TEXAS PACIFIC LAND CORP (TPL) Stock Technical Analysis
USA - NYSE:TPL - US88262P1021 - Common Stock
Overall TPL gets a technical rating of 1 out of 10. TPL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, TPL does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 907.69, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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846.27
We found 3 important support areas.
- A support zone ranging from 902.06 to 907.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @880.28 from a horizontal line in the daily time frame.
- A support zone ranging from 854.82 to 862.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 925.86 to 954.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @975.41 from a horizontal line in the daily time frame.
- Resistance @993.62 from a horizontal line in the daily time frame.
- Resistance @1131.10 from a trend line in the weekly time frame.
- A resistance zone ranging from 1394.32 to 1412.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for TPL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TPL is neutral. |
| ChartMill Relative Strength | 18.23 | NEGATIVE | TPL has a low relative strength, it was outperformed by 81.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TPL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TPL is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TPL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.74 | NEUTRAL | The RSI value for TPL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests TPL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.02 | NEUTRAL | The Stochastics value for TPL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.13 | MEDIUM VOLATILITY | The ATR as a percentage value for TPL suggests some volalility. |
| Average Directional Index/ADX (14) | 11.8 | NEGATIVE | The low ADX value for TPL suggests a weak or negative trend. |
924.66
-18.72 (-1.98%)
TEXAS PACIFIC LAND CORP / TPL FAQ
What is the technical rating for TPL stock?
ChartMill assigns a technical rating of 1 / 10 to TPL.
What is the trend direction for TPL stock?
The current trend direction for TEXAS PACIFIC LAND CORP (TPL) is Bearish.
What is the RSI signal for TEXAS PACIFIC LAND CORP (TPL) stock?
TEXAS PACIFIC LAND CORP (TPL) has an RSI value of 48.7439. This indicates that the stock is currently neutral.
What is the MACD signal for TPL stock?
The MACD indicator for TEXAS PACIFIC LAND CORP (TPL) has a value of 0.125472, indicating a bearish trend.
What is the support and resistance level for TPL stock?
TEXAS PACIFIC LAND CORP (TPL) has a support level at 907.69 and a resistance level at 925.86. Check the full technical report for our detailed analysis of TPL support and resistance levels.