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 SayThe 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:
