NASDAQ · EQUITY · ENHANCED MARKET DYNAMICS

VNOM

Viper Energy Ut

US · Energy · Oil & Gas Midstream

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EMD SCORE47/100

CURRENT COMPLETED-WEEK READ

Balanced

Constructive and cautious evidence are close enough to require confirmation. Conditions are cautious and have weakened over the latest four completed weeks.

Deterioration0% directional agreement68/100 evidence quality6/6 sources available

Completed week: 9 Oct 2026
Latest close: USD 42.99
Evidence: 156 weeks

Four-week EMD change-4.7 pts

signed chart scale −100 to +100

Four-week price-3.8%

completed closing prices

Current directional run7 weeks

on the same side of EMD zero

Recent consistency4/13

recent readings above zero

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

2 supportive · 2 cautious

Enhanced Market Dynamics and the price cycle156 completed weeks · bars use the left EMD axis; price uses the right axis.

20 Oct 2023–9 Oct 2026

Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation

Confirmation markers describe price-zone departures within this saved history. Earlier markers can change as the history changes; they are not a record of signals available in real time.

Cycle position 75%Current EMD -6.24-week EMD change -4.7Full saved history price range USD 24.15–51.97

View chart values · 156 observations

Week	Close · USD	EMD −100 to +100	Score /100	Agreement %	Coverage %
2023-10-20	25.16	28.36	64	50	83
2023-10-27	24.41	18.73	59	20	83
2023-11-03	24.15	15.71	58	20	83
2023-11-10	25.71	44.74	72	67	100
2023-11-17	26.43	45.1	73	67	100
2023-11-24	26.95	49.76	75	67	100
2023-12-01	26.64	41.13	71	60	100
2023-12-08	26.19	36.81	68	60	100
2023-12-15	26.54	42.3	71	67	100
2023-12-22	27.33	36.36	68	60	100
2023-12-29	27.27	33.31	67	33	100
2024-01-05	27.31	44.85	72	60	100
2024-01-12	27.23	41.06	71	60	100
2024-01-19	26.71	31.23	66	60	100
2024-01-26	27.22	38.07	69	67	100
2024-02-02	27.16	32.49	66	60	100
2024-02-09	27.56	35.1	68	67	100
2024-02-16	30.76	72.1	86	100	100
2024-02-23	31.30	64.88	82	100	100
2024-03-01	31.83	70.18	85	100	100
2024-03-08	31.03	47.31	74	67	100
2024-03-15	31.61	70.93	85	100	100
2024-03-22	33.16	76.49	88	100	100
2024-03-29	33.93	80.19	90	100	100
2024-04-05	34.61	80.37	90	100	100
2024-04-12	35.64	77.88	89	100	100
2024-04-19	34.44	62.92	81	67	100
2024-04-26	35.03	73.71	87	100	100
2024-05-03	33.18	55.48	78	67	100
2024-05-10	33.33	59.44	80	100	100
2024-05-17	33.76	58.49	79	100	100
2024-05-24	33.89	45.9	73	100	100
2024-05-31	34.47	52.28	76	100	100
2024-06-07	32.63	27.54	64	60	100
2024-06-14	32.20	9.79	55	0	100
2024-06-21	32.24	10.95	55	20	100
2024-06-28	33.63	30.78	65	67	100
2024-07-05	34.94	33.18	67	60	100
2024-07-12	35.51	41.02	71	100	100
2024-07-19	38.47	68.64	84	100	100
2024-07-26	37.91	61.97	81	100	100
2024-08-02	36.07	48.44	74	67	100
2024-08-09	40.70	79.22	90	100	100
2024-08-16	42.55	74.67	87	100	100
2024-08-23	43.06	75.48	88	100	100
2024-08-30	43.23	75.26	88	100	100
2024-09-06	41.41	60.17	80	67	100
2024-09-13	39.02	39.62	70	67	100
2024-09-20	41.47	74.85	87	100	100
2024-09-27	40.74	47.8	74	67	100
2024-10-04	45.61	80.21	90	100	100
2024-10-11	47.31	79.44	90	100	100
2024-10-18	46.58	73.41	87	100	100
2024-10-25	47.52	75.28	88	100	100
2024-11-01	47.37	72.87	86	100	100
2024-11-08	49.45	73.46	87	100	100
2024-11-15	46.72	54.74	77	67	100
