VIPER ENERGY INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	VNOM
ISIN:

VIPER ENERGY INC. - Daily - Technical analysis published on 08/07/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Bearish

De fond: Bearish

Technical indicators

28%

44%

My opinion

Bearish under 30.68 USD

My targets

29.37 USD (-1.51%)

26.87 USD (-9.89%)

My analysis

All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on VIPER ENERGY PARTNERS LP as long as the price remains well below 30.68 USD. The next bearish objective for sellers is set at 29.37 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 26.87 USD. If there is any crossing, the next objective would be the support located at 22.95 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The VIPER ENERGY PARTNERS LP price is 29.82 USD. The price is lower by -1.45% since the last closing with the lowest point at 29.49 USD and the highest point at 31.00 USD. The deviation from the price is +1.12% for the low point and -3.81% for the high point.

29.49

31.00

29.82

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of VIPER ENERGY PARTNERS LP indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near resistance of triangle

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	22.95	26.87	29.37	29.82	30.68	32.59	34.82
Change (%)	-23.04%	-9.89%	-1.51%	-	+2.88%	+9.29%	+16.77%
Change	-6.87	-2.95	-0.45	-	+0.86	+2.77	+5.00
Level	Intermediate	Intermediate	Minor	-	Minor	Intermediate	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28.01	28.89	29.58	30.46	31.14	32.02	32.71
Camarilla	29.83	29.97	30.12	30.26	30.40	30.55	30.69
Woodie	27.91	28.84	29.48	30.41	31.04	31.97	32.61
Fibonacci	28.89	29.49	29.86	30.46	31.06	31.43	32.02

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	25.62	27.26	29.43	31.07	33.24	34.88	37.05
Camarilla	30.54	30.89	31.24	31.59	31.94	32.29	32.64
Woodie	25.88	27.39	29.69	31.20	33.50	35.01	37.31
Fibonacci	27.26	28.72	29.62	31.07	32.53	33.43	34.88

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	25.93	27.38	29.82	31.27	33.71	35.16	37.60
Camarilla	31.19	31.55	31.90	32.26	32.62	32.97	33.33
Woodie	26.43	27.63	30.32	31.52	34.21	35.41	38.10
Fibonacci	27.38	28.87	29.78	31.27	32.76	33.67	35.16

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	46.40
MACD (12,26,9):	0.1800
Directional Movement:	-1.73
AROON (14):	42.86
DEMA (21):	30.63
Parabolic SAR (0,02-0,02-0,2):	29.44
Elder Ray (13):	-0.23
Super Trend (3,10):	29.06
Zig ZAG (10):	29.82
VORTEX (21):	0.8900
Stochastique (14,3,5):	44.39
TEMA (21):	30.72
Williams %R (14):	-74.55
Chande Momentum Oscillator (20):	-0.39
Repulse (5,40,3):	-5.0300
ROCnROLL:	2
TRIX (15,9):	0.1000
Courbe Coppock:	0.45

MA7:	30.76
MA20:	30.46
MA50:	29.52
MA100:	31.10
MAexp7:	30.54
MAexp20:	30.38
MAexp50:	30.29
MAexp100:	30.75
Price / MA7:	-3.06%
Price / MA20:	-2.10%
Price / MA50:	+1.02%
Price / MA100:	-4.12%
Price / MAexp7:	-2.36%
Price / MAexp20:	-1.84%
Price / MAexp50:	-1.55%
Price / MAexp100:	-3.02%

News

Don"t forget to follow the news on VIPER ENERGY PARTNERS LP. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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