TPL stock - Texas Pacific Land Trust

Industry: Real Estate Development Sector: Financial Exchange: NYSE

Fri 16'th Nov 2018

PERIOD 2018-08-17 - 2018-11-16
CHANGE 7.41%
PRICE $608.71
VOLUME
Buy
TREND
Sell

MV LONG
Sell

MV SHORT
Buy

PIVOT
Buy

MACD
Sell
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Texas Pacific Land Trust Stock Analysis

Technical stock analysis for Fri 16'th Nov 2018

Sell candidate since 2018-11-01 Loss -9.15%
Shorts 1.05% ( 2018-10-31 )
Cash n/a
Loans n/a
Beta 1.35
ROA 89.93

Texas Pacific Land Trust gained 7.41% in the last trading day, rising from $566.73 to $608.71 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has fallen in 6 of the last 10 days and is down by -10.45% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 6 644 more shares were traded than the day before. In total, 34 262 shares bought and sold for approximately $20.86 million.

Trend

Texas Pacific Land Trust lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -22.24% during the next 3 months and, with 90% probability hold a price between $424.98 and $593.20 at the end of this period.

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Signals

A buy signal was issued from a pivot bottom point on Wednesday November 14, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Texas Pacific Land Trust holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $737.35. On a fall, the stock will find some support from the short-term average at $608.42. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.

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Relative Strength Index (RSI)

RSI14 is 40 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Texas Pacific Land Trust finds support from accumulated volume at $581.72.

Support: $581.72 Price: $608.71 Resistance: $620.95

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $55.66 between high and low, or 9.83%. For the last week, the stock has had a daily average volatility of 7.74%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

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