TEXAS PACIFIC LAND CORP (TPL) Stock Technical Analysis
NYSE:TPL - New York Stock Exchange, Inc. - US88262P1021 - Common Stock - Currency: USD
Overall TPL gets a technical rating of 6 out of 10. In the last year, TPL was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that TPL is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, TPL also shows a nice and consistent pattern of rising prices.
TPL is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 98% of 212 stocks in the same industry.
TPL is currently trading in the middle of its 52 week range. The S&P500 Index is currently trading in the lower part of its 52 week range, so TPL is still doing slightly better than the market.
In the last month TPL has a been trading in the 986.93 - 1411.17 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, TPL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 1111.34, a Stop Loss order could be placed below this zone.
More info and screens
1,068.20
1,445.33
We found 2 important support areas.
- A support zone ranging from 1096.33 to 1111.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1078.99 to 1078.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @1344.73 from a trend line in the daily time frame.
- Resistance @1384.99 from a horizontal line in the daily time frame.
- A resistance zone ranging from 1417.66 to 1431.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.1
Mansfield3.06
10 Day High1321.9
10 Day Low986.93
20 Day High1411.17
20 Day Low986.93
52 Week High1769.14
52 Week Low555.71
Performance
1 Week1.04%
2 Weeks15.75%
1 Month-1.9%
3 Month-8.17%
6 Month13.75%
12 Month109.67%
2 Year153.57%
3 Year174.18%
5 Year557.76%
10 Year2385.35%
15 Year12465.1%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)7.04
RSI(14)47.89
LBB1075.2
UBB1401.78
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1,344.74 | 1,096.32 | 248.42 (18.47%) | 5.41% |
| An entry @1344.74. This is a Buy Stop order right above the resistance zone. | An exit @1096.32. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 248.42 points, which is 18.47%. | When investing 5.41% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
1248.97
-49.67 (-3.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-3.82%
1 Week1.04%
2 Weeks15.75%
1 Month-1.9%
3 Month-8.17%
6 Month13.75%
12 Month109.67%
2 Year153.57%
3 Year174.18%
5 Year557.76%
10 Year2385.35%
15 Year12465.1%
Volatility
ATR(14)106.65
ATR(20)%7.31%
ATR Inc-42%
Range Today63.42
ADR(20)80.97
ADR(20)%6.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.1
Mansfield3.06
10 Day High1321.9
10 Day Low986.93
20 Day High1411.17
20 Day Low986.93
52 Week High1769.14
52 Week Low555.71
CS1 End1111.34
CR1 Start1344.73
Volume & EV
DER(3)-0.2%
DER(5)0.04%
Volume86.60K
Volume Incr-37.2%
Vol(5)99.80K
Vol(50)135.28K