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 $373.5 and stabilize above resistance $547.2.

Invalidation Trigger

Break above $547.2 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

Weekly
Momentum StateBearish
Momentum soft

RSI 42.4, MACD -4.963

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $32.16 (9.3%)

Weekly

EMA Structure

Bearish
EMA 8$355.21Bearish
EMA 21$373.5Bearish
EMA 50$378.56Bearish

Signals

CategoryReadStrength
Momentum
RSI 42.4 · MACD -4.963

Momentum is weak

Strength
Bearish
Volatility
ATR $32.16 · BB 27.01%

High volatility

Strength
Bearish
Volume
MFI 30.7 · OBV -8.86%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$324.8 - $547.2

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+67.55% · 7.3 ATR above latest close

$579.36
Nearest resistance

+58.25% · 6.3 ATR above · 34-bar high

$547.2
Current price

Price shown is delayed

$345.79
Nearest support

-6.07% · 0.7 ATR below · 34-bar low

$324.8
Deeper support zone

-15.37% · 1.7 ATR below latest close

$292.64
ATR zone

Latest close ± ATR14

$313.63 - $377.95

Indicators

Trend

Dow Theory Structure

Confirmation $335.1, invalidation $393

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

Trend strength is moderate

11.2 / 19.0 / 27.9Bearish
Supertrend (10,3)

Price is above Supertrend

$253.14Bullish
Ichimoku Cloud

Cloud Span A / Span B

$375.3 / $408.22Bearish
Donchian Channel (20)

20-period breakout channel position

18%Bearish

Volatility

ATR (14)

High volatility

$32.16 (9.3%)Bearish
Bollinger Bands (20,2)

Width 27.01%

21%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$437 / $308.28Bearish
ATR channel lower / upper

Current Volatility Envelope

$313.63 / $377.95Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$547.2Range
Support

Nearest Downside Decision Level

$324.8Range

Momentum

RSI (14)

Momentum is weak

42.4Bearish
MACD (12,26,9)

Histogram is negative

-4.963Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

18.7 / 13.2Bullish
Williams %R (14)

Oversold zone

-81.3Bullish
CCI (20)

Balanced zone

-98.1Range
TD Sequential

Setup is not extreme

buy 4Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

30.7Bearish
OBV slope

20-period OBV slope

-8.86%Bearish
Volume ratio

Relative to 20-period average volume

0.50xBearish

Trend

Dow Theory Structure

Confirmation $335.1, invalidation $393

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

Trend strength is moderate

11.2 / 19.0 / 27.9Bearish
Supertrend (10,3)

Price is above Supertrend

$253.14Bullish
Ichimoku Cloud

Cloud Span A / Span B

$375.3 / $408.22Bearish
Donchian Channel (20)

20-period breakout channel position

18%Bearish

Momentum

RSI (14)

Momentum is weak

42.4Bearish
MACD (12,26,9)

Histogram is negative

-4.963Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

18.7 / 13.2Bullish
Williams %R (14)

Oversold zone

-81.3Bullish
CCI (20)

Balanced zone

-98.1Range
TD Sequential

Setup is not extreme

buy 4Bullish

Volatility

ATR (14)

High volatility

$32.16 (9.3%)Bearish
Bollinger Bands (20,2)

Width 27.01%

21%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$437 / $308.28Bearish
ATR channel lower / upper

Current Volatility Envelope

$313.63 / $377.95Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

30.7Bearish
OBV slope

20-period OBV slope

-8.86%Bearish
Volume ratio

Relative to 20-period average volume

0.50xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$547.2Range
Support

Nearest Downside Decision Level

$324.8Range

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