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:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

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

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of TPL
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Texas Pacific Land Trust stock price ended at $578.51 on Thursday, after gaining 0.378%.
(Updated on Mar 28, 2024)

Sell candidate since Mar 26, 2024 Loss -65.55% PDF

The Texas Pacific Land Trust stock price gained 0.378% on the last trading day (Thursday, 28th Mar 2024), rising from $576.33 to $578.51. During the last trading day the stock fluctuated 1.47% from a day low at $571.00 to a day high of $579.39. The price has risen in 7 of the last 10 days but is still down by -64.79% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 35 thousand more shares were traded than the day before. In total, 105 thousand shares were bought and sold for approximately $60.74 million.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $575.57 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.61% during the next 3 months and, with a 90% probability hold a price between $560.55 and $1,677.32 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 Wednesday, March 27, 2024, and so far it has risen 0.378%. Further rise is indicated until a new top pivot has been found. 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 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 $1,376.60 and $1,509.97. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

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

Texas Pacific Land Trust finds support from accumulated volume at $576.33 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 $8.39 between high and low, or 1.47%. For the last week, the stock has had daily average volatility of 2.63%.

Texas Pacific Land Trust is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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 1st

For the upcoming trading day on Monday, 1st we expect Texas Pacific Land Trust to open at $576.30, and during the day (based on 14 day Average True Range), to move between $467.39 and $689.63, which gives a possible trading interval of +/-$111.12 (+/-19.21%) 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 38.42% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $576.33, some $2.18 (0.38%) from the current price of $578.51, our system finds the risk reward attractive.

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: -3.189 Sell Candidate Unchanged

Predicted Opening Price for Texas Pacific Land Trust of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$576.30 ( 0.382%) $578.51

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 584.69 1.07 %
R2 581.49 0.514 %
R1 579.50 0.172 %
Current price: 578.51
Support S1 573.10 -0.94 %
S2 571.11 -1.28 %
S3 567.91 -1.83 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 578.51
Support S1 576.33 -0.377%
S2 0 .
S3 0 .

TPL Dividend Payout History


# Declaration Date 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

What is the symbol for Texas Pacific Land Trust Stock and on which exchange is it traded?
The symbol for Texas Pacific Land Trust is TPL and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Texas Pacific Land Trust Stock?
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.

How to buy Texas Pacific Land Trust Stock?
Texas Pacific Land Trust Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Texas Pacific Land Trust Stock.

What's the current price of Texas Pacific Land Trust Stock?
As of the end of day on the 2024-03-28, the price of an Texas Pacific Land Trust (TPL) share was $578.51.

What is the 52-week high and low for Texas Pacific Land Trust Stock?
The 52-week high for Texas Pacific Land Trust Stock is $2,000.00 and the 52-week low is $559.98.

What is the market capitalization of Texas Pacific Land Trust Stock?
As of the 2024-03-28, the market capitalization of Texas Pacific Land Trust is 13.309B.

When is the next earnings date for Texas Pacific Land Trust?
The upcoming earnings date for Texas Pacific Land Trust is May 01, 2024.
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About Texas Pacific Land Trust

Texas Pacific Land Trust Texas Pacific Land Corporation engages in the land and resource management, and water services and operations businesses. The company's Land and Resource Management segment manages approximately 880,000 acres of land. This segment also holds own a 1/128th nonparticipating perpetual oil and gas royalty interest (NPRI) under approximately 85,000 acres of land; a 1/16th NPRI under approximately 371,000 acres of land; and approximately 4,000 addition... TPL Profile

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