DIAMONDBACK ENERGY INC (FANG) Stock Technical Analysis
NASDAQ:FANG - Nasdaq - US25278X1090 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to FANG. FANG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, FANG is a bad performer in the overall market: 85% of all stocks are doing better.
FANG is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 76% of 211 stocks in the same industry do better.
FANG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
FANG has an average volume of 2383410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month FANG has a been trading in the 135.99 - 158.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
FANG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 143.83, a Stop Loss order could be placed below this zone.
More info and screens
136.02
160.55
We found 2 important support areas.
- A support zone ranging from 139.99 to 143.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @137.39 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 150.22 to 150.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 154.92 to 155.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @158.96 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for FANG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FANG is neutral. |
| ChartMill Relative Strength | 15.1 | NEGATIVE | FANG has a low relative strength, it was outperformed by 84.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FANG is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FANG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FANG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.48 | NEUTRAL | The RSI value for FANG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests FANG has a positive trend. |
| Stochastics (14,3) | 44.84 | NEUTRAL | The Stochastics value for FANG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for FANG suggests some volalility. |
| Average Directional Index/ADX (14) | 10.47 | NEGATIVE | The low ADX value for FANG suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
144.33
+1.3 (+0.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.91%
1 Week2.43%
2 Weeks2.46%
1 Month-3.08%
3 Month11.88%
6 Month-17.42%
12 Month-29.31%
2 Year-2.03%
3 Year12.74%
5 Year262.09%
10 Year114.46%
15 YearN/A
Volatility
ATR(14)4.33
ATR(20)%3.24%
ATR Inc-17.53%
Range Today3.52
ADR(20)4.48
ADR(20)%3.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.1
Mansfield-1.9
10 Day High145.46
10 Day Low135.99
20 Day High158
20 Day Low135.99
52 Week High214.5
52 Week Low114
CS1 End143.83
CR1 Start150.22
Volume & EV
DER(3)1.99%
DER(5)1.14%
Volume1.33M
Volume Incr-36.76%
Vol(5)1.71M
Vol(50)2.38M