TPL Texas Pacific Land Corporation Chart, History Price & Graph

Key Takeaways

• Texas Pacific Land Corporation (TPL) remains in a long-term uptrend with year-to-date gains exceeding 51%, though short-term momentum has weakened amid a 6.75% pullback over the past month.
• The stock trades below its 50-day moving average near 435-481, signaling short-term bearish pressure, while above the 200-day MA around 358.
• RSI(14) hovers in neutral territory at 44-48, indicating neither overbought nor oversold conditions.
• MACD shows a sell signal at -0.7, supporting the recent corrective action.
• Immediate support at 430-432 with resistance near 434-437, per pivot points.

Current Price Action and Trend

Texas Pacific Land Corporation (TPL) has exhibited a robust long-term uptrend, with shares advancing over 51% year-to-date and nearly 40% over six months. However, the chart reveals a short-term correction, with a 6.75% decline in the past month and a recent 2.27% daily drop to around $433. This pullback follows a multi-month consolidation and breakout pattern, forming what some analysts describe as a "second base" setup after prior gains. The stock now trades within a tightening range, reflecting reduced momentum amid broader market dynamics.

Support and Resistance Levels

Key pivot points highlight immediate support at 431.1 (S1 classic) and 429.5 (S2), with the central pivot at 432.8. Resistance emerges at 434.4 (R1) and 436.1 (R2). Fibonacci pivots align closely, with S1 at 431.6 and R1 at 434. These levels coincide with recent lows and the 5-day moving average around 433-437, making them critical zones for price reactions. Longer-term, the all-time high near $590 from late 2024 stands as major overhead resistance.

Moving Averages

The moving average configuration underscores short-term weakness. The 50-day simple moving average sits at approximately 435-481, with TPL trading below it by 1-11%, a bearish signal. Shorter-term MAs, such as the 20-day at 430-435 and 10-day at 435, also show the price below or testing these levels. In contrast, the stock remains well above the 100-day MA near 407 and 200-day MA around 358, preserving the broader uptrend structure. Overall, 10 of 12 moving averages indicate sell, per technical summaries.

Momentum Indicators

Momentum oscillators present a mixed but leaning bearish picture. The RSI(14) at 44-48 reflects neutral conditions, avoiding oversold territory but lacking bullish conviction. Stochastic (9,6) at 25.6 signals sell, as does Williams %R at -58.9 and MACD(12,26) at -0.7. CCI(14) is neutral at -47, while ADX(14) at 19-34 suggests moderate to building trend strength in the short term. These readings align with the ongoing pullback, with no immediate reversal signals.

Volume and Market Activity

Trading volume has remained steady around 450,000-500,000 shares daily over the past 20-50 days, without notable spikes accompanying the recent decline. This lack of heightened volume on the downside suggests the pullback may lack strong selling conviction, potentially setting up for stabilization if support holds.

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Technical Outlook and Key Levels to Watch

Traders are monitoring the cluster of support around 430-432 for signs of buying interest, which could stabilize the correction and target resistance at 434-437 or the 50-day MA. A break below 429 risks further downside toward 427 or the 100-day MA near 407. Conversely, clearance above 435-437 may signal resumption of the uptrend. Key indicators like RSI for divergence and MACD for crossover remain in focus, alongside volume for confirmation of any directional move.

Disclaimer

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