AI-Generated Signals

Our Signals help define rules-based Trading Plans predicated on the Basic Rules of Tehnical Analysis. Take a trial, review our Index ETF Signals, macro, more...

How the (TPL) price action is used to our Advantage

May 04, 2024, 19:50 pm ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for TPL

Buy TPL slightly over 497.87 target 571.37 stop loss @ 496.43 Details

The technical summary data tells us to buy TPL near 497.87 with an upside target of 571.37. This data also tells us to set a stop loss @ 496.43 to protect against excessive loss in case the stock begins to move against the trade. 497.87 is the first level of support below 561.62 , and by rule, any test of support is a buy signal. In this case, support 497.87 would be being tested, so a buy signal would exist.

Short TPL slightly under 571.37, target 497.87, stop loss @ 573.02 Details

The technical summary data is suggesting a short of TPL as it gets near 571.37 with a downside target of 497.87. We should have a stop loss in place at 573.02though. 571.37 is the first level of resistance above 561.62, and by rule, any test of resistance is a short signal. In this case, if resistance 571.37 is being tested, so a short signal would exist.

Swing Trading Plans for TPL

Buy TPL slightly over 571.37, target 584.58, Stop Loss @ 569.72 Details

If 571.37 begins to break higher, the technical summary data tells us to buy TPL just slightly over 571.37, with an upside target of 584.58. The data also tells us to set a stop loss @ 569.72 in case the stock turns against the trade. 571.37 is the first level of resistance above 561.62, and by rule, any break above resistance is a buy signal. In this case, 571.37, 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 571.37, target 558.37, Stop Loss @ 573.02. Details

The technical summary data is suggesting a short of TPL if it tests 571.37 with a downside target of 558.37. We should have a stop loss in place at 573.02 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, 571.37, 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 571.37, target 584.58, Stop Loss @ 570.04 Details

If 571.37 begins to break higher, the technical summary data tells us to buy TPL just slightly over 571.37, with an upside target of 584.58. The data also tells us to set a stop loss @ 570.04 in case the stock turns against the trade. 571.37 is the first level of resistance above 561.62, and by rule, any break above resistance is a buy signal. In this case, 571.37, 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 571.37, target 558.37, Stop Loss @ 572.7. Details

The technical summary data is suggesting a short of TPL if it tests 571.37 with a downside target of 558.37. We should have a stop loss in place at 572.7 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, 571.37, 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 May 04:

Term →	Near	Mid	Long
Rating	Weak	Weak	Neutral
P1	0	0	497.87
P2	541.25	558.37	571.37
P3	557.88	584.58	649.33

⚠Triggers may have already come

Get Real Time Triggers Here

AI Generated Signals for TPL

Blue = Current Price
Red= Resistance
Green = Support

Real Time Updates for Repeat Institutional Readers:

Factset: Request User/Pass
Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Instructions:
Click the Get Real Time Updates button below.
In the login prompt, select forgot username
Type the email you use for Factset
Use the user/pass you receive to login
You will have 24/7 access to real time updates.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Market Crash Leading Indicator
Our Market Crash Leading Indicator isEvitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change:Take a Trial
Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Texas Pacific Land Corporation (NYSE: TPL) data table below can help you with price action, and we have more details too. Trading plans for TPL are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.

Fundamental Charts for TPL: