TEXAS PACIFIC LAND CORP (TPL) Stock Technical Analysis
USA - NYSE:TPL - US88262P1021 - Common Stock
Overall TPL gets a technical rating of 3 out of 10. In the past year, TPL was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
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.
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4 important support areas can be observed.
- A support zone ranging from 929.54 to 950.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 900.44 to 907.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @880.28 from a horizontal line in the daily time frame.
- 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.
3 important resistance areas can be observed.
- Resistance @1011.14 from a horizontal line in the daily time frame.
- Resistance @1131.10 from a trend line in the weekly time frame.
- A resistance zone ranging from 1394.32 to 1412.80. 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 | NEUTRAL | NEUTRAL | The long term trend for TPL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TPL is neutral. |
| ChartMill Relative Strength | 25.23 | NEGATIVE | TPL has a low relative strength, it was outperformed by 74.77% 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) | DOWN | NEGATIVE | The current price of TPL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.31 | NEUTRAL | The RSI value for TPL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 6.17 | POSITIVE | The MACD value suggests TPL has a positive trend. |
| Stochastics (14,3) | 54.23 | NEUTRAL | The Stochastics value for TPL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.55 | MEDIUM VOLATILITY | The ATR as a percentage value for TPL suggests some volalility. |
| Average Directional Index/ADX (14) | 15.46 | NEGATIVE | The low ADX value for TPL suggests a weak or negative trend. |
981.69
-29.44 (-2.91%)
TEXAS PACIFIC LAND CORP / TPL FAQ
What is the technical rating for TPL stock?
ChartMill assigns a technical rating of 3 / 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 59.3141. 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 6.16861, indicating a bullish trend.
What is the support and resistance level for TPL stock?
TEXAS PACIFIC LAND CORP (TPL) has a support level at 950.55 and a resistance level at 1011.14. Check the full technical report for our detailed analysis of TPL support and resistance levels.