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Trio Petroleum Corp. [TPET] Director makes an insider purchase of 10,000 shares worth 3302.0.

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Trio Petroleum Corp. shares valued at $3,302 were sold by PERNICE THOMAS J on May 01 ’24. At $0.33 per share, PERNICE THOMAS J sold 10,000 shares. The insider’s holdings dropped to 230,000 shares worth approximately $57500.0 following the completion of this transaction.

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Also, Randall John W. sold 60,000 shares, netting a total of over 7,998 in proceeds. Following the sale of shares at $0.13 each, the insider now holds 100,000 shares.

Before that, Ingriselli Frank C had sold 137,296 shares from its account. In a trade valued at $33,775, the Director traded Trio Petroleum Corp. shares for $0.25 each. Upon closing the transaction, the insider’s holdings decreased to 137,296 shares, worth approximately $25000.0.

Analyzing TPET Stock Performance

During the last five days, there has been a drop of approximately -6.65%. Over the course of the year, Trio Petroleum Corp. shares have dropped approximately -19.33%. Shares of the company reached a 52-week high of $0.7196 on 04/15/24 and a 52-week low of $0.0801 on 03/27/24. A 50-day SMA is recorded $0.2732, while a 200-day SMA reached $0.3364. Nevertheless, trading volume fell to 1.07 million shares from 1.85 million shares the previous day.

Support And Resistance Levels for Trio Petroleum Corp. (TPET)

According to the 24-hour chart, there is a support level at 0.2438, which, if violated, would cause prices to drop to 0.2376. In the upper region, resistance lies at 0.2589. The next price resistance is at 0.2678. RSI (Relative Strength Index) is 41.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0324, which suggests the price will decrease in the coming days. Percent R is at 74.18%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

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