US stock / ETF

Texas Pacific Land Corporation

TPL · NYSE · USD

4 hoursBearish75%
4h Downside probability 75%Bearish

TPL 4H chart

EMA21EMA50Bollinger
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Market View

Market Shift

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

Confirmation Trigger

Recover $371.03 and stabilize above resistance $396.78.

Invalidation Trigger

Break above $396.78 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 49.1, MACD -1.115

4h
Volatility EnvironmentRange
Low volatility

ATR is $6.5 (1.76%)

4h

EMA Structure

Bearish
EMA 8$369.95Bearish
EMA 21$371.03Bearish
EMA 50$371.04Bearish

Signals

CategoryReadStrength
Momentum
RSI 49.1 · MACD -1.115

Neutral zone

Strength
Bearish
Volatility
ATR $6.5 · BB 6.49%

Low volatility

Strength
Range
Volume
MFI 51.6 · OBV 2.95%

Relative to 20-period average volume

Strength
Range
Price Levels
$354.83 - $396.78

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+9.08% · 5.2 ATR above latest close

$403.28
Nearest resistance

+7.32% · 4.2 ATR above · 34-bar high

$396.78
Current price

Price shown is delayed

$369.71
Nearest support

-4.03% · 2.3 ATR below · 34-bar low

$354.83
Deeper support zone

-5.79% · 3.3 ATR below latest close

$348.32
ATR zone

Latest close ± ATR14

$363.21 - $376.21

Indicators

Trend

Dow Theory Structure

Confirmation $364.93, invalidation $382.62

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

Trend strength is moderate

16.6 / 21.7 / 24.6Bearish
Supertrend (10,3)

Price is above Supertrend

$353.64Bullish
Ichimoku Cloud

Cloud Span A / Span B

$375.5 / $365.94Bearish
Donchian Channel (20)

20-period breakout channel position

22%Range

Volatility

ATR (14)

Low volatility

$6.5 (1.76%)Range
Bollinger Bands (20,2)

Width 6.49%

32%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$381.77 / $360.34Range
ATR channel lower / upper

Current Volatility Envelope

$363.21 / $376.21Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$396.78Range
Support

Nearest Downside Decision Level

$354.83Range

Momentum

RSI (14)

Neutral zone

49.1Range
MACD (12,26,9)

Histogram is negative

-1.115Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

27.0 / 20.4Bullish
Williams %R (14)

Neutral zone

-73.0Range
CCI (20)

Balanced zone

-62.2Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

51.6Range
OBV slope

20-period OBV slope

2.95%Bullish
Volume ratio

Relative to 20-period average volume

1.92xBullish

Trend

Dow Theory Structure

Confirmation $364.93, invalidation $382.62

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

Trend strength is moderate

16.6 / 21.7 / 24.6Bearish
Supertrend (10,3)

Price is above Supertrend

$353.64Bullish
Ichimoku Cloud

Cloud Span A / Span B

$375.5 / $365.94Bearish
Donchian Channel (20)

20-period breakout channel position

22%Range

Momentum

RSI (14)

Neutral zone

49.1Range
MACD (12,26,9)

Histogram is negative

-1.115Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

27.0 / 20.4Bullish
Williams %R (14)

Neutral zone

-73.0Range
CCI (20)

Balanced zone

-62.2Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volatility

ATR (14)

Low volatility

$6.5 (1.76%)Range
Bollinger Bands (20,2)

Width 6.49%

32%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$381.77 / $360.34Range
ATR channel lower / upper

Current Volatility Envelope

$363.21 / $376.21Range

Volume / Money Flow

MFI (14)

Money flow is neutral

51.6Range
OBV slope

20-period OBV slope

2.95%Bullish
Volume ratio

Relative to 20-period average volume

1.92xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$396.78Range
Support

Nearest Downside Decision Level

$354.83Range

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