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TortoiseEcofin Acquisition III Corp
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PenkeI guess you are interested in TortoiseEcofin Acquisition III Corp. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of TortoiseEcofin Acquisition III Corp. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of TortoiseEcofin Acquisition III Corp (30 sec.)










What can you expect buying and holding a share of TortoiseEcofin Acquisition III Corp? (30 sec.)

How much money do you get?

How much money do you get?
$0.00
When do you have the money?
1 year
How often do you get paid?
5.6%

What is your share worth?

Current worth
$8.10
Expected worth in 1 year
$8.49
How sure are you?
55.6%

+ What do you gain per year?

Total Gains per Share
$0.39
Return On Investment
3.6%

For what price can you sell your share?

Current Price per Share
$10.77
Expected price per share
$10.73 - $11.21
How sure are you?
50%

1. Valuation of TortoiseEcofin Acquisition III Corp (5 min.)




Live pricePrice per Share (EOD)

$10.77

Intrinsic Value Per Share

$-0.25 - $-0.28

Total Value Per Share

$7.85 - $7.82

2. Growth of TortoiseEcofin Acquisition III Corp (5 min.)




Is TortoiseEcofin Acquisition III Corp growing?

Current yearPrevious yearGrowGrow %
How rich?$349.3m$327.3m$14.6m4.3%

How much money is TortoiseEcofin Acquisition III Corp making?

Current yearPrevious yearGrowGrow %
Making money$7.5m$8.6m-$1m-14.6%
Net Profit Margin0.0%0.0%--

How much money comes from the company's main activities?

3. Financial Health of TortoiseEcofin Acquisition III Corp (5 min.)




4. Comparing to competitors in the Shell Companies industry (5 min.)




  Industry Rankings (Shell Companies)  


Richest
#6 / 220

Most Revenue
#155 / 220

Most Profit
#5 / 220

Most Efficient
#174 / 220

What can you expect buying and holding a share of TortoiseEcofin Acquisition III Corp? (5 min.)

Welcome investor! TortoiseEcofin Acquisition III Corp's management wants to use your money to grow the business. In return you get a share of TortoiseEcofin Acquisition III Corp.

What can you expect buying and holding a share of TortoiseEcofin Acquisition III Corp?

First you should know what it really means to hold a share of TortoiseEcofin Acquisition III Corp. And how you can make/lose money.

Speculation

The Price per Share of TortoiseEcofin Acquisition III Corp is $10.77. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of TortoiseEcofin Acquisition III Corp.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in TortoiseEcofin Acquisition III Corp, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $8.10. Based on the TTM, the Book Value Change Per Share is $0.10 per quarter. Based on the YOY, the Book Value Change Per Share is $-0.33 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of TortoiseEcofin Acquisition III Corp.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps0.020.2%0.080.7%0.101.0%0.080.7%0.050.5%
Usd Book Value Change Per Share0.131.2%0.100.9%-0.33-3.1%0.716.6%0.454.2%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.131.2%0.100.9%-0.33-3.1%0.716.6%0.454.2%
Usd Price Per Share10.48-10.26-9.72-8.15-4.98-
Price to Earnings Ratio135.59-53.26-26.38-30.72-18.77-
Price-to-Total Gains Ratio82.80-48.70-88.94-61.29-61.29-
Price to Book Ratio1.29-1.23-1.22-0.99-0.60-
Price-to-Total Gains Ratio82.80-48.70-88.94-61.29-61.29-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share10.77
Number of shares92
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.100.71
Usd Total Gains Per Share0.100.71
Gains per Quarter (92 shares)8.9965.33
Gains per Year (92 shares)35.94261.30
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1036260261251
2072620523512
30108980784773
40144134010451034
50180170013071295
60216206015681556
70252242018291817
80288278020902078
90323314023522339
100359350026132600

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%9.02.00.081.8%9.02.00.081.8%10.08.00.055.6%10.08.00.055.6%
Book Value Change Per Share3.01.00.075.0%7.04.00.063.6%7.04.00.063.6%10.05.03.055.6%10.05.03.055.6%
Dividend per Share0.00.04.00.0%0.00.011.00.0%0.00.011.00.0%1.00.017.05.6%1.00.017.05.6%
Total Gains per Share3.01.00.075.0%7.04.00.063.6%7.04.00.063.6%10.05.03.055.6%10.05.03.055.6%

Fundamentals of TortoiseEcofin Acquisition III Corp

About TortoiseEcofin Acquisition III Corp

TortoiseEcofin Acquisition Corp. III does not have significant operations. It intends to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in Overland Park, Kansas.

