Texas Pacific Land Trust Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Tuesday for Texas Pacific Land Trust stock after gaining 0.341%
(Updated on Apr 23, 2024)
The Texas Pacific Land Trust stock price gained 0.341% on the last trading day (Tuesday, 23rd Apr 2024), rising from $585.81 to $587.81. It 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. During the last trading day the stock fluctuated 1.98% from a day low at $580.91 to a day high of $592.39. The price has risen in 7 of the last 10 days but is still down by -0.27% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 12 thousand more shares were traded than the day before. In total, 41 thousand shares were bought and sold for approximately $24.36 million.
The stock 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 -43.81% during the next 3 months and, with a 90% probability hold a price between $165.07 and $774.20 at the end of this 3-month period.
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TPL Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 01, 2024, and so far it has risen 2.93%. 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 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. The Texas Pacific Land Trust stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $1,058.81. On a fall, the stock will find some support from the short-term average at $584.92. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Texas Pacific Land Trust stock
Texas Pacific Land Trust finds support from accumulated volume at $583.91 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 $11.48 between high and low, or 1.98%. For the last week, the stock has had daily average volatility of 2.39%.
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 Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Texas Pacific Land Trust to open at $587.04, and during the day (based on 14 day Average True Range), to move between $544.09 and $631.53, which gives a possible trading interval of +/-$43.72 (+/-7.44%) 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 14.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $583.91 (0.66%) than the resistance at $594.22 (1.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Texas Pacific Land Trust stock A Buy?
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.
Current score: -4.931 Sell Candidate Unchanged
Predicted Opening Price for Texas Pacific Land Trust of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $587.04 ( 0.132%) | $587.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TPL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 598.52 | 1.82 % | |
| R2 | 594.13 | 1.08 % | ||
| R1 | 591.42 | 0.614 % | ||
| Current price: | 587.81 | |||
| Support | S1 | 582.65 | -0.88 % | |
| S2 | 579.94 | -1.34 % | ||
| S3 | 575.56 | -2.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 601.52 | 2.33 % | |
| R2 | 597.16 | 1.59 % | ||
| R1 | 594.22 | 1.09 % | ||
| Current price | 587.81 | |||
| Support | S1 | 583.91 | -0.663% | |
| S2 | 578.51 | -1.58% | ||
| S3 | 575.66 | -2.07% |
TPL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 13, 2024 | Feb 29, 2024 | Mar 15, 2024 | $3.50 | 0.630% |
| 2 | Oct 31, 2023 | Nov 30, 2023 | Dec 15, 2023 | $3.25 | 0.610% |
| 3 | Aug 01, 2023 | Aug 31, 2023 | Sep 15, 2023 | $3.25 | 0.551% |
| 4 | May 02, 2023 | Jun 07, 2023 | Sep 15, 2023 | $3.25 | 0.551% |
| 5 | Feb 13, 2023 | Mar 07, 2023 | Mar 15, 2023 | $3.25 | 0.612% |
FAQ
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