TEXAS PACIFIC LAND CORP (TPL) Stock Technical Analysis
USA - NYSE:TPL - US88262P1021 - Common Stock
875.1 USD
-38.17 (-4.18%)
875.1 USD
0 (0%)
Taking everything into account, TPL scores 0 out of 10 in our technical rating. TPL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, TPL is a bad performer in the overall market: 86% of all stocks are doing better.
TPL is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 68% of 210 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 869.69 - 972.74 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 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 1 important support area.
- 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.
We can see 3 important resistance areas.
- A resistance zone ranging from 917.22 to 942.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1214.95 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 | DOWN | NEGATIVE | The short term trend for TPL is down. |
| ChartMill Relative Strength | 14.12 | NEGATIVE | TPL has a low relative strength, it was outperformed by 85.88% 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) | 39.88 | NEUTRAL | The RSI value for TPL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.56 | NEGATIVE | The MACD value suggests TPL has a negative trend. |
| Stochastics (14,3) | 20.94 | NEUTRAL | The Stochastics value for TPL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.2 | MEDIUM VOLATILITY | The ATR as a percentage value for TPL suggests some volalility. |
| Average Directional Index/ADX (14) | 14.06 | 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)
875.1
-38.17 (-4.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-4.18%
1 Week-6.62%
2 Weeks-1.58%
1 Month-0.59%
3 Month-19.29%
6 Month-31.26%
12 Month-6.53%
2 Year43.97%
3 Year47.72%
5 Year481.39%
10 Year1771.87%
15 Year6458.34%
Volatility
ATR(14)30.21
ATR(20)%3.2%
ATR Inc11.03%
Range Today42.67
ADR(20)26.42
ADR(20)%3.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.12
Mansfield-3.41
10 Day High955.99
10 Day Low869.69
20 Day High972.74
20 Day Low869.69
52 Week High1769.14
52 Week Low845.56
CS1 End862.09
CR1 Start917.22
Volume & EV
DER(3)1.05%
DER(5)0.32%
Volume426.80K
Volume Incr48.76%
Vol(5)186.18K
Vol(50)151.22K