TEXAS PACIFIC LAND CORP (TPL)
US88262P1021 - Common Stock
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.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, TPL did better than 83% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
TPL is part of the Oil, Gas & Consumable Fuels industry. There are 214 other stocks in this industry, TPL did better than 62% of them.
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.
In the last month TPL has a been trading in the 559.98 - 633.07 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, TPL also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 586.76, a Stop Loss order could be placed below this zone.
More info and screens
483.55
644.30
When analyzing the support we can see 2 important areas.
- Support @498.81 from a trend line in the weekly time frame.
- Support @488.43 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 582.39 to 602.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @637.92 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.28
Mansfield-0.08
10 Day High633.07
10 Day Low576.91
20 Day High633.07
20 Day Low559.98
52 Week High666.67
52 Week Low422.07
Performance
1 Week0.69%
2 Weeks-0.88%
1 Month5.23%
3 Month18.7%
6 Month-2.89%
12 Month19.58%
2 Year29.3%
3 Year14.73%
5 Year120.24%
10 Year1243.75%
15 Year6444.56%
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)-2.92
RSI(14)58.54
LBB574.57
UBB603.95
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 |
|---|---|---|---|
| 602.18 | 582.38 | 19.80 (3.29%) | 25.00% |
| An entry @602.18. This is a Buy Stop order right above the resistance zone. | An exit @582.38. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 19.80 points, which is 3.29%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.82%. |
- 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.
TEXAS PACIFIC LAND CORP
NYSE:TPL (4/25/2024, 8:57:56 AM)
579.53
-9.48 (-1.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.61%
1 Week0.69%
2 Weeks-0.88%
1 Month5.23%
3 Month18.7%
6 Month-2.89%
12 Month19.58%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)17.35
ATR(20)%2.87%
ATR Inc
Range Today9.85
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High633.07
10 Day Low576.91
20 Day High633.07
20 Day Low559.98
52 Week High666.67
52 Week Low422.07
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume3.16K
Volume Incr-21.11%
Vol(5)52.20K
Vol(50)45.60K