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Understanding the Risks of Investing in T Stamp Inc (IDAI)

T Stamp Inc’s recently made public that its 10% Owner DQI Holdings Inc. acquired Company’s shares for reported $0.3 million on Oct 28 ’24. In the deal valued at $0.22 per share,1,363,636 shares were bought. As a result of this transaction, DQI Holdings Inc. now holds 5,961,337 shares worth roughly $1.13 million.

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Price Performance Review of IDAI

On Monday, T Stamp Inc [NASDAQ:IDAI] saw its stock jump 1.00% to $0.19. Over the last five days, the stock has gained 4.20%. T Stamp Inc shares have fallen nearly -86.06% since the year began. Nevertheless, the stocks have fallen -86.83% over the past one year. While a 52-week high of $2.50 was reached on 02/16/24, a 52-week low of $0.16 was recorded on 11/07/24. SMA at 50 days reached $0.2140, while 200 days put it at $0.6020.

Levels Of Support And Resistance For IDAI Stock

The 24-hour chart illustrates a support level at 0.1823, which if violated will result in even more drops to 0.1737. On the upside, there is a resistance level at 0.1983. A further resistance level may holdings at 0.2057. The Relative Strength Index (RSI) on the 14-day chart is 44.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0057, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.66%. Stochastics %K at 23.65% indicates the stock is a holding.

How much short interest is there in T Stamp Inc?

A steep rise in short interest was recorded in T Stamp Inc stocks on 2024-10-31, growing by 21862.0 shares to a total of 32364.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 10502.0 shares. There was a rise of 67.55%, which implies that there is a positive sentiment for the stock.

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