Fundamental data was last updated by Penke on 2024-03-19 04:59:05.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of TortoiseEcofin Acquisition III Corp.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit TortoiseEcofin Acquisition III Corp earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare TortoiseEcofin Acquisition III Corp to the Shell Companies industry mean.
  • A Net Profit Margin of 0.0% means that $0.00 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of TortoiseEcofin Acquisition III Corp:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y-0.0%
5Y-10Y-46.9%+46.9%
Compared to industry (Shell Companies)
PeriodCompanyIndustry (mean)+/- 
MRQ--86.2%+86.2%
TTM--13.2%+13.2%
YOY--68.1%+68.1%
5Y--26.8%+26.8%
10Y-46.9%-29.1%-17.8%
1.1.2. Return on Assets

Shows how efficient TortoiseEcofin Acquisition III Corp is using its assets to generate profit.

  • Above 5% is considered healthy but always compare TortoiseEcofin Acquisition III Corp to the Shell Companies industry mean.
  • 0.2% Return on Assets means that TortoiseEcofin Acquisition III Corp generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of TortoiseEcofin Acquisition III Corp:

  • The MRQ is 0.2%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 2.1%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ0.2%TTM2.1%-1.9%
TTM2.1%YOY2.5%-0.4%
TTM2.1%5Y0.4%+1.7%
5Y0.4%10Y52.5%-52.1%
Compared to industry (Shell Companies)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2%0.1%+0.1%
TTM2.1%0.3%+1.8%
YOY2.5%0.2%+2.3%
5Y0.4%-0.5%+0.9%
10Y52.5%-0.5%+53.0%
1.1.3. Return on Equity

Shows how efficient TortoiseEcofin Acquisition III Corp is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare TortoiseEcofin Acquisition III Corp to the Shell Companies industry mean.
  • 0.2% Return on Equity means TortoiseEcofin Acquisition III Corp generated $0.00 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of TortoiseEcofin Acquisition III Corp:

  • The MRQ is 0.2%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 2.2%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.2%TTM2.2%-2.0%
TTM2.2%YOY2.6%-0.4%
TTM2.2%5Y1.9%+0.3%
5Y1.9%10Y681.4%-679.5%
Compared to industry (Shell Companies)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2%0.7%-0.5%
TTM2.2%0.6%+1.6%
YOY2.6%0.5%+2.1%
5Y1.9%-0.8%+2.7%
10Y681.4%-0.7%+682.1%

1.2. Operating Efficiency of TortoiseEcofin Acquisition III Corp.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient TortoiseEcofin Acquisition III Corp is operating .

  • Measures how much profit TortoiseEcofin Acquisition III Corp makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare TortoiseEcofin Acquisition III Corp to the Shell Companies industry mean.
  • An Operating Margin of 0.0% means the company generated $0.00  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of TortoiseEcofin Acquisition III Corp:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y-0.0%
5Y-10Y-104,166.6%+104,166.6%
Compared to industry (Shell Companies)
PeriodCompanyIndustry (mean)+/- 
MRQ--103.5%+103.5%
TTM--23.0%+23.0%
YOY--200.3%+200.3%
5Y--33.1%+33.1%
10Y-104,166.6%-44.8%-104,121.8%
1.2.2. Operating Ratio

Measures how efficient TortoiseEcofin Acquisition III Corp is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Shell Companies industry mean).
  • An Operation Ratio of 0.00 means that the operating costs are $0.00 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of TortoiseEcofin Acquisition III Corp:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY-0.000
TTM-5Y-0.000
5Y-10Y0.667-0.667
Compared to industry (Shell Companies)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.873-1.873
TTM-1.116-1.116
YOY-2.140-2.140
5Y-0.666-0.666
10Y0.6670.926-0.259

1.3. Liquidity of TortoiseEcofin Acquisition III Corp.

1.3. Liquidity
1.3.1. Current Ratio

Measures if TortoiseEcofin Acquisition III Corp is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Shell Companies industry mean).
  • A Current Ratio of 0.15 means the company has $0.15 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of TortoiseEcofin Acquisition III Corp:

