Viper Energy Partners LP ($VNOM) Takes On Extraction Oil & Gas, Inc. ($XOG)

2019-08-20 | Welcome! Today we compared how two different stocks in the Oil & Gas Production industry are trading: Viper Energy Partners LP and Extraction Oil & Gas, Inc.. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, Viper Energy Partners LP opened at 28.28, got to a maximum price of 28.56 and dropped to as low as 27.99 before finishing the session at 28.32. In total there were 237000 shares traded, which is enough to conduct our analysis. Compare that now to Extraction Oil & Gas, Inc., which opened at 4.19, had a high of 4.31, a low of 4.09, closed at 4.29 and had a total volume of 3487300.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator Viper Energy Partners LP Extraction Oil & Gas, Inc.
Accumulation-distribution index 115.49234 19.97082
on-balance volume -27.83 -4.12
chaikin money flow

3.07143 2.66667
force index

0.5576 0.0792
ease of movement rating

0.01563 0.00805
volume-price trend

-2.0434 0.09015
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator Viper Energy Partners LP Extraction Oil & Gas, Inc.
Average true range 0.69534 0.17838
Bolinger bands 28.47398 4.2829
Upper bollinger band 26.97662 3.6861
Lower bollinger band

27.99 4.09
Bollinger high band indicator

1.0 1.0
Bollinger high low indicator

1.0 1.0
Central keltner channel

28.27667 4.19667
High band keltner channel

27.99667 4.07667
Low band keltner channel

28.55667 4.31667
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

27.99 4.09
Donchain channel low band

27.99 4.09
Donchain channel high band indicator

1.0 1.0
Donchain channel low band indicator

1.0 1.0

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator Viper Energy Partners LP Extraction Oil & Gas, Inc.
Moving Average Convergence Divergence (MACD) trend_macd -0.00473
MACD signal -0.0066 -0.00263
MACD difference -0.00528 -0.0021
fast Exponential Moving Average (EMA) indicator

27.99 4.09
slow Exponential Moving Average (EMA) indicator

27.99 4.09
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 20.0
ADX negative

20.0 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

0.36731 0.43043

-4.44086 5.70423
Mass Index (MI)

1.0 1.0
Commodity Channel Index (CCI)

-66.66667 -66.66667
Detrended Price Oscillator (DPO)

2.21563 -0.08054
KST Oscillator (KST)

-73.3514 20.08724
KST Oscillator (KST Signal)

-73.3514 20.08724
KST difference

-4.38163 -13.15638
Ichimoku rating

28.42 4.25
Ichimoku B rating

28.42 4.25
Ichimoku visual trend A

30.71025 4.16388
Ichimoku visual trend B

30.29336 4.01942
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

-4.0 -4.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator Viper Energy Partners LP Extraction Oil & Gas, Inc.
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 21.50164 100.0
True Strength Index (TSI) -100.0 100.0
ultimate oscillator

-34.6373 44.61031
stochastic oscillator

203.57143 183.33333
stochastic oscillator signal

203.57143 183.33333
Williams %R rating

103.57143 83.33333
awesome oscillator

0.06878 -0.02717

RETURNS: That’s all for technical analysis. Now let’s just list the returns for Viper Energy Partners LP and Extraction Oil & Gas, Inc..

Daily return -7.33514 2.00872
Daily log return -1.90951 -5.29676
Cumulative return -1.89139 -5.15892

So there you have it: our deep, grueling analysis comparing Viper Energy Partners LP and Extraction Oil & Gas, Inc. together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s Viper Energy Partners LP:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether VNOM is strong or weak. Again – this is not a reliable indication of whether Viper Energy Partners LP is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with Extraction Oil & Gas, Inc.

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Gary Ivenchuck

Gary is a stock trading expert and is responsible for covering technical analysis news on Logistics Business Review. Recently he has been working tirelessly to analyse stocks for our readers, and is always available to hear from people asking for stock analysis.
Gary Ivenchuck

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