US stock / ETF

Texas Pacific Land Corporation

TPL · NYSE · USD

1 weekBearish92%
Weekly Downside probability 92%Bearish

TPL 1W chart

EMA21EMA50Bollinger
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Market View

Market Shift

Weekly: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $366.01 and stabilize above resistance $545.

Invalidation Trigger

Break above $545 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

Weekly
Momentum StateBearish
Momentum soft

RSI 40.1, MACD -3.714

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $31.16 (9.43%)

Weekly

EMA Structure

Bearish
EMA 8$347.78Bearish
EMA 21$366.01Bearish
EMA 50$374.68Bearish

Signals

CategoryReadStrength
Momentum
RSI 40.1 · MACD -3.714

Momentum is weak

Strength
Bearish
Volatility
ATR $31.16 · BB 29.60%

High volatility

Strength
Bearish
Volume
MFI 22.2 · OBV -3.50%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$324.8 - $545

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+74.37% · 7.9 ATR above latest close

$576.16
Nearest resistance

+64.94% · 6.9 ATR above · 34-bar high

$545
Current price

Price shown is delayed

$330.43
Nearest support

-1.7% · 0.2 ATR below · 34-bar low

$324.8
Deeper support zone

-11.14% · 1.2 ATR below latest close

$293.64
ATR zone

Latest close ± ATR14

$299.27 - $361.59

Indicators

Trend

Dow Theory Structure

Confirmation $324.8, invalidation $370

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

Trend strength is moderate

12.8 / 15.9 / 30.2Bearish
Supertrend (10,3)

Price is above Supertrend

$258.93Bullish
Ichimoku Cloud

Cloud Span A / Span B

$374.36 / $408.22Bearish
Donchian Channel (20)

20-period breakout channel position

5%Bearish

Volatility

ATR (14)

High volatility

$31.16 (9.43%)Bearish
Bollinger Bands (20,2)

Width 29.60%

14%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$414.75 / $315.33Bearish
ATR channel lower / upper

Current Volatility Envelope

$299.27 / $361.59Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$545Range
Support

Nearest Downside Decision Level

$324.8Range

Momentum

RSI (14)

Momentum is weak

40.1Bearish
MACD (12,26,9)

Histogram is negative

-3.714Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

5.9 / 13.7Bearish
Williams %R (14)

Oversold zone

-94.1Bullish
CCI (20)

Weak expansion

-118.7Bearish
TD Sequential

Setup is not extreme

buy 7Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

22.2Bearish
OBV slope

20-period OBV slope

-3.50%Bearish
Volume ratio

Relative to 20-period average volume

0.28xBearish

Trend

Dow Theory Structure

Confirmation $324.8, invalidation $370

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

Trend strength is moderate

12.8 / 15.9 / 30.2Bearish
Supertrend (10,3)

Price is above Supertrend

$258.93Bullish
Ichimoku Cloud

Cloud Span A / Span B

$374.36 / $408.22Bearish
Donchian Channel (20)

20-period breakout channel position

5%Bearish

Momentum

RSI (14)

Momentum is weak

40.1Bearish
MACD (12,26,9)

Histogram is negative

-3.714Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

5.9 / 13.7Bearish
Williams %R (14)

Oversold zone

-94.1Bullish
CCI (20)

Weak expansion

-118.7Bearish
TD Sequential

Setup is not extreme

buy 7Bullish

Volatility

ATR (14)

High volatility

$31.16 (9.43%)Bearish
Bollinger Bands (20,2)

Width 29.60%

14%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$414.75 / $315.33Bearish
ATR channel lower / upper

Current Volatility Envelope

$299.27 / $361.59Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

22.2Bearish
OBV slope

20-period OBV slope

-3.50%Bearish
Volume ratio

Relative to 20-period average volume

0.28xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$545Range
Support

Nearest Downside Decision Level

$324.8Range

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