The Hourly View for TPL
Currently, TPL (Get Ratings)’s price is up $12.73 (0.87%) from the hour prior. TPL has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Of note is that the 20 hour changed directions on TPL; it is now pointing up. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Out of Trading stocks, TPL ranks 1st in regards to today’s price percentage change.
TPL’s Technical Outlook on the Daily Chart
At the moment, TPL’s price is up $71.86 (5.14%) from the day prior. It’s been a feast for bears operating on the daily timeframe, as TPL has now gone down 4 of the past 5 days. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows TPL’s price action over the past 90 days.
TPL: Daily RSI Analysis
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