December 28, 2024, 01:28 am ET, BY Thomas Y. - Contributor |
Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for TPL
- Buy TPL near 1049.88 target 1238.45 stop loss @ 1046.85 Details
The technical summary data tells us to buy TPL near 1049.88 with an upside target of 1238.45. This data also tells us to set a stop loss @ 1046.85 to protect against excessive loss in case the stock begins to move against the trade. 1049.88 is the first level of support below 1145.12 , and by rule, any test of support is a buy signal. In this case, support 1049.88 would be being tested, so a buy signal would exist.
- Short TPL slightly under 1238.45, target 1049.88, stop loss @ 1242.03 Details
The technical summary data is suggesting a short of TPL as it gets near 1238.45 with a downside target of 1049.88. We should have a stop loss in place at 1242.03though. 1238.45 is the first level of resistance above 1145.12, and by rule, any test of resistance is a short signal. In this case, if resistance 1238.45 is being tested, so a short signal would exist.
Swing Trading Plans for TPL
- Buy TPL slightly over 1151.42, target 1238.45, Stop Loss @ 1148.09 Details
If 1151.42 begins to break higher, the technical summary data tells us to buy TPL just slightly over 1151.42, with an upside target of 1238.45. The data also tells us to set a stop loss @ 1148.09 in case the stock turns against the trade. 1151.42 is the first level of resistance above 1145.12, and by rule, any break above resistance is a buy signal. In this case, 1151.42, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short TPL slightly near 1151.42, target 1076.18, Stop Loss @ 1154.75. Details
The technical summary data is suggesting a short of TPL if it tests 1151.42 with a downside target of 1076.18. We should have a stop loss in place at 1154.75 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 1151.42, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for TPL
- Buy TPL slightly over 1150.9, target 1151.42, Stop Loss @ 1148.21 Details
If 1150.9 begins to break higher, the technical summary data tells us to buy TPL just slightly over 1150.9, with an upside target of 1151.42. The data also tells us to set a stop loss @ 1148.21 in case the stock turns against the trade. 1150.9 is the first level of resistance above 1145.12, and by rule, any break above resistance is a buy signal. In this case, 1150.9, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short TPL slightly near 1150.9, target 1076.18, Stop Loss @ 1153.59. Details
The technical summary data is suggesting a short of TPL if it tests 1150.9 with a downside target of 1076.18. We should have a stop loss in place at 1153.59 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 1150.9, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Texas Pacific Land Corporation (TPL) available here: TPL.
TPL Ratings for December 28:
| Term → | Near |
Mid |
Long |
| Rating |
Strong |
Weak |
Strong |
| P1 |
0 |
0 |
1049.88 |
| P2 |
1150.9 |
1076.18 |
1238.45 |
| P3 |
1178.03 |
1151.42 |
1468.57 |
AI Generated Signals for TPL
Blue = Current Price
Red = Resistance
Green = Support
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