NDP Stock Summary and Trading Ideas (Tortoise Energy Independence F | NYSE:NDP)

The funds investment objective is a high level of total return, emphasizing current distributions. The fund invests primarily on North American energy companies that engage in the exploration and production of crude oil, condensate, natural gas and natural gas liquids. The fund provides access to differentiated North American oil and gas shale production growth companies.

Tortoise Energy Independence F trades on the NYSE stock market under the symbol NDP.

As of April 22, 2024, NDP stock price climbed to $34.08 with 962 million shares trading.

NDP has a market cap of $56.78 million. This is considered a Micro Cap stock.

In the last 3 years, NDP stock traded as high as $35.56 and as low as $17.21.

NDP has outperformed the market in the last year with a price return of +25.2% while the SPY ETF gained +22.3%. NDP has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +25.3% and -1.1%, respectively, while the SPY returned +3.9% and -3.6%, respectively.

NDP support price is $33.48 and resistance is $34.21 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NDP stock will trade within this expected range on the day.