TPL - Texas Pacific Land Trust

Industry: Real Estate Development Sector: Financial Exchange: NYSE

TPL - Texas Pacific Land Trust

Industry: Real Estate Development Sector: Financial Exchange: NYSE
#473()/7600

Tue 18'th Sep 2018

PERIOD 2018-06-19 - 2018-09-18
CHANGE 0.36%
PRICE $832.19
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

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Texas Pacific Land Trust Stock Analysis

Technical stock analysis for Tue 18'th Sep 2018

Buy candidate since 2018-08-30 Gain 0.40%
Shorts 0.98% ( 2018-08-31 )
Cash n/a
Loans n/a
Beta 1.26
ROA 104.83

Texas Pacific Land Trust gained 0.36% in the last trading day, rising from $829.22 to $832.19 , 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 -2.88% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 10 210 more shares were traded than the day before. In total, 17 731 shares bought and sold for approximately $14.76 million.

Trend

Texas Pacific Land Trust lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $816.42 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 19.68% during the next 3 months and, with 90% probability hold a price between $977.09 and $1 083.79 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

Only positive signals in the chart today. Texas Pacific Land Trust holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $832.71. On a fall, the stock will find some support from the long-term average at approximately $815.72. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Friday September 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.

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A buy signal from a double bottom formation was found on Friday September 14, 2018 and based on theory for this formation the price should go up by 12.09% to $836.57 within 4 trading days since signal was issued (Thursday September 20, 2018).

Relative Strength Index (RSI)

RSI14 is 53 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 $794.50.

Support: $794.50 Price: $832.19 Resistance: $842.70

Risk

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 $13.97 (1.70%) between high and low. For the last week, the stock has had a daily average volatility of 2.01%.

Our recommended stoploss: $783.65 (-5.83%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Texas Pacific Land Trust holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.

Strong Buy Candidate

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