Tue 18'th Sep 2018
Texas Pacific Land Trust Stock Analysis
Technical stock analysis for Tue 18'th Sep 2018
|Shorts||0.98% ( 2018-08-31 )|
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.
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.
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.
Relative Strength Index (RSI)
RSI14 is 53 and the stock is currently not being overbought or oversold
Support & Resistance
Texas Pacific Land Trust finds support from accumulated volume at $794.50.
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.)
Very Low Low Medium High Very High
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.Click for Top 5 Strong Buy Candidates
|Get a PRO membership|
To Reveal Top 5 Strong Buy Candidates
Follow Auto Portfolios gaining up to 30%.
Disclaimer: There is no guarantee against any loss. Your capital is at risk.
Click to become a PRO member