Taking everything into account, FANG scores 5 out of 10 in our technical rating. In the last year, FANG was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- 70% of all other stocks performed better in the past year than FANG.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month FANG has a been trading in the 139.41 - 156.85 range, which is quite wide. It is currently trading near the high of this range.
- FANG has an average volume of 1798560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- FANG is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 40% of 207 stocks in the same industry.
- FANG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FANG is lagging the market.
Although the technical rating is only medium, FANG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 150.96, a Stop Loss order could be placed below this zone.
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133.17
3 important support areas can be observed.
- A support zone ranging from 148.04 to 150.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 136.87 to 139.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 134.52 to 134.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @154.04 from a trend line in the weekly time frame.
- A resistance zone ranging from 158.61 to 160.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for FANG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FANG is up. |
| ChartMill Relative Strength | 30.88 | NEUTRAL | FANG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FANG is above the rising 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) | UP | POSITIVE | The current price of FANG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.06 | NEUTRAL | The RSI value for FANG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.62 | POSITIVE | The MACD value suggests FANG has a positive trend. |
| Stochastics (14,3) | 77.68 | NEUTRAL | The Stochastics value for FANG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.05 | MEDIUM VOLATILITY | The ATR as a percentage value for FANG suggests some volalility. |
| Average Directional Index/ADX (14) | 19.59 | NEGATIVE | The low ADX value for FANG suggests a weak or negative trend. |
154.02
+2.17 (+1.43%)
DIAMONDBACK ENERGY INC / FANG FAQ
What is the ChartMill technical rating of DIAMONDBACK ENERGY INC (FANG) stock?
ChartMill assigns a technical rating of 5 / 10 to FANG.
What is the current trend direction of DIAMONDBACK ENERGY INC (FANG) stock?
The current trend direction for DIAMONDBACK ENERGY INC (FANG) is Bearish.
What is the RSI signal for FANG stock?
DIAMONDBACK ENERGY INC (FANG) has an RSI value of 56.0606. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for DIAMONDBACK ENERGY INC?
DIAMONDBACK ENERGY INC (FANG) has a support level at 150.96 and a resistance level at 154.04. Check the full technical report for our detailed analysis of FANG support and resistance levels.