TEXAS PACIFIC LAND CORP (TPL) Stock Technical Analysis
USA - NYSE:TPL - US88262P1021 - Common Stock
889.25 USD
-20.54 (-2.26%)
889.25 USD
0 (0%)
Overall TPL gets a technical rating of 0 out of 10. TPL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, TPL is a bad performer in the overall market: 84% of all stocks are doing better.
TPL is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 70% of 211 stocks in the same industry do better.
TPL is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month TPL has a been trading in the 860.03 - 983.23 range, which is quite wide. It is currently trading near the lows of this range.
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.
More info and screens
846.27
1,431.84
We found 2 important support areas.
- A support zone ranging from 880.28 to 889.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 854.82 to 862.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 917.28 to 956.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @975.41 from a horizontal line in the daily time frame.
- Resistance @993.62 from a horizontal line in the daily time frame.
- Resistance @1179.01 from a trend line in the weekly time frame.
- A resistance zone ranging from 1412.80 to 1417.66. 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 | 16.2 | NEGATIVE | TPL has a low relative strength, it was outperformed by 83.8% 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) | DOWN | NEGATIVE | The current price of TPL is below a declining 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) | 41.98 | NEUTRAL | The RSI value for TPL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.28 | NEGATIVE | The MACD value suggests TPL has a negative trend. |
| Stochastics (14,3) | 42.22 | NEUTRAL | The Stochastics value for TPL is a neutral value. |
| 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) | 12.28 | NEGATIVE | The low ADX value for TPL suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
889.25
-20.54 (-2.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.26%
1 Week-5.99%
2 Weeks-6.81%
1 Month-5.11%
3 Month-15.05%
6 Month-28.06%
12 Month-15.98%
2 Year44.52%
3 Year15.79%
5 Year492.29%
10 Year1681.11%
15 Year7279.68%
Volatility
ATR(14)35.44
ATR(20)%3.81%
ATR Inc27.55%
Range Today31.25
ADR(20)33.01
ADR(20)%3.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.2
Mansfield-3.14
10 Day High983.23
10 Day Low880
20 Day High983.23
20 Day Low860.03
52 Week High1769.14
52 Week Low845.56
CS1 End889.07
CR1 Start917.28
Volume & EV
DER(3)-0.85%
DER(5)-0.22%
Volume137.20K
Volume Incr-14.12%
Vol(5)120.04K
Vol(50)138.03K