Viper Energy Inc (VNOM) shares traded at a low of $36.04 on Monday, entering oversold territory with a Relative Strength Index (RSI) reading of 29.8. An RSI below 30 indicates oversold conditions, compared to an average RSI of 50.4 among energy stocks and 54.6 for WTI Crude Oil.
Viper Energy’s 52-week range shows a low of $34.71 and a high of $56.76, with the last trade at $36.51, reflecting a 4.3% decrease on the day. Investors may interpret the low RSI as a potential buying opportunity.
