DJT Stock Pumps On Trump ETF News, But 200-Day Average Says Wait A Minute

Trump Media & Technology Group Corp. (NASDAQ:DJT) is riding a wave of momentum straight off Wall Street's hot sheet, rallying over 25% in the past five days, thanks to a headline-grabbing partnership with Crypto.com and Yorkville America Digital. The stock was also trading higher by over 5.30% in pre-market trading on Wednesday.

The trio plans to launch a red, white and blockchain-blue suite of "America-First" ETFs – and investors are suddenly paying attention.

The deal, now finalized, positions the company owned by President Donald Trump, Truth.Fi brand to expand beyond memes and social media into FinTech territory, with ETFs backed by digital assets and traditional American industry plays. These aren't just future funds – they're part of a broader $250 million push, with assets to be custodied by Charles Schwab and globally distributed through Crypto.com's broker-dealer, Foris Capital.

But while the America-first narrative is fueling Make America Great Again (MAGA) or MAGA-money traders, the technicals are showing a more nuanced picture.

Read Also: As MAGA, YALL ETFs Gain Traction, Trump Media Unveils ‘Values-Based’ Investment Accounts

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Bullish In The Short Run

DJT's price action is undeniably bullish in the near term. The stock is trading above its five, 20 and 50-day exponential moving averages, indicating short-term strength and consistent buying pressure.

Its eight-day simple moving average sits at $21.31, well below DJT stock at $24.80, and that's mirrored across its 20-day ($19.93) and 50-day ($22.24) simple moving averages – classic bullish signals.

But MACD, Momentum Say: Not So Fast

Zoom out a bit, and cracks begin to show. The Moving Average Convergence Divergence (MACD) is sitting at 0.23, thanks to recent gains. Meanwhile, the 200-day simple moving average at $27.32, remains above DJT stock, suggesting the stock has not quite shaken off the ghosts of its broader downtrend.

The Relative Strength Index (RSI) reads 64.78, placing it just shy of the overbought zone – hot, but not overheated. Translation? There's still some room to run, but momentum may start sputtering unless more catalysts hit.

From Truth Social To Truth ETFs

The move into ETFs signals a significant strategic shift for Trump Media. CEO Devin Nunes says this is just the beginning of a fintech transformation for the company, with Truth.Fi also rolling out separately managed accounts (SMAs) alongside the ETF suite.

If executed well, this could be a pivot from political volatility to financial respectability – though for now, that's still speculative.

Read Next:

• What’s Going On With Trump Media & Technology Stock?

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