Texas Pacific Land Trust Technical Analysis (NYSE:TPL)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The TPL stock chart pattern can give those who understand technical analysis an indication of which way TPL stock is headed, but cannot predict with 100% certainty as to what can happen to the Texas Pacific Land Trust stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Texas Pacific Land Trust. Technical analysis uses an approach for Texas Pacific Land Trust stock analysis that does not care for the fair value of a company but uses price and volume data only.
Texas Pacific Land Trust Moving Average
Moving averages help predict the price direction of TPL stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $522.06 is below the price of $527.45.
Texas Pacific Land Trust Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Texas Pacific Land Trust. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Texas Pacific Land Trust bollinger bands show that the stock price is $527.45, upper band is 540.77, lower band is 503.35, and the average is 522.06.
Texas Pacific Land Trust Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Texas Pacific Land Trust MACD line is below the signal line.
Texas Pacific Land Trust Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of TPL stock is 46.97.