TEXAS PACIFIC LAND CORP (TPL) Stock Technical Analysis
NYSE:TPL - New York Stock Exchange, Inc. - US88262P1021 - Common Stock - Currency: USD
Taking everything into account, TPL scores 0 out of 10 in our technical rating. TPL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
71% of all other stocks performed better in the past year than TPL.
TPL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
TPL is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry, TPL did better than 50% of them.
In the last month TPL has a been trading in the 958.75 - 1099.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TPL has a poor technical rating and the quality of the setup is also not perfect 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
987.14
1,431.84
We can see 5 important resistance areas.
- A resistance zone ranging from 1042.42 to 1042.82. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1075.98 from a horizontal line in the daily time frame.
- A resistance zone ranging from 1119.59 to 1151.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1322.75 to 1323.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 1412.80 to 1417.66. 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 | DOWN | NEGATIVE | The long term trend for TPL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TPL is down. |
| ChartMill Relative Strength | 29.43 | NEGATIVE | TPL has a low relative strength, it was outperformed by 70.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TPL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TPL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of TPL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 32.67 | NEUTRAL | The RSI value for TPL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests TPL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.04 | NEUTRAL | The Stochastics value for TPL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.29 | MEDIUM VOLATILITY | The ATR as a percentage value for TPL suggests some volalility. |
| Average Directional Index/ADX (14) | 39.65 | POSITIVE | The high ADX value value for TPL suggests a strong trend. |
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)
997.11
+4.89 (+0.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.49%
1 Week-4.75%
2 Weeks-7.33%
1 Month-7.65%
3 Month-23.22%
6 Month-29.42%
12 Month22.42%
2 Year98.59%
3 Year63.12%
5 Year461.24%
10 Year2187.65%
15 Year11222.2%
Volatility
ATR(14)29.21
ATR(20)%3.29%
ATR Inc-25.16%
Range Today16.59
ADR(20)31.83
ADR(20)%3.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.43
Mansfield-2.13
10 Day High1065.87
10 Day Low958.75
20 Day High1099
20 Day Low958.75
52 Week High1769.14
52 Week Low736.75
CS1 EndN/A
CR1 Start1042.42
Volume & EV
DER(3)-1.7%
DER(5)-1.41%
Volume137.90K
Volume Incr5.85%
Vol(5)154.02K
Vol(50)142.71K