Technical Analysis for MNRL - Brigham Minerals, Inc.

Grade Last Price % Change Price Change
grade F 11.51 4.45% 0.49
MNRL closed up 4.45 percent on Friday, July 10, 2020, on 84 percent of normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down
Historical MNRL trend table...

Date Alert Name Type % Chg
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Stochastic Reached Oversold Weakness 4.45%
Below Lower BB Weakness 4.45%
Down 3 Days in a Row Weakness 4.45%
Down 4 Days in a Row Weakness 4.45%
Lower Bollinger Band Touch Weakness 4.45%
Oversold Stochastic Weakness 4.45%
Down 3 Days in a Row Weakness -0.95%
NR7 Range Contraction -2.79%

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Profile

Brigham Minerals is an Austin, TX based company that acquires and actively manages a portfolio of mineral and royalty interests in the core of some of the most active, highly economic, liquids-rich resource basins across the continental United States, including the Permian Basin in Texas and New Mexico, the SCOOP and STACK plays in the Anadarko Basin of Oklahoma, the Denver-Julesburg (“DJ”) Basin in Colorado and Wyoming, and the Williston Basin in North Dakota. Brigham Minerals’ primary business objective is to maximize risk-adjusted total return to its shareholders by both capturing organic growth in free cash flow from the continued development of its existing portfolio of undeveloped horizontal drilling locations unburdened by development capital expenditures or lease operating expenses, as well as leveraging its highly experienced technical evaluation team to continue to execute upon its scalable business model of sourcing, methodically evaluating and integrating accretive minerals acquisitions in the core of these top-tier, liquids-rich resource plays.
Permian Basin Anadarko Basin Structural Basin Williston Basin Geology Of Kansas Geology Of Oklahoma

Is MNRL a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 23.29
52 Week Low 5.86
Average Volume 531,896
200-Day Moving Average 15.57
50-Day Moving Average 12.88
20-Day Moving Average 12.24
10-Day Moving Average 11.91
Average True Range 0.78
ADX 15.71
+DI 16.17
-DI 28.28
Chandelier Exit (Long, 3 ATRs ) 12.37
Chandelier Exit (Short, 3 ATRs ) 13.25
Upper Bollinger Band 13.38
Lower Bollinger Band 11.11
Percent B (%b) 0.18
BandWidth 18.57
MACD Line -0.38
MACD Signal Line -0.27
MACD Histogram -0.1085
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 12.56
Resistance 3 (R3) 12.48 12.05 12.39
Resistance 2 (R2) 12.05 11.78 12.09 12.33
Resistance 1 (R1) 11.78 11.62 11.92 11.86 12.27
Pivot Point 11.35 11.35 11.42 11.39 11.35
Support 1 (S1) 11.08 11.08 11.22 11.16 10.75
Support 2 (S2) 10.65 10.92 10.69 10.69
Support 3 (S3) 10.38 10.65 10.64
Support 4 (S4) 10.46