TEXAS PACIFIC LAND CORP (TPL) Technical Analysis
NYSE:TPL • US88262P1021
Current stock price
TPL Technical Rating and Analysis
Taking everything into account, TPL scores 6 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month TPL has a been trading in the 433.94 - 545.00 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- Looking at the yearly performance, TPL did better than 85% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- TPL is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 52% of 209 stocks in the same industry.
- TPL is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TPL is lagging the market slightly.
TPL Weekly and Daily overview Charts
TPL Setup Rating and Analysis
TPL has an average technical rating and it also does not offer a high 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.
More info and screens
TPL Support and Resistance Analysis
307.33
We found 2 important support areas.
- A support zone ranging from 439.19 to 444.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @310.43 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 444.25 to 447.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 529.12 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 | 85.39 | POSITIVE | TPL has a high relative strength, it outperformed 85.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TPL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TPL is below the rising 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) | 34.84 | NEUTRAL | The RSI value for TPL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -15.08 | NEGATIVE | The MACD value suggests TPL has a negative trend. |
| Stochastics (14,3) | 6.99 | OVERSOLD | The low Stochastics value suggests TPL may be oversold. |
| Average True Range in percent/ATR (20) | 4.87 | MEDIUM VOLATILITY | The ATR as a percentage value for TPL suggests some volalility. |
| Average Directional Index/ADX (14) | 44.72 | 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
444.24
+5.04 (+1.15%)
TEXAS PACIFIC LAND CORP / TPL TA FAQ
What is the technical rating for TPL stock?
ChartMill assigns a technical rating of 6 / 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 34.8377. 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 -15.081, indicating a bearish 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.