Learn to Evaluate (TPL) using the Charts

December 17, 2024, 13:14 pm ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for TPL

• Buy TPL near 1036.45 target 1225.31 stop loss @ 1033.46 Details

The technical summary data tells us to buy TPL near 1036.45 with an upside target of 1225.31. This data also tells us to set a stop loss @ 1033.46 to protect against excessive loss in case the stock begins to move against the trade. 1036.45 is the first level of support below 1200.08 , and by rule, any test of support is a buy signal. In this case, support 1036.45 would be being tested, so a buy signal would exist.

• Short TPL slightly under 1225.31, target 1036.45, stop loss @ 1228.85 Details

The technical summary data is suggesting a short of TPL as it gets near 1225.31 with a downside target of 1036.45. We should have a stop loss in place at 1228.85though. 1225.31 is the first level of resistance above 1200.08, and by rule, any test of resistance is a short signal. In this case, if resistance 1225.31 is being tested, so a short signal would exist.

Swing Trading Plans for TPL

• Buy TPL slightly over 1225.31, target 1454.89, Stop Loss @ 1221.77 Details

If 1225.31 begins to break higher, the technical summary data tells us to buy TPL just slightly over 1225.31, with an upside target of 1454.89. The data also tells us to set a stop loss @ 1221.77 in case the stock turns against the trade. 1225.31 is the first level of resistance above 1200.08, and by rule, any break above resistance is a buy signal. In this case, 1225.31, 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 1225.31, target 1193.86, Stop Loss @ 1228.85. Details

The technical summary data is suggesting a short of TPL if it tests 1225.31 with a downside target of 1193.86. We should have a stop loss in place at 1228.85 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, 1225.31, 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 1213.51, target 1225.31, Stop Loss @ 1210.68 Details

If 1213.51 begins to break higher, the technical summary data tells us to buy TPL just slightly over 1213.51, with an upside target of 1225.31. The data also tells us to set a stop loss @ 1210.68 in case the stock turns against the trade. 1213.51 is the first level of resistance above 1200.08, and by rule, any break above resistance is a buy signal. In this case, 1213.51, 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 1213.51, target 1193.86, Stop Loss @ 1216.34. Details

The technical summary data is suggesting a short of TPL if it tests 1213.51 with a downside target of 1193.86. We should have a stop loss in place at 1216.34 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, 1213.51, 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 17:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	1036.45
P2	1136.29	1077.92	1225.31
P3	1213.51	1193.86	1454.89

AI Generated Signals for TPL

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Texas Pacific Land Corporation (NYSE: TPL) report below can help you understand how to do this. The trading plans for TPL, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.