US stock / ETF

Texas Pacific Land Corporation

TPL · NYSE · USD

1 weekBearish91%
Weekly Downside probability 91%Bearish

TPL 1W chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Weekly: price is below EMA21, short trend is weak

Confirmation Trigger

Recover $398.63 and stabilize above resistance $547.2.

Invalidation Trigger

Break above $547.2 with RSI back above 50.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

Weekly
Momentum StateBearish
Momentum soft

RSI 39.5, MACD -6.208

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $40.57 (11.91%)

Weekly

EMA Structure

Range
EMA 8$390.04Bearish
EMA 21$398.63Bearish
EMA 50$388.14Bearish

Signals

CategoryReadStrength
Momentum
RSI 39.5 · MACD -6.208

Momentum is weak

Strength
Bearish
Volatility
ATR $40.57 · BB 33.94%

High volatility

Strength
Bearish
Volume
MFI 42.8 · OBV -17.16%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$269.23 - $547.2

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+72.54% · 6.1 ATR above latest close

$587.77
Nearest resistance

+60.63% · 5.1 ATR above · 34-bar high

$547.2
Current price

Price shown is delayed

$340.65
Nearest support

-20.97% · 1.8 ATR below · 34-bar low

$269.23
Deeper support zone

-32.88% · 2.8 ATR below latest close

$228.66
ATR zone

Latest close ± ATR14

$300.08 - $381.22

Indicators

Trend

Dow Theory Structure

Confirmation $348.46, invalidation $437.3

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

Trend strength is active

35.8 / 18.4 / 30.7Bearish
Supertrend (10,3)

Price is above Supertrend

$249.66Bullish
Ichimoku Cloud

Cloud Span A / Span B

$418.09 / $408.22Bearish
Donchian Channel (20)

20-period breakout channel position

0%Bearish

Volatility

ATR (14)

High volatility

$40.57 (11.91%)Bearish
Bollinger Bands (20,2)

Width 33.94%

2%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$482.87 / $314.38Bearish
ATR channel lower / upper

Current Volatility Envelope

$300.08 / $381.22Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$547.2Range
Support

Nearest Downside Decision Level

$269.23Range

Momentum

RSI (14)

Momentum is weak

39.5Bearish
MACD (12,26,9)

Histogram is negative

-6.208Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

0.1 / 39.2Bearish
Williams %R (14)

Oversold zone

-99.9Bullish
CCI (20)

Weak expansion

-126.1Bearish
TD Sequential

Setup is not extreme

buy 2Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

42.8Bearish
OBV slope

20-period OBV slope

-17.16%Bearish
Volume ratio

Relative to 20-period average volume

1.16xBullish

Trend

Dow Theory Structure

Confirmation $348.46, invalidation $437.3

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

Trend strength is active

35.8 / 18.4 / 30.7Bearish
Supertrend (10,3)

Price is above Supertrend

$249.66Bullish
Ichimoku Cloud

Cloud Span A / Span B

$418.09 / $408.22Bearish
Donchian Channel (20)

20-period breakout channel position

0%Bearish

Momentum

RSI (14)

Momentum is weak

39.5Bearish
MACD (12,26,9)

Histogram is negative

-6.208Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

0.1 / 39.2Bearish
Williams %R (14)

Oversold zone

-99.9Bullish
CCI (20)

Weak expansion

-126.1Bearish
TD Sequential

Setup is not extreme

buy 2Bullish

Volatility

ATR (14)

High volatility

$40.57 (11.91%)Bearish
Bollinger Bands (20,2)

Width 33.94%

2%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$482.87 / $314.38Bearish
ATR channel lower / upper

Current Volatility Envelope

$300.08 / $381.22Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

42.8Bearish
OBV slope

20-period OBV slope

-17.16%Bearish
Volume ratio

Relative to 20-period average volume

1.16xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$547.2Range
Support

Nearest Downside Decision Level

$269.23Range

Related Forecasts