TPL Technical Analysis

🔺 Technical Setup

🎯 Decision Map

The nearest decision zone is framed by support around 284.98 and resistance near 384.95. A move through resistance would be needed to materially improve the chart, while a break of support would keep the pressure side dominant. Pattern-based invalidation is near 561.35; losing that area would weaken the active formation considerably.

📊 Technical Summary

TPL closed at 378.83 (-15.49%). Price is trading below the 50-day average but still above the 200-day average, which points to medium-term softness inside a still constructive longer-term structure. 20-day momentum is notably weak at -27.82%; price remains inside its roughly 52-week range (273.56–539.79); and ATR14 volatility is elevated at roughly 6.96% of price. RSI(14) sits near 23.9, which signals relatively weak momentum conditions. RSI has been drifting lower recently, suggesting that upside momentum may be cooling slightly. MACD is positioned under the signal line, suggesting momentum recovery has not fully developed yet. The MACD histogram is negative and weakening further, which reflects continued downside pressure. Recent trading volume is running well above its 20-day average, which suggests strong participation behind the latest price moves. The chart is currently flagging Double top. The nearest decision zone is framed by support at 284.98 and resistance at 384.95. A move through resistance would improve the short-term technical tone, while a loss of support would weaken the current structure. The interactive view adds overlays, pattern context and broader chart structure for deeper review.

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