USA • New York Stock Exchange • NYSE:TPL • US88262P1021
We assign a technical rating of 6 out of 10 to TPL. In the last year, TPL was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
TPL has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
285.46
5 important support areas can be observed.
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 | 28.47 | NEGATIVE | TPL has a low relative strength, it was outperformed by 71.53% 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 | MIXED | The current price of TPL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 68.09 | NEUTRAL | The RSI value for TPL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.38 | POSITIVE | The MACD value suggests TPL has a positive trend. |
| Stochastics (14,3) | 58.94 | NEUTRAL | The Stochastics value for TPL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.95 | MEDIUM VOLATILITY | The ATR as a percentage value for TPL suggests some volalility. |
| Average Directional Index/ADX (14) | 27.38 | POSITIVE | The high ADX value value for TPL suggests a strong trend. |
366.03
+20.68 (+5.99%)
ChartMill assigns a technical rating of 6 / 10 to TPL.
The current trend direction for TEXAS PACIFIC LAND CORP (TPL) is Bearish.
TEXAS PACIFIC LAND CORP (TPL) has an RSI value of 68.091. This indicates that the stock is currently neutral.
TEXAS PACIFIC LAND CORP (TPL) has a support level at 347.39. Check the full technical report for our detailed analysis of TPL support and resistance levels.