Taking everything into account, FANG scores 8 out of 10 in our technical rating. Although FANG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although FANG has an excellent technical rating, it does not offer a high quality setup 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
133.20
4 important support areas can be observed.
- A support zone ranging from 143.93 to 147.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @139.88 from a trend line in the daily time frame.
- A support zone ranging from 136.87 to 137.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 134.55 to 134.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 158.61 to 159.52. 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 | UP | POSITIVE | The long term trend for FANG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FANG is up. |
| ChartMill Relative Strength | 61.4 | 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) | DOWN | MIXED | The current price of FANG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.98 | NEUTRAL | The RSI value for FANG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.16 | POSITIVE | The MACD value suggests FANG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.6 | OVERBOUGHT | The high Stochastics value suggests FANG may be overbought. |
| Average True Range in percent/ATR (20) | 2.94 | MEDIUM VOLATILITY | The ATR as a percentage value for FANG suggests some volalility. |
| Average Directional Index/ADX (14) | 33.73 | POSITIVE | The high ADX value value for FANG suggests a strong trend. |
158.6
-0.91 (-0.57%)
DIAMONDBACK ENERGY INC / FANG FAQ
What is the ChartMill technical rating of DIAMONDBACK ENERGY INC (FANG) stock?
ChartMill assigns a technical rating of 8 / 10 to FANG.
Can you provide the trend direction for DIAMONDBACK ENERGY INC?
The current trend direction for DIAMONDBACK ENERGY INC (FANG) is Bullish.
What is the RSI signal for FANG stock?
DIAMONDBACK ENERGY INC (FANG) has an RSI value of 67.9799. This indicates that the stock is currently neutral.
What is the MACD signal for DIAMONDBACK ENERGY INC (FANG) stock?
The MACD indicator for DIAMONDBACK ENERGY INC (FANG) has a value of 1.16435, indicating a bullish trend.
What is the short term momentum for DIAMONDBACK ENERGY INC (FANG) stock?
The short term momentum for DIAMONDBACK ENERGY INC (FANG) is positive.