2] Group 2 - A recent New York court ruling denied Trump's immunity plea in his felony case, leading to a slight dip in DJT stock [3] - The case involves a$130,000 hush money payment from the 2016 election cycle, with Trump already convicted of 34 felony counts for falsifying business records [3] - Despite legal challenges, Trump Media's stock remains resilient, supported by advertising revenue from its Truth Social platform and investor optimism regarding Trump's 2025 inauguration [4] Group 3 - DJT's performance appears to be closely tied to Trump's political fortunes, with technical indicators leaning bullish but facing potential headwinds [5] - The stock is trading above key moving averages, but ongoing legal and political developments add uncertainty to its trajectory [5] - Short-term bearish signals are indicated by the eight-day and 20-day simple moving averages, while the 50 and 200-day moving averages support the bullish case [7]