After completing its last trading session, Viper Energy Partners LP (NASDAQ:VNOM) spiked up by 0.9% – here is what that looked like (as of 2020-01-06):
What is the cause of all this?? To have a greater insight of what is happening, We ought to analyze some technical indicators. The most interesting and telling are these ones:
A Money Flow Index (MFI) of 24.47, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of -0.026, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.568, an Accumulation/Distribution Index (ADI) of 0.568, an On-Balance Volume (OBV) of 76.226, and a Chaiikin Money Flow (CMF) of -25.81. 1.772
Now let’s take all these indicators into account. According to Trading View, putting it all together gets the following:
So there you have it – our analysis of Viper Energy Partners LP (NASDAQ:VNOM). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.