VIPER ENERGY INC (VNOM) Stock Technical Analysis
NASDAQ:VNOM - Nasdaq - US9279591062 - Common Stock - Currency: USD
Overall VNOM gets a technical rating of 2 out of 10. VNOM has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
VNOM is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so VNOM is lagging the market.
VNOM is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 73% of 213 stocks in the same industry.
VNOM has an average volume of 1297970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, VNOM turns out to be only a medium performer in the overall market: it outperformed 58% of all stocks.
In the last month VNOM has a been trading in the 38.69 - 43.71 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
The technical rating of VNOM is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
37.19
51.69
When analyzing the support we can see 3 important areas.
- Support @39.35 from a horizontal line in the daily time frame.
- Support @38.61 from a trend line in the weekly time frame.
- Support @37.57 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 40.84 to 42.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 42.92 to 43.19. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @51.18 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for VNOM is neutral. |
| ChartMill Relative Strength | 58.95 | NEUTRAL | VNOM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of VNOM is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of VNOM is below a declining 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) | 47.09 | NEUTRAL | The RSI value for VNOM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests VNOM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 47.33 | NEUTRAL | The Stochastics value for VNOM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.16 | MEDIUM VOLATILITY | The ATR as a percentage value for VNOM suggests some volalility. |
| Average Directional Index/ADX (14) | 11.16 | 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)
40.19
+0.05 (+0.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.12%
1 Week0.3%
2 Weeks-0.67%
1 Month2.13%
3 Month-2.83%
6 Month-21.21%
12 Month10.38%
2 Year49.8%
3 Year50.64%
5 Year287.93%
10 Year104.11%
15 YearN/A
Volatility
ATR(14)1.13
ATR(20)%3.16%
ATR Inc45.24%
Range Today1.04
ADR(20)1.14
ADR(20)%2.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.95
Mansfield-1.47
10 Day High42.21
10 Day Low38.69
20 Day High43.71
20 Day Low38.69
52 Week High56.76
52 Week Low34.71
CS1 End39.35
CR1 Start40.84
Volume & EV
DER(3)-2.25%
DER(5)-1.89%
Volume2.02M
Volume Incr147.43%
Vol(5)2.34M
Vol(50)1.30M