Why did the shares of $DWAC stock fall recently?

 


DWAC Stock Forecast: Will DWAC Volatility continue?

 

20th October, DWAC Stock Forecast: In the next trading session, DWAC is predicted to trade between $15.8 and $16.3.

The current Outlook remains Negative
1. Technical recommendation is Sell
2. Market Data is Negative
3. Crowd’s Wisdom is Neutral

Latest DWAC Stock Price

Metric Value Trend
Share Volume 1.17 M Lower

DWAC Stock Forecast: Performance Chart

Stock Name 5 Days 1 Month YTD
DWAC -5.3% -12.5% -68.5%
Phunware -6.9% -33.9% -61.7%
NASDAQ +5.42% -6.5% -32.5%

CrowdWisdom360 Insights

Why did the shares of $DWAC stock fall recently?

  • DWAC Stock’s optimism has finally stopped.
  • Shares of Digital World Acquisition Corp. (DWAC) started falling soon after the federal grand jury of New York summoned the company’s board members and asked for merger details with Trump’s tech and social-media platform.
  • Heft payment bills of $1.6 billion have been put on hold by DWAC’s merger partner Trump Media & Technology Group(TMTG), resulting in a decrease in the market price of DWAC.

DWAC Stock Forecast: Momentum Summary

Trend
Overall Negative
1. Market Data Negative
Volume Lower
Performance vs Benchmarks (Last 5 days) Lower
Technical Sell
2. Crowd’s Wisdom Negative
Google Search Volume Trend Lower
Crowd Sentiment Trend Lower

DWAC Stock Forecast: Technical Analysis

Source Support (S3) Resistance (R1) Recommendation
Investing $ 16.08 $ 16.20 Sell
Barchart $ 15.52 $ 16.55 Sell

DWACStock Forecast: Google Search data

Google Search volume for DWAC Stock is lower than yesterday.

Read Phunware Stock Forecast here

Read: DWAC Stock Forecast 2022

DWACStock Prediction: Latest DWAC Tweet

DWAC Market cap reaches $1.6 billion, meanwhile, Truth Social finally launches web browser

DWAC Stock: Crowd Sentiment

Period Last 7 Days Last 24 Hours Trend
Net Sentiment +38.1% +28.2% Lower

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

DWAC Stock Forecast

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Vineet Agarwal

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