  • The MRQ is 0.148. The company is unable to pay all its short-term debts. -2
  • The TTM is 1.412. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ0.148TTM1.412-1.265
TTM1.412YOY6.835-5.423
TTM1.4125Y4.900-3.488
5Y4.90010Y10.597-5.696
Compared to industry (Shell Companies)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1480.062+0.086
TTM1.4120.255+1.157
YOY6.8352.373+4.462
5Y4.9001.963+2.937
10Y10.5971.832+8.765
1.3.2. Quick Ratio

Measures if TortoiseEcofin Acquisition III Corp is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare TortoiseEcofin Acquisition III Corp to the Shell Companies industry mean.
  • A Quick Ratio of 258.33 means the company can pay off $258.33 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of TortoiseEcofin Acquisition III Corp:

  • The MRQ is 258.333. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 1,157.052. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ258.333TTM1,157.052-898.720
TTM1,157.052YOY2.981+1,154.071
TTM1,157.0525Y422.764+734.288
5Y422.76410Y244,237.693-243,814.928
Compared to industry (Shell Companies)
PeriodCompanyIndustry (mean)+/- 
MRQ258.3330.179+258.154
TTM1,157.0520.715+1,156.337
YOY2.9812.991-0.010
5Y422.7643.956+418.808
10Y244,237.6934.007+244,233.686

1.4. Solvency of TortoiseEcofin Acquisition III Corp.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of TortoiseEcofin Acquisition III Corp assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare TortoiseEcofin Acquisition III Corp to Shell Companies industry mean.
  • A Debt to Asset Ratio of 0.03 means that TortoiseEcofin Acquisition III Corp assets are financed with 3.4% credit (debt) and the remaining percentage (100% - 3.4%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of TortoiseEcofin Acquisition III Corp:

  • The MRQ is 0.034. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.039. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.034TTM0.039-0.005
TTM0.039YOY0.058-0.018
TTM0.0395Y0.232-0.193
5Y0.23210Y0.519-0.287
Compared to industry (Shell Companies)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0340.283-0.249
TTM0.0390.199-0.160
YOY0.0580.065-0.007
5Y0.2320.310-0.078
10Y0.5190.314+0.205
1.4.2. Debt to Equity Ratio

Measures if TortoiseEcofin Acquisition III Corp is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare TortoiseEcofin Acquisition III Corp to the Shell Companies industry mean.
  • A Debt to Equity ratio of 3.5% means that company has $0.04 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of TortoiseEcofin Acquisition III Corp:

  • The MRQ is 0.035. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.041. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.035TTM0.041-0.006
TTM0.041YOY0.061-0.020
TTM0.0415Y0.046-0.005
5Y0.04610Y14.605-14.559
Compared to industry (Shell Companies)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0350.242-0.207
TTM0.0410.201-0.160
YOY0.0610.054+0.007
5Y0.0460.965-0.919
10Y14.6050.976+13.629

2. Market Valuation of TortoiseEcofin Acquisition III Corp

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings TortoiseEcofin Acquisition III Corp generates.

  • Above 15 is considered overpriced but always compare TortoiseEcofin Acquisition III Corp to the Shell Companies industry mean.
  • A PE ratio of 135.59 means the investor is paying $135.59 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of TortoiseEcofin Acquisition III Corp:

  • The EOD is 139.338. Based on the earnings, the company is expensive. -2
  • The MRQ is 135.586. Based on the earnings, the company is expensive. -2
  • The TTM is 53.259. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD139.338MRQ135.586+3.752
MRQ135.586TTM53.259+82.327
TTM53.259YOY26.385+26.874
TTM53.2595Y30.721+22.538
5Y30.72110Y18.774+11.947
Compared to industry (Shell Companies)
PeriodCompanyIndustry (mean)+/- 
EOD139.338-0.027+139.365
MRQ135.586-0.870+136.456
TTM53.2595.382+47.877
YOY26.385-3.983+30.368
5Y30.721-4.479+35.200
10Y18.774-4.416+23.190
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of TortoiseEcofin Acquisition III Corp:

  • The EOD is -288.131. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -280.372. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -452.496. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-288.131MRQ-280.372-7.758
MRQ-280.372TTM-452.496+172.124
TTM-452.496YOY-11,606.671+11,154.175
TTM-452.4965Y-4,382.838+3,930.342
5Y-4,382.83810Y-2,678.401-1,704.437
Compared to industry (Shell Companies)
PeriodCompanyIndustry (mean)+/- 
EOD-288.131-76.743-211.388
MRQ-280.372-77.828-202.544
TTM-452.496-150.309-302.187
YOY-11,606.671-292.021-11,314.650
5Y-4,382.838-212.676-4,170.162
10Y-2,678.401-211.728-2,466.673
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of TortoiseEcofin Acquisition III Corp is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Shell Companies industry mean).
  • A PB ratio of 1.29 means the investor is paying $1.29 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of TortoiseEcofin Acquisition III Corp:

  • The EOD is 1.330. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.294. Based on the equity, the company is underpriced. +1
  • The TTM is 1.229. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.330MRQ1.294+0.036
MRQ1.294TTM1.229+0.065
TTM1.229YOY1.220+0.009
TTM1.2295Y0.988+0.241
5Y0.98810Y0.604+0.384
Compared to industry (Shell Companies)
PeriodCompanyIndustry (mean)+/- 
EOD1.3302.301-0.971
MRQ1.2942.292-0.998
TTM1.2292.067-0.838
YOY1.2201.242-0.022
5Y0.9881.458-0.470
10Y0.6041.497-0.893
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of TortoiseEcofin Acquisition III Corp.

3.1. Institutions holding TortoiseEcofin Acquisition III Corp

Institutions are holding 105.04% of the shares of TortoiseEcofin Acquisition III Corp.

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2023-09-30D. E. Shaw & Co LP11.47170.0325297000000
2023-12-31First Trust Capital Management L.P.6.54611.37981694767-1294764-43.3099
2023-12-31Westchester Capital Management LLC6.1810.59481600231-130697-7.5507
2023-12-31Atlas Merchant Capital LLC4.49813.3685116454200
2023-12-31Picton Mahoney Asset Management4.27290.31871106251-112849-9.2567
2023-12-31Meteora Capital, LLC3.88671.8908100625010062500
2023-12-31Aristeia Capital, LLC3.86250.1881000000-2246575-69.1983
2023-12-31Mizuho Securities USA Inc3.47120.2238986748986740
2023-12-31Berkley W R Corp3.30860.657856597333444.0503
2023-12-31COWEN AND COMPANY, LLC2.66980.4815691215-783290-53.1222
2023-12-31KIM, LLC2.51070.70546500006000001200
2023-12-31Radcliffe Group Inc2.3820.87726167002000.0324
2023-12-31Nomura Holdings Inc2.3170.0173599866-519563-46.4132
2023-12-31P Schoenfeld Asset Mgmt LP(NY)2.13361.3708552375-1000000-64.4174
2023-12-31Verition Fund Managegment, LLC1.93130.0416500000-192391-27.7865
2023-12-31Calamos Advisors LLC1.93130.025850000000
2023-12-31Flow State Investments LP1.89651.638491006-104-0.0212
2023-12-31Kepos Capital LP1.5451.377140000000
2023-12-31Periscope Capital Inc.1.35190.627350000128043.7972
2023-12-31Cohanzick Management LLC1.25532.11783250003799313.2377
Total 69.423217.932617973474-3690968-20.5%

3.2. Funds holding TortoiseEcofin Acquisition III Corp

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2023-12-31First Trust Merger Arbitrage Cl I6.27981.04421625830-1315829-44.7308
2023-12-31The Merger Fund A5.26560.5362136324300
2023-12-31Picton Mahoney Fortified Arbtrg Pl Alt F2.90441.3292751951603951408.075
2023-12-31Calamos Market Neutral Income A1.93130.038550000000
2024-02-29CrossingBridge Pre-Merger SPAC ETF1.25534.982432500000
2023-12-31Virtus Westchester Event-Driven Fd I0.62080.377616071400
2023-09-30Picton Mahoney Fortified Arbtrg Alt Fd F0.41020.911810620000
2024-01-31Westwood Salient MLP & Engy Infras Inst0.405010485000
2024-02-29SPAC and New Issue ETF0.25895.68136703300
2023-12-31First Trust Multi-Strategy Cl I0.20750.2616537092629295.8967
2024-01-31Principal Global Multi-Strategy Instl0.10740.07372780700
2024-02-29Accelerate Arbitrage ETF0.09881.03272557000
2023-12-31Picton Mahoney Arbitrage Fund F0.07530.75651950016000457.1429
2023-12-31Virtus Westchester Credit Event Fd I0.07290.27011886800
2023-12-31The Merger Fund VL I0.05990.52351549800
2023-12-31Karpus Conservative Balanced0.02950.00727629300064.8088
2023-12-31Karpus Tax Sensitive Fixed Income0.0270.0085700000
2023-12-31Karpus Taxable Fixed Income0.00240.00162900
Total 20.01217.8365181031-666586-12.9%

