DIAMONDBACK ENERGY INC (FANG) Technical Analysis
NASDAQ:FANG • US25278X1090
Current stock price
186.47 USD
-9.03 (-4.62%)
At close:
186.47 USD
0 (0%)
After Hours:
FANG Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to FANG. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FANG is showing a nice and steady performance.
- In the last month FANG has a been trading in the 172.81 - 204.91 range, which is quite wide. It is currently trading near the lows of this range.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that FANG is one of the better performing stocks in the market, outperforming 85% of all stocks. On top of that, FANG also shows a nice and consistent pattern of rising prices.
- FANG is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so FANG is performing more or less in line with the market.
- FANG has an average volume of 3225700 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 52% of 209 stocks in the same industry.
FANG Weekly and Daily overview Charts
FANG Setup Rating and Analysis
Although FANG has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
FANG Support and Resistance Analysis
136.03
204.22
4 important support areas can be observed.
- A support zone ranging from 186.46 to 186.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @154.50 from a trend line in the weekly time frame.
- Support @145.05 from a trend line in the daily time frame.
- Strong support @137.40 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 201.85 to 202.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
FANG Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for FANG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FANG is neutral. |
| ChartMill Relative Strength | 85.27 | POSITIVE | FANG has a high relative strength, it outperformed 85.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FANG is below 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) | 48.21 | NEUTRAL | The RSI value for FANG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.45 | NEGATIVE | The MACD value suggests FANG has a negative trend. |
| Stochastics (14,3) | 47.04 | NEUTRAL | The Stochastics value for FANG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.75 | MEDIUM VOLATILITY | The ATR as a percentage value for FANG suggests some volalility. |
| Average Directional Index/ADX (14) | 26.01 | POSITIVE | The high ADX value value for FANG suggests a strong trend. |
FANG Chart- and CandleStick Pattern Analysis
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)
FANG Technicals: Chart, Performance Metrics, Trend & Indicators
186.47
-9.03 (-4.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-4.62%
1 Week-5.72%
2 Weeks-5.37%
1 Month4.54%
3 Month26.5%
6 Month33.36%
12 Month44.54%
2 Year-7.29%
3 Year31.13%
5 Year128.15%
10 Year115.37%
15 YearN/A
Volatility
ATR(14)7.57
ATR(20)%3.75%
ATR Inc95.34%
Range Today12.2
ADR(20)6.07
ADR(20)%3.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.27
3 months CRS93.71
6 months CRS90.21
Mansfield1.71
10 Day High204.91
10 Day Low175.14
20 Day High204.91
20 Day Low172.81
52 Week High204.91
52 Week Low125.87
CS1 End186.46
CR1 Start201.85
Volume & EV
DER(3)-0.88%
DER(5)0.04%
Volume5.40M
Volume Incr-18.59%
Vol(5)3.31M
Vol(50)3.23M
DIAMONDBACK ENERGY INC / FANG TA FAQ
What is the ChartMill technical rating of DIAMONDBACK ENERGY INC (FANG) stock?
ChartMill assigns a technical rating of 10 / 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 Bullish.
What is the RSI signal for DIAMONDBACK ENERGY INC (FANG) stock?
DIAMONDBACK ENERGY INC (FANG) has an RSI value of 48.2118. This indicates that the stock is currently neutral.
What is the short term momentum for DIAMONDBACK ENERGY INC (FANG) stock?
The short term momentum for DIAMONDBACK ENERGY INC (FANG) is neutral.