Texas Pacific Land(TPL)

Texas Pacific Land (TPL) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for TPL · data as of Jul 22, 2026. The chart above is live; the read below updates daily.

$433.10last close · Jul 22, 202652-week range $269.23 – $547.20 · 20.85% below the high

TPL Falling Wedge Pattern

TPL is currently forming a falling wedge on the daily timeframe. Detected Jul 22, 2026.

A falling wedge is a brief, tidy pause that typically continues the move higher. A breakout projects a measured-move target near $431.07 (+15.6%). Across 10,683 backtested falling wedges, the setup followed through 56.4% of the time, averaging +0.52R; TPL's own falling wedges have hit 40.0%.

DirectionBullishTarget$431.07Projected move+15.6%Breakout level$371.75

New to this pattern? What a falling wedge is and how to trade it →

TPL's Most Recent Falling Wedge Trade

TPL's most recent completed falling wedge resolved as a win: it broke higher on Jun 24, 2026 near $374.45, then reached its target at $394.57 on Jul 8, 2026 — a 5.4% move (+0.77R) over 9 sessions. Across 91 backtested falling wedges, this setup wins 53.8% of the time.

OutcomeWinResult+5.4%R+0.77REntry$374.45Exit$394.57

Learn about falling wedge

How Falling Wedges Have Performed

Win rate
56.4%
Avg return
+0.52R
Backtested trades
10,683
TPL win rate
40.0%

Historical pattern statistics (1987-01-30 – 2026-07-17), not a prediction.

How these backtests work →

TPL Pattern Trade History

Every completed pattern trade our nightly backtest found on TPL's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Falling WedgeJun 24, 2026 @ $374.45Jul 8, 2026 @ $394.57Win+15.6% · +0.77R
TriangleJan 9, 2026 @ $307.00Feb 2, 2026 @ $336.68Win+13.7% · +1.14R
TriangleOct 1, 2025 @ $314.23Oct 10, 2025 @ $296.42Loss+15.0% · -1.44R
TriangleSep 18, 2025 @ $304.53Oct 1, 2025 @ $319.33Loss+14.6% · -1.05R
TriangleApr 1, 2025 @ $431.73Apr 4, 2025 @ $374.94Win+14.6% · +1.76R
Rising WedgeOct 11, 2024 @ $337.03Dec 2, 2024 @ $500.12Win+17.9% · +3.42R
Bullish PennantSep 19, 2024 @ $301.90Dec 2, 2024 @ $500.12Win+19.6% · +4.27R
Rising WedgeAug 2, 2024 @ $268.13Aug 23, 2024 @ $286.34Loss+11.2% · -1.09R
Bullish PennantJun 10, 2024 @ $208.07Jun 24, 2024 @ $249.23Win+13.9% · +2.70R
Falling WedgeOct 10, 2023 @ $205.53Nov 7, 2023 @ $188.53Loss+10.9% · -1.13R
TriangleSep 22, 2022 @ $195.87Oct 4, 2022 @ $218.89Loss+10.5% · -1.86R
TriangleSep 13, 2022 @ $198.85Oct 4, 2022 @ $218.89Loss+22.6% · -2.14R

Recent Falling Wedges on Other Charts

ALNYhit target +18.8%Jul 22, 2026BAstopped −7.9%Jul 21, 2026BDXhit target +2.8%Jul 21, 2026HIIhit target +13.1%Jul 21, 2026

Learn about falling wedge

TPL Support and Resistance Levels

Price found a floor near $360.36 about 6 weeks ago and has been climbing since. On the weekly chart, the next ceiling overhead sits near $521.13 — still about 20% away.

  • Traders commonly watch $521.13 as a target (its 78.6% extension) — think of it as a sensible next stop, not a guarantee.
  • That ceiling is the first place the climb might pause — worth watching how price behaves as it gets there.
  • There's nothing to act on here — the spot to watch was the $360.36 floor about 6 weeks ago, when price bounced there, but price has already pulled higher. What's left is the climb playing out, not a fresh starting point.

TPL Recent Daily Prices

DateOpenHighLowClose
Jul 22, 2026$420.16$435.32$419.97$433.10
Jul 21, 2026$408.04$420.26$408.00$418.91
Jul 20, 2026$415.35$419.52$405.39$405.87
Jul 17, 2026$422.23$429.78$406.46$415.70
Jul 16, 2026$413.14$423.00$404.19$416.05
Jul 15, 2026$418.93$423.87$410.22$413.44
Jul 14, 2026$410.00$416.44$401.99$415.93
Jul 13, 2026$405.00$416.85$402.40$408.92
Jul 10, 2026$390.00$397.95$385.00$397.82
Jul 9, 2026$393.36$403.30$390.17$390.77

TPL Frequently Asked Questions

What chart pattern is TPL forming right now?
As of Jul 22, 2026, TradingPal's detector identifies a falling wedge on Texas Pacific Land (TPL) on the daily chart, with a measured-move target of $431.07.
Is a falling wedge bullish or bearish?
The falling wedge detected on TPL is a bullish pattern, projecting a measured-move target of $431.07. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a falling wedge pattern, and what is its win rate?
Across TradingPal's backtest of the falling wedge family (10,683 trades over 628 symbols), it resolved in the expected direction 56.4% of the time with an average of +0.52R. These are historical statistics, not a prediction.
What is the price target if TPL's pattern breaks out?
The detected falling wedge has a geometry-based measured-move target of $431.07 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was TPL's closing price on Jul 22, 2026?
Texas Pacific Land (TPL) last closed at $433.10 on Jul 22, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.