Viper Energy Technical Analysis (NASDAQ:VNOM)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The VNOM stock chart pattern can give those who understand technical analysis an indication of which way VNOM stock is headed, but cannot predict with 100% certainty as to what can happen to the Viper Energy stock price.
See Viper Energy bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Viper Energy stock analysis that does not care for the fair value of a company but uses price and volume data only.
Viper Energy Moving Average
Moving averages help predict the price direction of VNOM stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $35.31 is below the price of $38.37.
Viper Energy Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the VNOM stock. Currently the stock price of $38.37 is in the upper range of Viper Energy bollinger bands.
Viper Energy Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Viper Energy MACD indicator is below 0 indicating a bearish trend.
Viper Energy Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 72 is the RSI value of VNOM stock.