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

Auto-detected technical analysis for TPL · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$395.52last close · Aug 4, 202652-week range $269.23 – $547.20 · 27.72% below the high
Falling Wedge · playing out now

TPL just broke higher out of a falling wedge — a brief, tidy pause inside a strong run. That's usually a breather before another push up.

On this chart, setups like it have followed through about 41% of the time.

As long as price stays above $348.5, the setup is intact — a daily close back below there is the cue to step away.

A natural first target sits near $446.0 — but moves like this often run further. The simple way to follow the rest is to stay with the 10-day average, and only step aside when a day closes below it.

TPL Falling Wedge Pattern

TPL is currently forming a falling wedge on the daily timeframe. Detected Aug 4, 2026.

DirectionBullishTarget$445.99Projected move+17.7%Breakout level$379.70

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

How Falling Wedges Have Performed

Win rate
56.2%
Avg return
+0.55R
Backtested trades
8,465
TPL win rate
27.8%

Historical pattern statistics (2006-08-04 – 2026-08-03), 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
TriangleJan 9, 2026 @ $307.00Feb 2, 2026 @ $336.68Win+1.14R
TriangleOct 1, 2025 @ $314.23Oct 10, 2025 @ $296.42Loss-1.44R
TriangleSep 18, 2025 @ $304.53Oct 1, 2025 @ $319.33Loss-1.05R
TriangleApr 3, 2025 @ $430.52Apr 4, 2025 @ $394.01Win+1.09R
TriangleMar 26, 2025 @ $459.96Apr 4, 2025 @ $359.67Loss-1.79R
TriangleMar 12, 2025 @ $438.59Apr 4, 2025 @ $352.48Win+1.76R
Rising WedgeOct 11, 2024 @ $339.37Dec 2, 2024 @ $500.12Win+3.22R
Rising WedgeAug 2, 2024 @ $268.13Aug 23, 2024 @ $286.34Loss-1.09R
Bullish PennantJun 10, 2024 @ $208.07Jun 24, 2024 @ $249.23Win+2.70R
Falling WedgeFeb 1, 2024 @ $159.99Mar 15, 2024 @ $185.17Loss-1.02R
Falling WedgeJan 24, 2024 @ $166.67Feb 1, 2024 @ $161.07Loss-1.01R
Falling WedgeNov 24, 2023 @ $185.09Nov 28, 2023 @ $179.79Loss-1.25R

TPL Support and Resistance Levels

Price is bouncing off a floor near $381.98 and starting to climb. On the weekly chart, the next ceiling overhead sits near $521.13 — about 32% 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 $381.98 floor just now, when price bounced there, but price has already pulled higher. What's left is the climb playing out, not a fresh starting point.

Nearest auto-detected support sits near $377.94, resistance near $431.76. These are chart/swing-derived levels, not formula pivots.

Resistance
$431.76$445.98$527.21
Support
$377.94$368.39$363.64$349.34

TPL Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$405.35$411.46$394.72$395.52
Aug 3, 2026$389.06$406.48$385.33$406.15
Jul 31, 2026$395.36$407.71$394.85$402.58
Jul 30, 2026$386.00$395.84$377.83$394.25
Jul 29, 2026$397.48$399.02$387.77$389.41
Jul 28, 2026$396.04$398.62$387.01$389.42
Jul 27, 2026$415.96$421.16$395.61$396.62
Jul 24, 2026$423.97$429.86$419.03$419.44
Jul 23, 2026$436.93$437.30$422.65$425.55
Jul 22, 2026$420.16$435.32$419.97$433.10

TPL Frequently Asked Questions

What chart pattern is TPL forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a falling wedge on Texas Pacific Land (TPL) on the daily chart, with a measured-move target of $445.99.
Is a falling wedge bullish or bearish?
The falling wedge detected on TPL is a bullish pattern, projecting a measured-move target of $445.99. 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 (8,465 trades over 631 symbols), it resolved in the expected direction 56.2% of the time with an average of +0.55R. These are historical statistics, not a prediction.
What are the support and resistance levels for TPL?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), TPL's nearest support is around $377.94 and nearest resistance around $431.76.
What is the price target if TPL's pattern breaks out?
The detected falling wedge has a geometry-based measured-move target of $445.99 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was TPL's closing price on Aug 4, 2026?
Texas Pacific Land (TPL) last closed at $395.52 on Aug 4, 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.