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 10 out of 10. 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.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that TPL is one of the better performing stocks in the market, outperforming 96% of all stocks. On top of that, TPL also shows a nice and consistent pattern of rising prices.
TPL is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 97% of 213 stocks in the same industry.
In the last month TPL has a been trading in the 1268.95 - 1432.18 range, which is quite wide. It is currently trading near the high of this range.
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.
TPL has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 1417.66. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1369.65, a Stop Loss order could be placed below this zone.
More info and screens
1,085.37
1,444.87
When analyzing the support we can see 4 important areas.
- A support zone ranging from 1348.77 to 1369.65. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 1287.48 to 1323.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1142.60 to 1154.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1096.33 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 1417.66 to 1430.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.73
Mansfield1.83
10 Day High1432.18
10 Day Low1270.6
20 Day High1432.18
20 Day Low1268.95
52 Week High1769.14
52 Week Low578.56
Performance
1 Week-0.58%
2 Weeks2.74%
1 Month4.6%
3 Month1.87%
6 Month-20.77%
12 Month124.24%
2 Year215.42%
3 Year162.59%
5 Year601.26%
10 Year2633.77%
15 Year15220.9%
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)
Technical Indicators
MACD(12,26,9)7.37
RSI(14)53.64
LBB1266.62
UBB1448.34
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1,430.57 | 1,348.76 | 81.81 (5.72%) | 17.49% |
| An entry @1430.57. This is a Buy Stop order right above the resistance zone. | An exit @1348.76. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 81.81 points, which is 5.72%. | When investing 17.49% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of TPL. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
1370.71
-49.45 (-3.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-3.48%
1 Week-0.58%
2 Weeks2.74%
1 Month4.6%
3 Month1.87%
6 Month-20.77%
12 Month124.24%
2 Year215.42%
3 Year162.59%
5 Year601.26%
10 Year2633.77%
15 Year15220.9%
Volatility
ATR(14)54.58
ATR(20)%3.7%
ATR Inc-15.98%
Range Today47.57
ADR(20)47.12
ADR(20)%3.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.73
Mansfield1.83
10 Day High1432.18
10 Day Low1270.6
20 Day High1432.18
20 Day Low1268.95
52 Week High1769.14
52 Week Low578.56
CS1 End1369.65
CR1 Start1417.66
Volume & EV
DER(3)1.44%
DER(5)0.13%
Volume132.30K
Volume Incr22.64%
Vol(5)118.76K
Vol(50)125.94K