TEXAS PACIFIC LAND CORP (TPL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TPL - US88262P1021 - Common Stock
We assign a technical rating of 0 out of 10 to TPL. 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.
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
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 4 important resistance areas.
- A resistance zone ranging from 931.89 to 939.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 993.51 to 993.62. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @1095.17 from a trend line in the weekly time frame.
- Resistance @1412.80 from a horizontal line in the weekly time frame.
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 | DOWN | NEGATIVE | The short term trend for TPL is down. |
| ChartMill Relative Strength | 12.02 | NEGATIVE | TPL has a low relative strength, it was outperformed by 87.98% 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) | 37.55 | NEUTRAL | The RSI value for TPL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -12.65 | NEGATIVE | The MACD value suggests TPL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.83 | OVERSOLD | The low Stochastics value suggests TPL may be oversold. |
| Average True Range in percent/ATR (20) | 4.8 | MEDIUM VOLATILITY | The ATR as a percentage value for TPL suggests some volalility. |
| Average Directional Index/ADX (14) | 21.26 | NEUTRAL | The ADX value for TPL suggests a possible start of a new trend. |
864.29
+1.38 (+0.16%)
TEXAS PACIFIC LAND CORP / TPL FAQ
What is the technical rating for TPL stock?
ChartMill assigns a technical rating of 0 / 10 to TPL.
What is the trend direction for TPL stock?
The current trend direction for TEXAS PACIFIC LAND CORP (TPL) is Bearish.
What is the RSI signal for TEXAS PACIFIC LAND CORP (TPL) stock?
TEXAS PACIFIC LAND CORP (TPL) has an RSI value of 37.5531. This indicates that the stock is currently neutral.
What is the MACD signal for TPL stock?
The MACD indicator for TEXAS PACIFIC LAND CORP (TPL) has a value of -12.6515, indicating a bearish trend.
What is the support and resistance level for TPL stock?
TEXAS PACIFIC LAND CORP (TPL) has a support level at 862.09 and a resistance level at 931.89. Check the full technical report for our detailed analysis of TPL support and resistance levels.