TEXAS PACIFIC LAND CORP (TPL) Technical Analysis
NYSE:TPL • US88262P1021
Current stock price
TPL Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to TPL. In the last year, TPL was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- TPL is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 70% of 209 stocks in the same industry do better.
- 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 compared to the yearly performance of all other stocks, TPL outperforms 59% of them, which is more or less in line with the market.
- 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
TPL has a bad technical rating, but it does show a decent setup pattern. 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 437.42. Right above this resistance zone may be a good entry point.
More info and screens
TPL Support and Resistance Analysis
284.50
6 important support areas can be observed.
- 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.
We can see 2 important resistance areas.
- 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 | 59.36 | 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.