US stock / ETF

Texas Pacific Land Corporation

TPL · NYSE · USD

12 hoursRange50%
12h Range probability 100%Range

TPL 12H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

12h: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Break either side of $324.8 - $382.04 with volume.

Invalidation Trigger

A trend close outside the ATR band changes the range thesis.

Market Context

Trend PhaseBearish
Weak Pullback

Price is above EMA21

12h
Momentum StateBullish
Momentum improving

RSI 50.2, MACD 2.484

12h
Volatility EnvironmentRange
Medium volatility

ATR is $8.52 (2.46%)

12h

EMA Structure

Bearish
EMA 8$342.06Bullish
EMA 21$343.46Bullish
EMA 50$352.95Bearish

Signals

CategoryReadStrength
Momentum
RSI 50.2 · MACD 2.484

Neutral zone

Strength
Bullish
Volatility
ATR $8.52 · BB 12.42%

Medium volatility

Strength
Range
Volume
MFI 58.4 · OBV -39.87%

Relative to 20-period average volume

Strength
Range
Price Levels
$324.8 - $382.04

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+12.95% · 5.3 ATR above latest close

$390.55
Nearest resistance

+10.48% · 4.3 ATR above · 34-bar high

$382.04
Current price

Price shown is delayed

$345.79
Nearest support

-6.07% · 2.5 ATR below · 34-bar low

$324.8
Deeper support zone

-8.53% · 3.5 ATR below latest close

$316.28
ATR zone

Latest close ± ATR14

$337.27 - $354.31

Indicators

Trend

Dow Theory Structure

Confirmation $324.8, invalidation $347.2

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is moderate

19.5 / 35.8 / 18.9Bullish
Supertrend (10,3)

Price is above Supertrend

$323.12Bullish
Ichimoku Cloud

Cloud Span A / Span B

$345.01 / $358.9Bearish
Donchian Channel (20)

20-period breakout channel position

48%Range

Volatility

ATR (14)

Medium volatility

$8.52 (2.46%)Range
Bollinger Bands (20,2)

Width 12.42%

61%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$361.34 / $324.93Range
ATR channel lower / upper

Current Volatility Envelope

$337.27 / $354.31Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$382.04Range
Support

Nearest Downside Decision Level

$324.8Range

Momentum

RSI (14)

Neutral zone

50.2Range
MACD (12,26,9)

Histogram is positive

2.484Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

61.7 / 72.0Bearish
Williams %R (14)

Neutral zone

-38.3Range
CCI (20)

Balanced zone

58.3Range
TD Sequential

Setup is not extreme

sell 6Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

58.4Bullish
OBV slope

20-period OBV slope

-39.87%Bearish
Volume ratio

Relative to 20-period average volume

1.12xBullish

Trend

Dow Theory Structure

Confirmation $324.8, invalidation $347.2

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is moderate

19.5 / 35.8 / 18.9Bullish
Supertrend (10,3)

Price is above Supertrend

$323.12Bullish
Ichimoku Cloud

Cloud Span A / Span B

$345.01 / $358.9Bearish
Donchian Channel (20)

20-period breakout channel position

48%Range

Momentum

RSI (14)

Neutral zone

50.2Range
MACD (12,26,9)

Histogram is positive

2.484Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

61.7 / 72.0Bearish
Williams %R (14)

Neutral zone

-38.3Range
CCI (20)

Balanced zone

58.3Range
TD Sequential

Setup is not extreme

sell 6Bearish

Volatility

ATR (14)

Medium volatility

$8.52 (2.46%)Range
Bollinger Bands (20,2)

Width 12.42%

61%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$361.34 / $324.93Range
ATR channel lower / upper

Current Volatility Envelope

$337.27 / $354.31Range

Volume / Money Flow

MFI (14)

Money flow is strong

58.4Bullish
OBV slope

20-period OBV slope

-39.87%Bearish
Volume ratio

Relative to 20-period average volume

1.12xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$382.04Range
Support

Nearest Downside Decision Level

$324.8Range

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