Trump Media and Technology Group Corp. (NASDAQ:DJT) shares are tumbling Monday as traders reduce exposure ahead of the company’s second-quarter results arriving after today’s close. Here’s what you should know.

A Mixed First Quarter Sets the Stage for Today’s Report

Trump Media held $2.2 billion in total assets at the end of March, with roughly $2.1 billion of that sitting in financial assets spanning cash, restricted cash, short-term investments, equity securities, a note receivable and accrued interest, digital assets and pledged digital assets. That financial asset base was nearly three times the $759 million the company held in the same period a year earlier.

Operating cash flow came in at $17.9 million, the fourth straight quarter the company generated positive cash from operations, a streak management highlighted as evidence of financial discipline.

The other side of the ledger was harder to dismiss. A net loss of $405.9 million and an adjusted EBITDA loss of $387.8 million dominated the headline numbers, though the company was quick to note that the overwhelming majority of those figures consisted of non-cash charges. Revenue for the quarter totaled $0.9 million as the company said it remains focused on building out its audience and infrastructure before activating monetized features.

Platform Buildout Continues Ahead of Merger

Interim CEO Kevin McGurn said the company is deploying its balance sheet and cash generation to accelerate growth across its platforms while simultaneously working to complete the proposed combination with TAE Technologies.

Truth Social is developing or testing several features that have not yet launched publicly, among them discussion and sharing tools for prediction contracts built in cooperation with Crypto.com Derivatives North America.

Additionally, Truth+, the company’s streaming service, expanded its live television lineup with the addition of Nothing But Sportz, Retro and In Touch, brought in international programming from Israel, the Azores and Portugal.

DJT Versus the Chart: Overhead Supply Still Runs the Room

Technically, the stock is still working against a weak longer‑term backdrop. DJT trades 5.4% below its 20‑day SMA at $9.66 and 14.2% below its 200‑day SMA at $10.65, which keeps the broader trend tilted bearish even with recent signs of stabilization.

At the same time, the stock sits 3.7% above the 50‑day SMA at $8.82 and 2.2% above the 100‑day SMA at $8.95, creating a short‑term tug‑of‑war. The question is whether buyers can keep defending the mid‑$8 area on dips or whether the market forces another move lower to find firmer demand.

Momentum remains neutral. RSI at 47.08 suggests the selloff is not washed out enough to make a bounce feel inevitable. The moving‑average structure reinforces that mixed tone. The 20‑day SMA is above the 50‑day SMA, which is a short‑term bullish crossover, but the 50‑day SMA is still below the 200‑day SMA, which keeps the longer‑term bias pointed lower. This blend often produces choppy action where short‑term pops appear but run into sellers as price approaches longer‑term resistance.

  • Resistance: $10.00 — a round‑number ceiling near the short‑to‑intermediate moving‑average cluster where rebounds often stall
  • Support: $8.50 — a nearby floor close to the 50‑day and 100‑day zone where buyers have clearer technical incentive to defend

DJT Shares Are Sliding

DJT Price Action: Trump Media shares were down 10.28% at $9.16 at the time of publication on Monday, according to Benzinga Pro.

Read Also: Oil Jumps 3%, Yields Climb as Hormuz Hopes Fade: Stock Market Today

Image: Piotr Swat/Shutterstock