4. Summary

4.1. Key Performance Indicators

The key performance indicators of TortoiseEcofin Acquisition III Corp compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.1270.098+30%-0.332+362%0.710-82%0.450-72%
Book Value Per Share--8.1008.416-4%8.021+1%6.799+19%4.251+91%
Current Ratio--0.1481.412-90%6.835-98%4.900-97%10.597-99%
Debt To Asset Ratio--0.0340.039-14%0.058-41%0.232-85%0.519-93%
Debt To Equity Ratio--0.0350.041-14%0.061-43%0.046-24%14.605-100%
Dividend Per Share----0%-0%-0%0.000-100%
Eps--0.0190.080-76%0.105-82%0.078-75%0.055-65%
Free Cash Flow Per Share---0.009-0.006-32%-0.005-47%-0.008-13%-0.006-41%
Free Cash Flow To Equity Per Share---0.001-0.002+311%-0.001+155%3.465-100%3.170-100%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---0.282--------
Intrinsic Value_10Y_min---0.246--------
Intrinsic Value_1Y_max---0.032--------
Intrinsic Value_1Y_min---0.031--------
Intrinsic Value_3Y_max---0.093--------
Intrinsic Value_3Y_min---0.089--------
Intrinsic Value_5Y_max---0.151--------
Intrinsic Value_5Y_min---0.140--------
Market Cap185940819.000-143%451950000.000420898921.875+7%399613166.288+13%329236461.105+37%201200059.564+125%
Net Profit Margin----0%-0%-0%-0.4690%
Operating Margin----0%-0%-0%-1041.6660%
Operating Ratio----0%-0%-0%0.667-100%
Pb Ratio1.330+3%1.2941.229+5%1.220+6%0.988+31%0.604+114%
Pe Ratio139.338+3%135.58653.259+155%26.385+414%30.721+341%18.774+622%
Price Per Share10.770+3%10.48010.257+2%9.723+8%8.147+29%4.979+110%
Price To Free Cash Flow Ratio-288.131-3%-280.372-452.496+61%-11606.671+4040%-4382.838+1463%-2678.401+855%
Price To Total Gains Ratio85.096+3%82.80448.696+70%88.937-7%61.290+35%61.290+35%
Quick Ratio--258.3331157.052-78%2.981+8566%422.764-39%244237.693-100%
Return On Assets--0.0020.021-89%0.025-91%0.004-43%0.525-100%
Return On Equity--0.0020.022-89%0.026-91%0.019-87%6.814-100%
Total Gains Per Share--0.1270.098+30%-0.332+362%0.710-82%0.450-72%
Usd Book Value--349324902.000342015905.000+2%327319235.000+7%272152596.364+28%167983512.833+108%
Usd Book Value Change Per Share--0.1270.098+30%-0.332+362%0.710-82%0.450-72%
Usd Book Value Per Share--8.1008.416-4%8.021+1%6.799+19%4.251+91%
Usd Dividend Per Share----0%-0%-0%0.000-100%
Usd Eps--0.0190.080-76%0.105-82%0.078-75%0.055-65%
Usd Free Cash Flow---402991.000-257709.500-36%-211971.043-47%-180624.015-55%-120100.898-70%
Usd Free Cash Flow Per Share---0.009-0.006-32%-0.005-47%-0.008-13%-0.006-41%
Usd Free Cash Flow To Equity Per Share---0.001-0.002+311%-0.001+155%3.465-100%3.170-100%
Usd Market Cap185940819.000-143%451950000.000420898921.875+7%399613166.288+13%329236461.105+37%201200059.564+125%
Usd Price Per Share10.770+3%10.48010.257+2%9.723+8%8.147+29%4.979+110%
Usd Profit--833328.0007526230.750-89%8625288.500-90%6267347.727-87%3947133.278-79%
Usd Revenue----0%-0%-0%36150.778-100%
Usd Total Gains Per Share--0.1270.098+30%-0.332+362%0.710-82%0.450-72%
 EOD+3 -5MRQTTM+13 -16YOY+15 -145Y+9 -2010Y+10 -23

