VIPER ENERGY INC-CL A (VNOM) Stock Technical Analysis
USA - NASDAQ:VNOM - US64361Q1013 - Common Stock
39.6 USD
0 (0%)
39.6 USD
0 (0%)
We assign a technical rating of 3 out of 10 to VNOM. Recently some decent action could be observed, but in the medium term time frame this is still negative. VNOM was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, VNOM is a bad performer in the overall market: 76% of all stocks are doing better.
VNOM is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 65% of 210 stocks in the same industry do better.
VNOM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month VNOM has a been trading in the 36.44 - 40.53 range, which is quite wide. It is currently trading near the high of this range.
VNOM has an average volume of 2143700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Although the technical rating is bad, VNOM does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 40.32. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 39.26, a Stop Loss order could be placed below this zone.
More info and screens
35.57
42.96
When analyzing the support we can see 3 important areas.
- A support zone ranging from 38.17 to 39.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @37.28 from a horizontal line in the daily time frame.
- A support zone ranging from 35.93 to 36.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @40.32 from a horizontal line in the daily time frame.
- Resistance @41.43 from a horizontal line in the daily time frame.
- Resistance @42.53 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for VNOM is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VNOM is up. |
| ChartMill Relative Strength | 24.71 | NEGATIVE | VNOM has a low relative strength, it was outperformed by 75.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VNOM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VNOM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of VNOM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.72 | NEUTRAL | The RSI value for VNOM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests VNOM has a positive trend. |
| Stochastics (14,3) | 77.4 | NEUTRAL | The Stochastics value for VNOM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.94 | MEDIUM VOLATILITY | The ATR as a percentage value for VNOM suggests some volalility. |
| Average Directional Index/ADX (14) | 12.31 | NEGATIVE | The low ADX value for VNOM suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
39.6
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0%
1 Week4.35%
2 Weeks1.59%
1 Month0.87%
3 Month3.64%
6 Month-10.36%
12 Month-11.7%
2 Year42.07%
3 Year38.21%
5 Year426.73%
10 Year177.19%
15 YearN/A
Volatility
ATR(14)1.11
ATR(20)%2.94%
ATR Inc5.6%
Range Today0.81
ADR(20)1.13
ADR(20)%2.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.71
Mansfield-1.93
10 Day High40.13
10 Day Low36.65
20 Day High40.53
20 Day Low36.44
52 Week High56.76
52 Week Low34.71
CS1 End39.26
CR1 Start40.32
Volume & EV
DER(3)2.27%
DER(5)0.23%
Volume2.46M
Volume Incr30.85%
Vol(5)2.44M
Vol(50)2.14M