TPL Price Prediction Next Week
Analysis and Insights
To predict the stock price of Texas Pacific Land Corp. (TPL) for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
TPL's stock price closed at $1,374.74 on March 7, 2025, with a 5.35% increase on the day. The stock is currently trading below its 52-week high of $1,769.14, indicating potential upside but also showing it has not yet reached overbought levels.
Key technical indicators:
- RSI (14): 52.64, indicating a neutral position, not overbought or oversold.
- MACD: Positive at 6.99, with a signal line crossover suggesting potential bearish divergence.
- Bollinger Bands: The stock is near the lower band, suggesting potential oversold conditions and a possible bounce.
News Sentiment and Fundamental Analysis:
Recent news indicates mixed sentiment:
- TPL is listed as having the greatest downside risk in both VOO and SPY ETFs, suggesting cautious analyst sentiment.
- Insider buying activity shows confidence, with a director purchasing 275 shares recently.
Fibonacci Levels:
- Pivot Point: $1,348.97
- Resistance Levels: $1,436.15, $1,490.01
- Support Levels: $1,261.80, $1,207.94
Prediction and Recommendation:
Based on the analysis, TPL is expected to trade between $1,400 and $1,450 next week. The stock may face resistance at $1,436, which could limit upside potential. Given the mixed technical signals and ETF downside risks, it may be prudent to sell or hold off on buying until clearer bullish momentum is confirmed.
Exact Price Prediction: $1,420
Recommendation: Sell or hold.
TPL Similar Chart Price Prediction
The price of TPL is predicted to go up -1.48%, based on the high correlation periods with EXE. The similarity of these two price pattern on the periods is 91.3%.
TPL
EXE
Down: -1.48%Similarity: 91.3%
