NYSE:TPL • US88262P1021
We assign a technical rating of 9 out of 10 to TPL. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TPL is showing a nice and steady performance.
Although TPL has an excellent technical rating, it does not present a decent entry opportunity 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.
290.90
We found 4 important support areas.
We can see 2 important resistance areas.
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) | 67.28 | NEUTRAL | The RSI value for TPL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.24 | NEGATIVE | The MACD value suggests TPL has a negative trend. |
| Stochastics (14,3) | 84.83 | OVERBOUGHT | The high Stochastics value suggests TPL may be overbought. |
| Average True Range in percent/ATR (20) | 5.5 | HIGH VOLATILITY | The high ATR as a percentage value for TPL suggests high volalility. |
| Average Directional Index/ADX (14) | 60.67 | POSITIVE | The high ADX value value for TPL suggests a strong trend. |
520.76
-19.03 (-3.53%)
ChartMill assigns a technical rating of 9 / 10 to TPL.
The current trend direction for TEXAS PACIFIC LAND CORP (TPL) is Bullish.
TEXAS PACIFIC LAND CORP (TPL) has an RSI value of 67.2834. This indicates that the stock is currently neutral.
The buy/sell signal for TEXAS PACIFIC LAND CORP (TPL) is buy as both the short term and long term trends are positive.
TEXAS PACIFIC LAND CORP (TPL) has a support level at 520.75 and a resistance level at 524.69. Check the full technical report for our detailed analysis of TPL support and resistance levels.