Fri 16'th Nov 2018
Texas Pacific Land Trust Stock Analysis
Technical stock analysis for Fri 16'th Nov 2018
|Shorts||1.05% ( 2018-10-31 )|
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.
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.
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.
Relative Strength Index (RSI)
RSI14 is 40 and the stock is currently not being overbought or oversold
Support & Resistance
Texas Pacific Land Trust finds support from accumulated volume at $581.72.
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.
Very Low Low Medium High Very High
Texas Pacific Land Trust holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
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