Trio Petroleum Corp (AMEX:TPET) price is hovering higher on current market day and jumping 4.26% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $1.76, with intraday deals fluctuating between $1.76 and $2.03. Taking into account the 52-week price action we note that the stock hit a 52-week high of $14.39 and 52-week low of $0.79. The stock added 51.65% on its value in the past month.
Trio Petroleum Corp, which has a market valuation of $6.92 million, is expected to release its quarterly earnings report in March.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give TPET a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that TPET’s price is at present 0.59% off the SMA20 and 32.26% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 52.25, with weekly volatility standing at 13.26%. The indicator jumps to 24.93% when calculated based on the past 30 days. Trio Petroleum Corp (AMEX:TPET)’s beta value is holding at -7.74, while the average true range (ATR) indicator is currently reading 0.38.
An analysis of the Trio Petroleum Corp (AMEX:TPET) stock in terms of its daily trading volume indicates that the 3-month average is 5.79 million. However, this figure increases on the past 10-day timeline to an average of 6.04 million.
Current records show that the company has 3.20M in outstanding shares. The insiders’ percentage holdings are 15.41% of outstanding shares while the percentage share held by institutions stands at 0.57%. The stats also highlight that short interest as of 2024-12-31, stood at 0.29 million shares, which puts the short ratio at the time at 0.05. From this we can glean that short interest is 850.00 of company’s current outstanding shares. Notably, we see that shares short in December rose slightly given the previous month’s figure stood at 0.21 million. But the 51.65% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
