TEXAS PACIFIC LAND CORP (TPL) Technical Analysis
NYSE:TPL • US88262P1021
Current stock price
TPL Technical Rating and Analysis
Taking everything into account, TPL scores 3 out of 10 in our technical rating. TPL has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- TPL is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry, of which 70% are performing better than TPL.
- In the last month TPL has a been trading in the 370.41 - 458.37 range, which is quite wide. It is currently trading near the high of this range.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- When comparing the performance of all stocks over the past year, TPL turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.
- TPL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TPL is lagging the market.
TPL Weekly and Daily overview Charts
TPL Setup Rating and Analysis
Although the technical rating is bad, TPL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 437.42. Right above this resistance zone may be a good entry point.
More info and screens
TPL Support and Resistance Analysis
284.50
When analyzing the support we can see 6 important areas.
- A support zone ranging from 430.21 to 432.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @409.96 from a horizontal line in the weekly time frame.
- Support @402.50 from a trend line in the daily time frame.
- Support @377.96 from a horizontal line in the daily time frame.
- Support @310.43 from a horizontal line in the daily time frame.
- Support @287.37 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 437.42 to 443.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 526.44 to 531.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
TPL Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for TPL is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TPL is down. |
| ChartMill Relative Strength | 59.33 | NEUTRAL | TPL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TPL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TPL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TPL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.61 | NEUTRAL | The RSI value for TPL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.08 | POSITIVE | The MACD value suggests TPL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.24 | NEUTRAL | The Stochastics value for TPL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.63 | MEDIUM VOLATILITY | The ATR as a percentage value for TPL suggests some volalility. |
| Average Directional Index/ADX (14) | 33.58 | POSITIVE | The high ADX value value for TPL suggests a strong trend. |
TPL Chart- and CandleStick Pattern Analysis
TPL Technicals: Chart, Performance Metrics, Trend & Indicators
433.62
-10.05 (-2.27%)
TEXAS PACIFIC LAND CORP / TPL TA FAQ
What is the technical rating for TPL stock?
ChartMill assigns a technical rating of 3 / 10 to TPL.
What is the current trend direction of TEXAS PACIFIC LAND CORP (TPL) stock?
The current trend direction for TEXAS PACIFIC LAND CORP (TPL) is Bullish.
Can you provide the RSI signal for TEXAS PACIFIC LAND CORP?
TEXAS PACIFIC LAND CORP (TPL) has an RSI value of 44.6113. This indicates that the stock is currently neutral.
What is the MACD signal for TEXAS PACIFIC LAND CORP (TPL) stock?
The MACD indicator for TEXAS PACIFIC LAND CORP (TPL) has a value of 3.07834, indicating a bullish trend.
Can you provide the buy/sell signal for TEXAS PACIFIC LAND CORP?
The buy/sell signal for TEXAS PACIFIC LAND CORP (TPL) is hold as the short term and long term trends are mixed.