TPL Forecast and Technical Stock AnalysisSell candidate since 2019-07-17 Loss -0.37%
Texas Pacific Land Trust fell by -0.37% in the last day ( Thursday, 18th Jul 2019 ) from $765.43 to $762.62 and has now fallen 7 days in a row. During day the stock fluctuated 1.06% from a day low at $755.01 to a day high of $763.02. The price has fallen in 7 of the last 10 days and is down by -3.53% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -1 969 shares and in total 4 514 shares bought and sold for approximately $3.44 million.
- 30 day high of the TPL stock price was $818.09 and low was $724.00.
- 90 day high was $915.05 and low was $707.72.
- 52 week high for the Texas Pacific Land Trust - $915.66 and low - $409.00.
Texas Pacific Land Trust lies in the middle of a 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 -8.41% during the next 3 months and, with 90% probability hold a price between $628.92 and $746.36 at the end of this period.
There are few to none technical positive signals at the moment. Texas Pacific Land Trust holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $781.74 and $769.38. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday July 10, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 80 ]
RSI14 is 42 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
Texas Pacific Land Trust finds support from accumulated volume at $753.00.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $8.01 (1.06%) between high and low. For the last week, the stock has had a daily average volatility of 1.09%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
1.09 %Average volatility
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