TEXAS PACIFIC LAND CORP (TPL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TPL - US88262P1021 - Common Stock
We assign a technical rating of 3 out of 10 to TPL. Recently some decent action could be observed, but in the medium term time frame this is still negative. TPL was also a bad performer in the overall market in the last year.
The technical rating of TPL is bad and it also does not present a quality setup 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.
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276.74
When analyzing the support we can see 2 important areas.
- Support @310.43 from a horizontal line in the daily time frame.
- A support zone ranging from 279.54 to 283.94. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 329.71 to 331.21. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 340.89 to 341.10. 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 | 18.53 | NEGATIVE | TPL has a low relative strength, it was outperformed by 81.47% 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) | 57.97 | NEUTRAL | The RSI value for TPL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.91 | POSITIVE | The MACD value suggests TPL has a positive trend. |
| Stochastics (14,3) | 60.17 | NEUTRAL | The Stochastics value for TPL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.09 | MEDIUM VOLATILITY | The ATR as a percentage value for TPL suggests some volalility. |
| Average Directional Index/ADX (14) | 13.3 | NEGATIVE | The low ADX value for TPL suggests a weak or negative trend. |
311.87
+8.92 (+2.94%)
TEXAS PACIFIC LAND CORP / TPL FAQ
What is the technical rating for TPL stock?
ChartMill assigns a technical rating of 3 / 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 57.9699. 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 329.71. Check the full technical report for our detailed analysis of TPL support and resistance levels.