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T Stamp Inc. (NASDAQ: IDAI) Jumped 18.33%, But Don’t Be Too Excited

T Stamp Inc. (NASDAQ:IDAI) shares, rose in value on Friday, 05/13/22, with the stock price up by 18.33% to the previous day’s close as strong demand from buyers drove the stock to $2.13.

Actively observing the price movement in the last trading, the stock closed the session at $1.80, falling within a range of $1.82 and $2.34. Referring to stock’s 52-week performance, its high was $13.50, and the low was $1.01. On the whole, IDAI has fluctuated by -14.46% over the past month.

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Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that IDAI’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of IDAI currently trading nearly -13.27% and -15.78% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.81, while the 7-day volatility ratio is showing 18.74% which for the 30-day chart, stands at 19.48%. Furthermore, T Stamp Inc. (IDAI)’s average true range (ATR) is 0.58.

Data on historical trading for T Stamp Inc. (NASDAQ:IDAI) indicates that the trading volumes over the past 10 days have averaged 0.51 million and over the past 3 months, they’ve averaged 990.82K. According to company’s latest data on outstanding shares, there are 23.70 million shares outstanding.

The stock has fallen by -46.75% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the IDAI stock heading into the next quarter.

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