4.2. Fundamental Score

Let's check the fundamental score of TortoiseEcofin Acquisition III Corp based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15139.338
Price to Book Ratio (EOD)Between0-11.330
Net Profit Margin (MRQ)Greater than00.000
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than1258.333
Current Ratio (MRQ)Greater than10.148
Debt to Asset Ratio (MRQ)Less than10.034
Debt to Equity Ratio (MRQ)Less than10.035
Return on Equity (MRQ)Greater than0.150.002
Return on Assets (MRQ)Greater than0.050.002
Total3/10 (30.0%)

4.3. Technical Score

Let's check the technical score of TortoiseEcofin Acquisition III Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5059.059
Ma 20Greater thanMa 5010.755
Ma 50Greater thanMa 10010.721
Ma 100Greater thanMa 20010.659
OpenGreater thanClose10.770
Total4/5 (80.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2022-09-302022-12-312023-03-312023-06-302023-09-30
EBITDA  -2,2791,863-416-1,499-1,915385-1,5291,990461
Depreciation and Amortization  -1,867-11,767-13,63412,079-1,556717-8392,5611,722
Total Other Income Expense Net 3,424-5062,9192,3515,269-4,431839-2,561-1,722



Latest Balance Sheet

Balance Sheet of 2023-09-30. Currency in USD. All numbers in thousands.

Summary
Total Assets361,556
Total Liabilities12,231
Total Stockholder Equity349,325
 As reported
Total Liabilities 12,231
Total Stockholder Equity+ 349,325
Total Assets = 361,556

Assets

Total Assets361,556
Total Current Assets206
Long-term Assets361,349
Total Current Assets
Cash And Cash Equivalents 13
Short-term Investments 361,349
Total Current Assets  (as reported)206
Total Current Assets  (calculated)361,362
+/- 361,156
Long-term Assets
Other Assets 361,349
Long-term Assets  (as reported)361,349
Long-term Assets  (calculated)361,349
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities1,399
Long-term Liabilities10,832
Total Stockholder Equity349,325
Total Current Liabilities
Accounts payable 834
Other Current Liabilities 564
Total Current Liabilities  (as reported)1,399
Total Current Liabilities  (calculated)1,399
+/-0
Long-term Liabilities
Long-term Liabilities  (as reported)10,832
Long-term Liabilities  (calculated)0
+/- 10,832
Total Stockholder Equity
Common Stock361,250
Retained Earnings -11,925
Total Stockholder Equity (as reported)349,325
Total Stockholder Equity (calculated)349,325
+/-0
Other
Capital Stock361,250
Cash and Short Term Investments 13
Common Stock Shares Outstanding 43,125
Liabilities and Stockholders Equity 361,556
Net Debt 702
Net Invested Capital 350,040
Net Tangible Assets -11,924
Net Working Capital -1,192
Short Long Term Debt Total 715



