TortoiseEcofin Acquisition Corp III (NYSE:TRTL) shares, rose in value on Friday, April 26, with the stock price up by 0.19% to the previous day’s close as strong demand from buyers drove the stock to $10.82.
Actively observing the price movement in the recent trading, the stock is buoying the session at $10.80. The PE ratio was 33.33 over 12-month period. Referring to stock’s 52-week performance, its high was $11.21, and the low was $10.24. On the whole, TRTL has fluctuated by 0.46% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TRTL’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of TRTL currently trading nearly 0.37% and 0.61% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.27, while the 7-day volatility ratio is showing 0.24% which for the 30-day chart, stands at 0.19%. Furthermore, TortoiseEcofin Acquisition Corp III (TRTL)’s beta value is 0.02, and its average true range (ATR) is 0.04.
A comparison of TortoiseEcofin Acquisition Corp III (TRTL) with its peers suggests the former has fared considerably weaker in the market. TRTL showed an intraday change of 0.19% in today’s session so far, and over the past year, it grew by 6.60%%.
Data on historical trading for TortoiseEcofin Acquisition Corp III (NYSE:TRTL) indicates that the trading volumes over the past 3 months, they’ve averaged 139.99K. According to company’s latest data on outstanding shares, there are 17.26 million shares outstanding.
Nearly 38.29% of TortoiseEcofin Acquisition Corp III’s shares belong to company insiders and institutional investors own 64.90% of the company’s shares. The stock has risen by 1.88% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TRTL stock heading into the next quarter.
