US stock / ETF

Texas Pacific Land Corporation

TPL · NYSE · USD

4 hoursBearish81%
4h Downside probability 81%Bearish

TPL 4H chart

EMA21EMA50Bollinger
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Market View

Market Shift

4h: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $361.22 and stabilize above resistance $393.

Invalidation Trigger

Break above $393 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 36.0, MACD -2.158

4h
Volatility EnvironmentRange
Low volatility

ATR is $6.43 (1.84%)

4h

EMA Structure

Bearish
EMA 8$354.02Bearish
EMA 21$361.22Bearish
EMA 50$365.92Bearish

Signals

CategoryReadStrength
Momentum
RSI 36.0 · MACD -2.158

Momentum is weak

Strength
Bearish
Volatility
ATR $6.43 · BB 10.14%

Low volatility

Strength
Range
Volume
MFI 11.1 · OBV -5.25%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$346.55 - $393

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+14.15% · 7.7 ATR above latest close

$399.43
Nearest resistance

+12.31% · 6.7 ATR above · 34-bar high

$393
Current price

Price shown is delayed

$349.91
Nearest support

-0.96% · 0.5 ATR below · 34-bar low

$346.55
Deeper support zone

-2.8% · 1.5 ATR below latest close

$340.11
ATR zone

Latest close ± ATR14

$343.48 - $356.34

Indicators

Trend

Dow Theory Structure

Confirmation $347.27, invalidation $375.83

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

Trend strength is moderate

20.0 / 20.9 / 42.5Bearish
Supertrend (10,3)

Price is above Supertrend

$330.08Bullish
Ichimoku Cloud

Cloud Span A / Span B

$365.48 / $369.77Bearish
Donchian Channel (20)

20-period breakout channel position

9%Bearish

Volatility

ATR (14)

Low volatility

$6.43 (1.84%)Range
Bollinger Bands (20,2)

Width 10.14%

14%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$372.99 / $348.77Range
ATR channel lower / upper

Current Volatility Envelope

$343.48 / $356.34Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$393Range
Support

Nearest Downside Decision Level

$346.55Range

Momentum

RSI (14)

Momentum is weak

36.0Bearish
MACD (12,26,9)

Histogram is negative

-2.158Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

9.5 / 7.1Bullish
Williams %R (14)

Oversold zone

-90.5Bullish
CCI (20)

Weak expansion

-132.3Bearish
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

11.1Bearish
OBV slope

20-period OBV slope

-5.25%Bearish
Volume ratio

Relative to 20-period average volume

1.37xBullish

Trend

Dow Theory Structure

Confirmation $347.27, invalidation $375.83

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

Trend strength is moderate

20.0 / 20.9 / 42.5Bearish
Supertrend (10,3)

Price is above Supertrend

$330.08Bullish
Ichimoku Cloud

Cloud Span A / Span B

$365.48 / $369.77Bearish
Donchian Channel (20)

20-period breakout channel position

9%Bearish

Momentum

RSI (14)

Momentum is weak

36.0Bearish
MACD (12,26,9)

Histogram is negative

-2.158Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

9.5 / 7.1Bullish
Williams %R (14)

Oversold zone

-90.5Bullish
CCI (20)

Weak expansion

-132.3Bearish
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

Low volatility

$6.43 (1.84%)Range
Bollinger Bands (20,2)

Width 10.14%

14%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$372.99 / $348.77Range
ATR channel lower / upper

Current Volatility Envelope

$343.48 / $356.34Range

Volume / Money Flow

MFI (14)

Money flow is weak

11.1Bearish
OBV slope

20-period OBV slope

-5.25%Bearish
Volume ratio

Relative to 20-period average volume

1.37xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$393Range
Support

Nearest Downside Decision Level

$346.55Range

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