Technical Analysis

Longer Term Trading Plans for TPL

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short TPL slightly under 362.24, target n/a, stop loss @ 363.29 Details

The technical summary data is suggesting a short of TPL as it gets near 362.24, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 363.29. 362.24 is the first level of resistance above 346.45, and by rule, any test of resistance is a short signal. In this case, if resistance 362.24 is being tested, so a short signal would exist.

Swing Trading Plans for TPL

• Buy TPL slightly over 361.69, target 362.24, Stop Loss @ 360.65 Details

If 361.69 begins to break higher, the technical summary data tells us to buy TPL just over 361.69, with an upside target of 362.24. The data also tells us to set a stop loss @ 360.65 in case the stock turns against the trade. 361.69 is the first level of resistance above 346.45, and by rule, any break above resistance is a buy signal. In this case, 361.69, 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 361.69, target 331.69, Stop Loss @ 362.73. Details

The technical summary data is suggesting a short of TPL if it tests 361.69 with a downside target of 331.69. We should have a stop loss in place at 362.73 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, 361.69, 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 355.04, target 361.69, Stop Loss @ 354.21 Details

If 355.04 begins to break higher, the technical summary data tells us to buy TPL just over 355.04, with an upside target of 361.69. The data also tells us to set a stop loss @ 354.21 in case the stock turns against the trade. 355.04 is the first level of resistance above 346.45, and by rule, any break above resistance is a buy signal. In this case, 355.04, 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 355.04, target 341.84, Stop Loss @ 355.87. Details

The technical summary data is suggesting a short of TPL if it tests 355.04 with a downside target of 341.84. We should have a stop loss in place at 355.87 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, 355.04, 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.

TPL Technical Summary | Raw Data for the Trading Plans