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-30
> Total Assets 
321
213,931
213,828
213,779
213,510
213,418
213,299
135
280
492
347,707
347,354
346,872
346,921
348,033
350,492
354,018
357,743
361,556
361,556357,743354,018350,492348,033346,921346,872347,354347,707492280135213,299213,418213,510213,779213,828213,931321
   > Total Current Assets 
94
1,181
1,071
974
760
668
548
15
0
0
2,707
2,354
1,823
1,405
961
501
313
211
206
2062113135019611,4051,8232,3542,70700155486687609741,0711,18194
       Cash And Cash Equivalents 
94
1,084
1,005
912
735
579
496
0
0
0
1,329
1,175
764
566
329
79
23
36
13
133623793295667641,1751,3290004965797359121,0051,08494
       Short-term Investments 
0
0
212,757,574
0
0
0
212,751,267
0
0
0
0
0
0
0
0
349,991
353,705
0
361,349
361,3490353,705349,99100000000212,751,267000212,757,57400
       Other Current Assets 
0
97
-212,757,508
63
25
89
-212,751,215
0
0
0
1,377
1,180
1,059
839
632
422
291
175
193
1931752914226328391,0591,1801,377000-212,751,215892563-212,757,508970
   > Long-term Assets 
227
212,750
212,758
212,804
212,750
212,750
212,751
120
280
492
345,000
345,000
345,049
345,515
347,073
349,991
353,705
357,532
361,349
361,349357,532353,705349,991347,073345,515345,049345,000345,000492280120212,751212,750212,750212,804212,758212,750227
       Long-term Assets Other 
227
212,750
212,610
212,804
212,509
212,446
212,385
0
280
492
345,000
345,000
345,049
345,515
347,073
349,991
353,705
357,532
361,349
361,349357,532353,705349,991347,073345,515345,049345,000345,0004922800212,385212,446212,509212,804212,610212,750227
> Total Liabilities 
296
208,931
208,828
208,779
208,510
208,418
208,299
120
287
518
31,336
26,594
20,299
17,455
15,556
15,511
14,127
13,877
12,231
12,23113,87714,12715,51115,55617,45520,29926,59431,336518287120208,299208,418208,510208,779208,828208,931296
   > Total Current Liabilities 
229
10
186
251
104
166
202
120
287
383
129
210
295
252
219
151
172
576
1,399
1,39957617215121925229521012938328712020216610425118610229
       Short-term Debt 
200
0
1
7
1
5
0
0
118
186
0
0
0
0
0
0
0
0
0
0000000001861180051710200
       Short Long Term Debt 
0
0
0
0
0
0
0
0
118
186
0
0
0
0
0
0
0
0
0
00000000018611800000000
       Accounts payable 
29
0
6
19
13
25
22
0
0
0
31
94
295
211
105
30
38
421
834
83442138301052112959431000222513196029
       Other Current Liabilities 
0
10
180
225
90
135
180
0
169
197
99
117
0
40
114
121
134
154
564
56415413412111440011799197169018013590225180100
   > Long-term Liabilities 
0
1,312
5,543
19,250
241
304
21,500
0
0
135
31,206
26,383
20,004
17,204
15,337
15,360
13,955
13,301
10,832
10,83213,30113,95515,36015,33717,20420,00426,38331,2061350021,50030424119,2505,5431,3120
       Other Liabilities 
0
0
0
0
0
0
0
0
0
135
376,206
371,383
365,004
362,619
362,309
0
0
370,398
371,366
371,366370,39800362,309362,619365,004371,383376,206135000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
280
492
0
0
0
0
0
0
0
0
0
00000000049228000000000
> Total Stockholder Equity
25
5,000
5,000
5,000
5,000
5,000
5,000
15
-7
-26
316,371
320,761
326,573
329,466
332,478
334,981
339,891
343,867
349,325
349,325343,867339,891334,981332,478329,466326,573320,761316,371-26-7155,0005,0005,0005,0005,0005,00025
   Common Stock
532
532
532
532
532
532
532
0
1
1
345,001
345,001
345,001
345,416
346,973
349,892
353,606
357,433
361,250
361,250357,433353,606349,892346,973345,416345,001345,001345,001110532532532532532532532
   Retained Earnings Total Equity0000000000000000000
   Accumulated Other Comprehensive Income 0000000000000000000
   Capital Surplus 0000000000000000000
   Treasury Stock0000000000000000000
   Other Stockholders Equity 
-507
4,468
4,098
3,983
5,074
5,228
5,383
0
24
24
0
1
1
1
-346,973
-349,891
0
-715,176
-722,805
-722,805-715,1760-349,891-346,9731110242405,3835,2285,0743,9834,0984,468-507



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue0
Cost of Revenue--
Gross Profit-0
 
Operating Income (+$)
Gross Profit-
Operating Expense-2,726
Operating Income-2,726-2,726
 
Operating Expense (+$)
Research Development-
Selling General Administrative2,726
Selling And Marketing Expenses-
Operating Expense2,7262,726
 
Net Interest Income (+$)
Interest Income14,277
Interest Expense--
Other Finance Cost-0
Net Interest Income14,277
 
Pretax Income (+$)
Operating Income-2,726
Net Interest Income14,277
Other Non-Operating Income Expenses-
Income Before Tax (EBT)12,222-3,398
EBIT - interestExpense = 0
12,222
12,222
Interest Expense-
Earnings Before Interest and Taxes (EBIT)-12,222
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax12,222
Tax Provision--
Net Income From Continuing Ops12,22212,222
Net Income12,222
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net672-14,277
 

Technical Analysis of TortoiseEcofin Acquisition III Corp
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of TortoiseEcofin Acquisition III Corp. The general trend of TortoiseEcofin Acquisition III Corp is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine TortoiseEcofin Acquisition III Corp's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (100.0%) Bearish trend (-100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of TortoiseEcofin Acquisition III Corp.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 10.80 < 10.80 < 11.21.

