Texas Pacific Land Trust Stock Forecast

Texas Pacific Land Trust stock price up 0.0343% on Friday
(Updated on Apr 19, 2024)

TPL Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, April 01, 2024, and so far it has risen 2.02%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Texas Pacific Land Trust stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $589.72 and $1,113.97. A break-up above any of these levels will issue buy signals.

Support, Risk & Stop-loss for Texas Pacific Land Trust stock

Texas Pacific Land Trust finds support from accumulated volume at $578.51 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $10.59 between high and low, or 1.83%. For the last week, the stock has had daily average volatility of 3.01%.

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

Trading Expectations (TPL) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Texas Pacific Land Trust to open at $583.38, and during the day (based on 14 day Average True Range), to move between $533.98 and $631.22, which gives a possible trading interval of +/-$48.62 (+/-8.35%) up or down from last closing price. If Texas Pacific Land Trust takes out the full calculated possible swing range there will be an estimated 16.69% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $583.91 (0.22%) than the support at $578.51 (0.70%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Texas Pacific Land Trust stock A Buy?

Texas Pacific Land Trust holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -4.556 Sell Candidate Unchanged

Predicted Opening Price for Texas Pacific Land Trust of Monday, April 22, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.