TEXAS PACIFIC LAND CORP (TPL) Stock Technical Analysis
NYSE:TPL - New York Stock Exchange, Inc. - US88262P1021 - Common Stock - Currency: USD
Overall TPL gets a technical rating of 3 out of 10. Although TPL is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
In the last month TPL has a been trading in the 1068.66 - 1432.18 range, which is quite wide. It is currently trading near the lows of this range.
TPL is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 82% of 213 stocks in the same industry.
When comparing the yearly performance of all stocks, we notice that TPL is one of the better performing stocks in the market, outperforming 80% of all stocks. We also observe that the gains produced by TPL over the past year are nicely spread over this period. However, this overall performance is mostly based on the strong move around 7 months ago.
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.
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
1,068.20
1,431.84
We found 2 important support areas.
- Support @1096.33 from a horizontal line in the daily time frame.
- A support zone ranging from 1078.99 to 1078.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1235.79 to 1271.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1382.64 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 | 80.23 | POSITIVE | TPL has a high relative strength, it outperformed 80.23% 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) | UP | MIXED | The current price of TPL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 31.89 | NEUTRAL | The RSI value for TPL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -19.21 | NEGATIVE | The MACD value suggests TPL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.94 | OVERSOLD | The low Stochastics value suggests TPL may be oversold. |
| Average True Range in percent/ATR (20) | 4.82 | MEDIUM VOLATILITY | The ATR as a percentage value for TPL suggests some volalility. |
| Average Directional Index/ADX (14) | 28.47 | POSITIVE | The high ADX value value for TPL suggests a strong 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)
1105.04
-8.22 (-0.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.74%
1 Week-0.46%
2 Weeks-13.15%
1 Month-15.09%
3 Month-16.35%
6 Month-7.83%
12 Month47.34%
2 Year151.81%
3 Year122.79%
5 Year457.45%
10 Year2103.03%
15 Year12500.2%
Volatility
ATR(14)53.14
ATR(20)%4.82%
ATR Inc-25.5%
Range Today34.77
ADR(20)49.98
ADR(20)%4.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.23
Mansfield-0.74
10 Day High1300
10 Day Low1068.66
20 Day High1432.18
20 Day Low1068.66
52 Week High1769.14
52 Week Low724.75
CS1 End1096.33
CR1 Start1235.79
Volume & EV
DER(3)0.51%
DER(5)0.89%
Volume135.70K
Volume Incr8.86%
Vol(5)141.58K
Vol(50)130.94K