Viper Energy Partners LP Stock Forecast
Green day on Friday for Viper Energy Partners LP stock after gaining 0.405%
(Updated on Apr 26, 2024)
The Viper Energy Partners LP stock price gained 0.405% on the last trading day (Friday, 26th Apr 2024), rising from $39.55 to $39.71. During the last trading day the stock fluctuated 1.88% from a day low at $39.01 to a day high of $39.74. The price has fallen in 5 of the last 10 days and is down by -1.71% for this period. Volume fell on the last day by -193 thousand shares and in total, 552 thousand shares were bought and sold for approximately $21.94 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $39.46 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 27.19% during the next 3 months and, with a 90% probability hold a price between $50.19 and $53.94 at the end of this 3-month period.
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VNOM Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -2.67%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The Viper Energy Partners LP stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $39.46 and $38.29. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Viper Energy Partners LP stock
On the downside, the stock finds support just below today's level from accumulated volume at $35.83 and $35.20. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Viper Energy Partners LP finds support just below today's level at $35.83. If this is broken, then the next support from accumulated volume will be at $35.20 and $35.18.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.732 (1.88%) between high and low. For the last week, the stock has had daily average volatility of 2.06%.
Our recommended stop-loss: $38.15 (-3.94%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (VNOM) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Viper Energy Partners LP to open at $39.48, and during the day (based on 14 day Average True Range), to move between $38.87 and $40.55, which gives a possible trading interval of +/-$0.84 (+/-2.12%) up or down from last closing price. If Viper Energy Partners LP takes out the full calculated possible swing range there will be an estimated 4.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $40.14 (1.08%) than the support at $35.83 (9.77%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Viper Energy Partners LP will release earnings AMC on Tuesday, April 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.370. We will update the financials statements for Viper Energy Partners LP, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.42% in the first trading day after earnings release.
Is Viper Energy Partners LP stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Viper Energy Partners LP stock to perform well in the short-term.
Current score: 1.833 Buy Candidate Unchanged
Predicted Opening Price for Viper Energy Partners LP of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$39.48 ( 0.569%) | $39.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VNOM
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 40.22 | 1.28 % | |
R2 | 39.94 | 0.571 % | ||
R1 | 39.76 | 0.136 % | ||
Current price: | 39.71 | |||
Support | S1 | 39.20 | -1.27 % | |
S2 | 39.03 | -1.71 % | ||
S3 | 38.75 | -2.41 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 40.80 | 2.74 % | |
R2 | 40.40 | 1.74 % | ||
R1 | 40.14 | 1.08 % | ||
Current price | 39.71 | |||
Support | S1 | 35.83 | -9.77% | |
S2 | 35.20 | -11.36% | ||
S3 | 35.18 | -11.41% |
VNOM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 20, 2024 | Mar 04, 2024 | Mar 12, 2024 | $0.560 | 1.57% |
2 | Nov 02, 2023 | Nov 15, 2023 | Nov 24, 2023 | $0.570 | 1.84% |
3 | Aug 06, 2023 | Aug 09, 2023 | Aug 17, 2023 | $0.360 | 1.29% |
4 | Aug 05, 2023 | May 10, 2023 | May 18, 2023 | $0.330 | 1.22% |
5 | Feb 15, 2023 | Mar 02, 2023 | Mar 10, 2023 | $0.490 | 1.72% |
FAQ
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