Trump Suggests Musk May Donate SpaceX Shares to Investment Program
- Stock Surge: SpaceX shares rose 3% to $162 after President Trump suggested that Elon Musk might donate SpaceX stock to the Trump Accounts program, reflecting positive market sentiment and boosting investor confidence.
- Nasdaq-100 Inclusion Anticipation: SpaceX is expected to be included in the Nasdaq-100 on July 7, with JPMorgan estimating this could trigger approximately $4.3 billion in passive buying, further driving up the stock price and attracting institutional interest.
- Continued Institutional Investment: ARK Invest purchased 210,121 and 45,728 shares of SpaceX on June 22 and 26, respectively, totaling around $32.5 million, indicating sustained institutional interest despite potential pressures from rising interest rates.
- Market Dynamics: While Citadel Securities warned that higher interest rates could pressure high-growth stocks, SpaceX maintained strong trading performance as investors balanced Trump's comments with upcoming index-driven demand.
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Technical Analysis for TRUMP
Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP). As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TRUMP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, TRUMP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
OFFICIAL TRUMP (TRUMP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.316 | 1.438 | 1.566 | 1.688 | 1.816 | 1.938 | 2.066 |
| Fibonacci | 1.438 | 1.534 | 1.593 | 1.688 | 1.784 | 1.843 | 1.938 |
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