TEXAS PACIFIC LAND CORP (TPL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TPL - US88262P1021 - Common Stock
Taking everything into account, TPL scores 5 out of 10 in our technical rating. TPL has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- When comparing the yearly performance of all stocks, TPL is a bad performer in the overall market: 82% of all stocks are doing better.
- TPL is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 72% of 208 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.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month TPL has a been trading in the 269.23 - 332.80 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
TPL has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
276.74
We found 2 important support areas.
- A support zone ranging from 298.42 to 310.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 279.54 to 285.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 328.80 to 331.21. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 337.11 to 340.89. 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 | NEUTRAL | NEUTRAL | The long term trend for TPL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TPL is up. |
| ChartMill Relative Strength | 18.13 | NEGATIVE | TPL has a low relative strength, it was outperformed by 81.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TPL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TPL is above 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) | 63.86 | NEUTRAL | The RSI value for TPL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 4.07 | POSITIVE | The MACD value suggests TPL has a positive trend. |
| Stochastics (14,3) | 88.8 | OVERBOUGHT | The high Stochastics value suggests TPL may be overbought. |
| Average True Range in percent/ATR (20) | 3.81 | MEDIUM VOLATILITY | The ATR as a percentage value for TPL suggests some volalility. |
| Average Directional Index/ADX (14) | 14.03 | NEGATIVE | The low ADX value for TPL suggests a weak or negative trend. |
326.93
+5.1 (+1.58%)
TEXAS PACIFIC LAND CORP / TPL FAQ
What is the technical rating for TPL stock?
ChartMill assigns a technical rating of 5 / 10 to TPL.
Can you provide the trend direction for TEXAS PACIFIC LAND CORP?
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 63.862. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for TEXAS PACIFIC LAND CORP?
TEXAS PACIFIC LAND CORP (TPL) has a support level at 310.43 and a resistance level at 328.8. Check the full technical report for our detailed analysis of TPL support and resistance levels.