Texas Pacific Land Corp

TPL is exhibiting a bearish pivot point with 9/20 EMAs crossing below the 50-day SMA, signaling failed upside control and structural downside repair. Price sits below both EMAs and the 50-day SMA, confirming selling pressure at the midpoint of its 52-week range. Near-term resistance clusters at the 50-day SMA (~384) and confluence trendline (~393) set the stage for further declines. We therefore advocate selling into any rejection or bounce into these resistance zones, with invalidation only if price reclaims and holds above the 50-day SMA on a sustained basis.

• ↑Q2 revenue reached $246.1M (+31.2% YoY) and free cash flow hit $156M (+20%)
• ↑Orla desalination facility targets hyperscaler demand for produced water
• ↓Trading at 46x P/E vs peers raises valuation risk