2024-11-22	51.97	79.1	90	100	100
2024-11-29	49.73	60.48	80	67	100
2024-12-06	46.88	50.23	75	67	100
2024-12-13	47.04	59.42	80	100	100
2024-12-20	43.78	23.8	62	60	100
2024-12-27	44.16	28.52	64	60	100
2025-01-03	46.93	41.79	71	67	100
2025-01-10	45.63	23.87	62	20	100
2025-01-17	47.21	41.57	71	67	100
2025-01-24	43.80	6.66	53	0	100
2025-01-31	43.10	3.98	52	0	100
2025-02-07	45.38	27.27	64	60	100
2025-02-14	45.41	8.43	54	0	100
2025-02-21	44.41	-4.79	48	50	100
2025-02-28	42.80	-5.48	47	33	100
2025-03-07	38.60	-35.23	32	67	100
2025-03-14	40.41	-10.01	45	20	100
2025-03-21	41.28	-13.5	43	20	100
2025-03-28	41.25	-12.14	44	20	100
2025-04-04	35.13	-33.81	33	67	100
2025-04-11	35.08	-35.88	32	60	100
2025-04-18	38.61	-16.26	42	0	100
2025-04-25	38.81	-25.03	37	33	100
2025-05-02	39.28	-17.81	41	0	100
2025-05-09	37.87	-28.72	36	50	100
2025-05-16	39.14	-35.96	32	60	100
2025-05-23	37.54	-45.47	27	100	100
2025-05-30	37.56	-44.51	28	100	100
2025-06-06	39.11	-16.85	42	0	100
2025-06-13	40.24	-13.64	43	0	100
2025-06-20	38.53	-27.27	36	50	100
2025-06-27	36.17	-37.13	31	60	100
2025-07-04	36.01	-28.94	36	50	100
2025-07-11	36.50	-16.7	42	20	100
2025-07-18	36.63	-21.32	39	20	100
2025-07-25	35.87	-29.55	35	50	100
2025-08-01	34.63	-37.6	31	67	100
2025-08-08	35.78	-30.03	35	50	100
2025-08-15	36.25	-24.32	38	20	100
2025-08-22	37.41	-5.52	47	0	100
2025-08-29	38.23	-7.77	46	0	100
2025-09-05	35.76	-27.26	36	50	100
2025-09-12	37.00	-12.85	44	0	100
2025-09-19	35.88	-25.41	37	60	100
2025-09-26	38.10	-5.87	47	33	100
2025-10-03	37.42	-5.79	47	33	100
2025-10-10	35.10	-26.01	37	50	100
2025-10-17	34.87	-20.58	40	33	100
2025-10-24	35.75	-25.24	37	100	100
2025-10-31	36.03	-17.09	41	33	100
2025-11-07	36.02	-11.33	44	0	100
2025-11-14	36.98	-6.91	47	0	100
2025-11-21	35.07	-22.49	39	50	100
2025-11-28	35.59	-14.16	43	0	100
2025-12-05	39.61	9.97	55	67	100
2025-12-12	39.30	6.7	53	50	100
2025-12-19	36.94	-5.89	47	0	100
2025-12-26	37.13	0.29	50	20	100
2026-01-02	37.78	11.93	56	50	100
2026-01-09	35.60	-4.34	48	20	100
2026-01-16	35.99	-7.95	46	0	100
2026-01-23	38.61	25.13	63	67	100
2026-01-30	41.25	43.0	71	67	100
2026-02-06	41.79	57.7	79	100	100
2026-02-13	43.11	68.57	84	100	100
2026-02-20	44.47	74.37	87	100	100
2026-02-27	45.35	72.4	86	100	100
2026-03-06	43.48	45.82	73	67	100
2026-03-13	43.63	66.75	83	100	100
2026-03-20	47.41	81.93	91	100	100
2026-03-27	47.18	76.07	88	100	100
2026-04-03	45.82	70.76	85	100	100
2026-04-10	44.49	56.18	78	67	100
2026-04-17	44.76	51.69	76	100	100
2026-04-24	46.90	60.92	80	100	100
2026-05-01	49.20	69.27	85	100	100
2026-05-08	46.13	35.22	68	33	100
2026-05-15	48.98	62.54	81	100	100
2026-05-22	46.89	34.02	67	60	100
2026-05-29	45.50	18.95	59	50	100
2026-06-05	45.46	19.21	60	20	100
2026-06-12	44.38	8.38	54	20	100
2026-06-19	43.21	0.37	50	0	100
2026-06-26	42.57	-5.4	47	20	100
2026-07-03	40.75	-25.24	37	67	100
2026-07-10	41.36	-15.02	42	20	100
2026-07-17	43.67	1.04	51	0	100
2026-07-24	44.41	3.6	52	0	100
2026-07-31	43.90	3.76	52	0	100
2026-08-07	40.17	-32.18	34	67	100
2026-08-14	42.29	-15.96	42	33	100
2026-08-21	45.27	3.81	52	0	100
2026-08-28	44.18	-9.68	45	60	100
2026-09-04	44.39	-3.74	48	20	100
2026-09-11	44.71	-1.5	49	33	100
2026-09-18	42.27	-27.89	36	60	100
2026-09-25	40.93	-27.65	36	50	100
2026-10-02	40.64	-22.13	39	50	100
2026-10-09	42.99	-6.21	47	0	100

SIX SOURCES · LAST 26 OBSERVATIONS

Is support broadening or thinning?

