US stock / ETF

Texas Pacific Land Corporation

TPL · NYSE · USD

1 weekBearish81%
Weekly Downside probability 81%Bearish

TPL 1W chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Weekly: price is below EMA21, short trend is weak

Confirmation Trigger

Recover $383.51 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 42.6, MACD -5.186

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $36.28 (10.37%)

Weekly

EMA Structure

Range
EMA 8$368.59Bearish
EMA 21$383.51Bearish
EMA 50$383.06Bearish

Signals

CategoryReadStrength
Momentum
RSI 42.6 · MACD -5.186

Momentum is weak

Strength
Bearish
Volatility
ATR $36.28 · BB 22.90%

High volatility

Strength
Bearish
Volume
MFI 47.2 · OBV -7.28%

Relative to 20-period average volume

Strength
Range
Price Levels
$326.68 - $547.2

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+66.75% · 6.4 ATR above latest close

$583.48
Nearest resistance

+56.38% · 5.4 ATR above · 34-bar high

$547.2
Current price

Price shown is delayed

$349.91
Nearest support

-6.64% · 0.6 ATR below · 34-bar low

$326.68
Deeper support zone

-17.01% · 1.6 ATR below latest close

$290.4
ATR zone

Latest close ± ATR14

$313.63 - $386.2

Indicators

Trend

Dow Theory Structure

Confirmation $335.1, invalidation $437.3

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

Trend strength is moderate

22.0 / 27.9 / 23.4Bullish
Supertrend (10,3)

Price is above Supertrend

$256.62Bullish
Ichimoku Cloud

Cloud Span A / Span B

$413.12 / $408.22Bearish
Donchian Channel (20)

20-period breakout channel position

12%Bearish

Volatility

ATR (14)

High volatility

$36.28 (10.37%)Bearish
Bollinger Bands (20,2)

Width 22.90%

12%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$453.5 / $312.36Bearish
ATR channel lower / upper

Current Volatility Envelope

$313.63 / $386.2Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$547.2Range
Support

Nearest Downside Decision Level

$326.68Range

Momentum

RSI (14)

Momentum is weak

42.6Bearish
MACD (12,26,9)

Histogram is negative

-5.186Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

13.6 / 23.3Bearish
Williams %R (14)

Oversold zone

-86.4Bullish
CCI (20)

Weak expansion

-108.8Bearish
TD Sequential

Setup is not extreme

buy 1Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

47.2Range
OBV slope

20-period OBV slope

-7.28%Bearish
Volume ratio

Relative to 20-period average volume

0.53xBearish

Trend

Dow Theory Structure

Confirmation $335.1, invalidation $437.3

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

Trend strength is moderate

22.0 / 27.9 / 23.4Bullish
Supertrend (10,3)

Price is above Supertrend

$256.62Bullish
Ichimoku Cloud

Cloud Span A / Span B

$413.12 / $408.22Bearish
Donchian Channel (20)

20-period breakout channel position

12%Bearish

Momentum

RSI (14)

Momentum is weak

42.6Bearish
MACD (12,26,9)

Histogram is negative

-5.186Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

13.6 / 23.3Bearish
Williams %R (14)

Oversold zone

-86.4Bullish
CCI (20)

Weak expansion

-108.8Bearish
TD Sequential

Setup is not extreme

buy 1Bullish

Volatility

ATR (14)

High volatility

$36.28 (10.37%)Bearish
Bollinger Bands (20,2)

Width 22.90%

12%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$453.5 / $312.36Bearish
ATR channel lower / upper

Current Volatility Envelope

$313.63 / $386.2Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

47.2Range
OBV slope

20-period OBV slope

-7.28%Bearish
Volume ratio

Relative to 20-period average volume

0.53xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$547.2Range
Support

Nearest Downside Decision Level

$326.68Range

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