TEXAS PACIFIC LAND CORP (TPL) Technical Analysis
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.
- The long and short term trends are both positive. This is looking good!
- TPL is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 81% of 207 stocks in the same industry.
- TPL is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month TPL has a been trading in the 378.60 - 547.20 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, TPL did better than 92% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
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.
More info and screens
290.90
We found 4 important support areas.
- A support zone ranging from 520.75 to 520.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @409.09 from a trend line in the daily time frame.
- Support @310.43 from a horizontal line in the daily time frame.
- Support @293.84 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 524.69 to 525.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @539.80 from a horizontal line in the daily time frame.
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. |
TPL Technicals: Chart, Performance Metrics, Trend & Indicators
520.76
-19.03 (-3.53%)
TEXAS PACIFIC LAND CORP / TPL FAQ
What is the technical rating for TPL stock?
ChartMill assigns a technical rating of 9 / 10 to TPL.
Can you provide the trend direction for TEXAS PACIFIC LAND CORP?
The current trend direction for TEXAS PACIFIC LAND CORP (TPL) is Bullish.
What is the RSI signal for TEXAS PACIFIC LAND CORP (TPL) stock?
TEXAS PACIFIC LAND CORP (TPL) has an RSI value of 67.2834. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for TEXAS PACIFIC LAND CORP?
The buy/sell signal for TEXAS PACIFIC LAND CORP (TPL) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for TEXAS PACIFIC LAND CORP (TPL) stock?
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.