Green is supportive, rose is cautious.
Grey means the reading is unavailable.

Reading	17 Apr	24 Apr	1 May	8 May	15 May	22 May	29 May	5 Jun	12 Jun	19 Jun	26 Jun	3 Jul	10 Jul	17 Jul	24 Jul	31 Jul	7 Aug	14 Aug	21 Aug	28 Aug	4 Sep	11 Sep	18 Sep	25 Sep	2 Oct	9 Oct
Trend	97	99	100	97	99	97	93	91	83	71	63	13	17	35	39	33	7	16	40	29	30	33	14	8	7	21
Momentum	69	76	87	78	87	68	53	65	52	45	46	41	46	61	63	62	44	42	57	56	69	68	46	44	46	54
Underlying pressure	90	87	87	85	84	76	60	53	42	35	31	27	24	23	25	27	27	27	29	30	35	41	43	44	43	46
Price & volume	47	58	60	38	61	38	45	34	39	47	29	36	56	62	52	67	25	62	68	43	44	43	14	30	54	72
Relative strength	61	72	83	40	67	45	25	42	27	15	22	12	12	38	51	44	9	15	44	33	34	39	19	8	7	15
Modeled Trend	91	91	90	90	90	90	89	89	89	89	89	88	87	86	85	83	82	79	78	76	74	72	70	68	66	67

Each cell is a finished component score from 0–100. Components can disagree even when the combined reading stays positive.

STRONGEST CURRENT SOURCE

Price & volume

72/100

LEAST SUPPORTIVE SOURCE

Relative strength

15/100

WHAT WOULD CHANGE THE READ?

Three paths to keep in view

Conditional research scenarios.
No assumed price target or timing.

Continuation

Price and evidence stay together

Further price weakness alongside cautious trend, pressure and relative strength would support the current defensive read.

Change of direction

Repair needs follow-through

Improving EMD while price still falls is an early observation. A turn in price and broader agreement would strengthen a repair case.

Cycle context

A range extreme is a location

An upper zone can persist during a strong advance; a lower zone can persist during a decline. Use departures, EMD direction and the related price charts together.

EARLIER COMPARABLE READINGS

What followed similar conditions?

Same ticker · similar score and direction of change.
Returns exclude costs and dividends.

4 WEEKS LATER-0.3%

Median price return · 10 non-overlapping examples

Observed range: -7.0% to +17.4%
Positive returns: 50%
All-period comparison: +1.4% median

13 WEEKS LATER-3.8%

Median price return · 5 non-overlapping examples

Observed range: -15.5% to +25.0%
Positive returns: 40%
All-period comparison: +2.0% median

How these comparisons are selected

Earlier observations must have the same constructive/fading/repair/deterioration condition, a score within ten points of today’s score and at least the same component coverage. The first 30 observations are omitted for warm-up; examples are spaced by the forward horizon to avoid overlap. Gapped return windows are excluded. The all-period comparison uses the same available history and spacing, without matching the current state. These are reconstructed observations, not a point-in-time strategy backtest or a forecast.

RECENT CYCLE HISTORY

How the current reading developed

12 Jun 2026Down-cycle confirmedUSD 44.38

24 Jan 2025Down-cycle confirmedUSD 43.80

7 Jun 2024Down-cycle confirmedUSD 32.63

12 Apr 2024Upper cycle zone confirmedUSD 35.64

THE FULL PRICE CYCLE

Follow the journey from one zone to the other

Cycle states use trailing completed-week observations.

Lower zone

Price establishes residence near the bottom of its long-cycle range. Improving EMD separates early repair from continued deterioration.

Upward journey

Price leaves the lower zone while EMD confirms improving participation. The objective is the broader move toward the upper zone, not a short weekly trade.

Upper zone

Price establishes residence near the top of its long-cycle range. A high range position can persist. Watch EMD for exhaustion and loss of support before interpreting it as a turn.

Downward journey

Price leaves the upper zone while EMD weakens. The reverse cycle remains active until lower-zone residence is confirmed again.

CURRENT READINGS