TEXAS PACIFIC LAND CORP (TPL) Technical Analysis
NYSE:TPL • US88262P1021
We assign a technical rating of 9 out of 10 to TPL. Both in the recent history as in the last year, TPL has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- TPL is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry. TPL outperforms 80% of them.
- TPL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TPL is lagging the market slightly.
- In the last month TPL has a been trading in the 400.25 - 547.20 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that TPL is one of the better performing stocks in the market, outperforming 92% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Although TPL has an excellent technical rating, it 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
290.90
When analyzing the support we can see 4 important areas.
- A support zone ranging from 520.75 to 524.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @412.13 from a trend line in the daily time frame.
- Support @310.43 from a horizontal line in the daily time frame.
- Support @293.84 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 525.04 to 526.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @539.80 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for TPL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TPL is up. |
| ChartMill Relative Strength | 92.36 | POSITIVE | TPL has a high relative strength, it outperformed 92.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TPL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TPL is above 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) | 68.12 | NEUTRAL | The RSI value for TPL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.52 | NEGATIVE | The MACD value suggests TPL has a negative trend. |
| Stochastics (14,3) | 79.36 | NEUTRAL | The Stochastics value for TPL is a neutral value. |
| Average True Range in percent/ATR (20) | 5.33 | HIGH VOLATILITY | The high ATR as a percentage value for TPL suggests high volalility. |
| Average Directional Index/ADX (14) | 60.45 | POSITIVE | The high ADX value value for TPL suggests a strong trend. |
TPL Technicals: Chart, Performance Metrics, Trend & Indicators
524.83
+4.07 (+0.78%)
TEXAS PACIFIC LAND CORP / TPL FAQ
What is the technical rating for TPL stock?
ChartMill assigns a technical rating of 9 / 10 to TPL.
Can you provide the trend direction for TEXAS PACIFIC LAND CORP?
The current trend direction for TEXAS PACIFIC LAND CORP (TPL) is Bullish.
What is the RSI signal for TEXAS PACIFIC LAND CORP (TPL) stock?
TEXAS PACIFIC LAND CORP (TPL) has an RSI value of 68.1173. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for TEXAS PACIFIC LAND CORP?
The buy/sell signal for TEXAS PACIFIC LAND CORP (TPL) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for TEXAS PACIFIC LAND CORP (TPL) stock?
TEXAS PACIFIC LAND CORP (TPL) has a support level at 524.82 and a resistance level at 525.04. Check the full technical report for our detailed analysis of TPL support and resistance levels.