TEXAS PACIFIC LAND CORP (TPL) Stock Technical Analysis
NYSE:TPL - US88262P1021 - Common Stock
933.48 USD
+11.59 (+1.26%)
933.48 USD
0 (0%)
Taking everything into account, TPL scores 0 out of 10 in our technical rating. TPL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
78% of all other stocks performed better in the past year than TPL.
TPL is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 67% of 209 stocks in the same industry do better.
TPL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month TPL has a been trading in the 845.56 - 969.50 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 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 resistance zone just above the current price starting at 933.49. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 905.67, a Stop Loss order could be placed below this zone.
More info and screens
846.27
1,431.84
When analyzing the support we can see 3 important areas.
- A support zone ranging from 899.37 to 905.67. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @876.63 from a trend line in the weekly 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.
We can see 3 important resistance areas.
- A resistance zone ranging from 933.49 to 933.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 1247.83 to 1250.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 1412.80 to 1417.66. 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 | 22.13 | NEGATIVE | TPL has a low relative strength, it was outperformed by 77.87% off all stocks 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) | DOWN | NEGATIVE | The current price of TPL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.27 | NEUTRAL | The RSI value for TPL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 10.09 | POSITIVE | The MACD value suggests TPL has a positive trend. |
| Stochastics (14,3) | 87.89 | OVERBOUGHT | The high Stochastics value suggests TPL may be overbought. |
| Average True Range in percent/ATR (20) | 3.14 | MEDIUM VOLATILITY | The ATR as a percentage value for TPL suggests some volalility. |
| Average Directional Index/ADX (14) | 24.14 | NEUTRAL | The ADX value for TPL suggests a possible start of a new trend. |
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)
933.48
+11.59 (+1.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.26%
1 Week2.4%
2 Weeks5.82%
1 Month-0.14%
3 Month-16.21%
6 Month-34.63%
12 Month7.43%
2 Year48.58%
3 Year52.16%
5 Year431.68%
10 Year2257.87%
15 Year9241.04%
Volatility
ATR(14)26.1
ATR(20)%3.14%
ATR Inc-22.13%
Range Today17.83
ADR(20)29.16
ADR(20)%3.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.13
Mansfield-2.8
10 Day High938.85
10 Day Low870.89
20 Day High969.5
20 Day Low845.56
52 Week High1769.14
52 Week Low766.51
CS1 End905.67
CR1 Start933.49
Volume & EV
DER(3)0.73%
DER(5)0.89%
Volume106.60K
Volume Incr-2.44%
Vol(5)140.46K
Vol(50)153.27K