The bearish price targets are: 10.76 > 10.73 > 10.73.

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TortoiseEcofin Acquisition III Corp Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of TortoiseEcofin Acquisition III Corp. The current mas is .

The long score for the Moving Averages is 14/14.
The longshort score for the Moving Averages is 14/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

TortoiseEcofin Acquisition III Corp Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of TortoiseEcofin Acquisition III Corp. The current macd is 0.01554175.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the TortoiseEcofin Acquisition III Corp price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for TortoiseEcofin Acquisition III Corp. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the TortoiseEcofin Acquisition III Corp price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
TortoiseEcofin Acquisition III Corp Daily Moving Average Convergence/Divergence (MACD) ChartTortoiseEcofin Acquisition III Corp Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of TortoiseEcofin Acquisition III Corp. The current adx is 47.36.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy TortoiseEcofin Acquisition III Corp shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.
TortoiseEcofin Acquisition III Corp Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of TortoiseEcofin Acquisition III Corp. The current sar is 10.75.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
TortoiseEcofin Acquisition III Corp Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of TortoiseEcofin Acquisition III Corp. The current rsi is 59.06. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 3/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
TortoiseEcofin Acquisition III Corp Daily Relative Strength Index (RSI) ChartTortoiseEcofin Acquisition III Corp Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of TortoiseEcofin Acquisition III Corp. The current phase is Continuation in bull market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the TortoiseEcofin Acquisition III Corp price going up in the near term. +2
  • Trending down: The STOCH %K is trending down. -1
TortoiseEcofin Acquisition III Corp Daily Stochastic Oscillator ChartTortoiseEcofin Acquisition III Corp Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of TortoiseEcofin Acquisition III Corp. The current cci is 72.76.

TortoiseEcofin Acquisition III Corp Daily Commodity Channel Index (CCI) ChartTortoiseEcofin Acquisition III Corp Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of TortoiseEcofin Acquisition III Corp. The current cmo is 19.13.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
TortoiseEcofin Acquisition III Corp Daily Chande Momentum Oscillator (CMO) ChartTortoiseEcofin Acquisition III Corp Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of TortoiseEcofin Acquisition III Corp. The current willr is -42.85714286.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that TortoiseEcofin Acquisition III Corp is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
TortoiseEcofin Acquisition III Corp Daily Williams %R ChartTortoiseEcofin Acquisition III Corp Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of TortoiseEcofin Acquisition III Corp.

TortoiseEcofin Acquisition III Corp Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of TortoiseEcofin Acquisition III Corp. The current atr is 0.01518556.

TortoiseEcofin Acquisition III Corp Daily Average True Range (ATR) ChartTortoiseEcofin Acquisition III Corp Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of TortoiseEcofin Acquisition III Corp. The current obv is 8,602,681.

TortoiseEcofin Acquisition III Corp Daily On-Balance Volume (OBV) ChartTortoiseEcofin Acquisition III Corp Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of TortoiseEcofin Acquisition III Corp. The current mfi is 64.62.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
TortoiseEcofin Acquisition III Corp Daily Money Flow Index (MFI) ChartTortoiseEcofin Acquisition III Corp Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for TortoiseEcofin Acquisition III Corp.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-06SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-11-07STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-13WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-15MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-16CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-17CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-21STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-11-22MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-11-27MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-11-28MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-11-29ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-01RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-04STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-05STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-12MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-14SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-15STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-20CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-21STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-26STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-28STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-29CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-02CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-05MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-09WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-18STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-19CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-23STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-24STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-25MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-31MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-01CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-05CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-02-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-09STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-02-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-20DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-21STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-26DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-02-27SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-28STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-01MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-07STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-08WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-11STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-12STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-13CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-14BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-15STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-19STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-20STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-21MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-03-22MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-25MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-03-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-27STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

TortoiseEcofin Acquisition III Corp Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of TortoiseEcofin Acquisition III Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5059.059
Ma 20Greater thanMa 5010.755
Ma 50Greater thanMa 10010.721
Ma 100Greater thanMa 20010.659
OpenGreater thanClose10.770
Total4/5 (80.0%)
Penke

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