DIAMONDBACK ENERGY INC (FANG) Stock Technical Analysis
NASDAQ:FANG - US25278X1090 - Common Stock
148.76 USD
-0.41 (-0.27%)
148.76 USD
0 (0%)
We assign a technical rating of 4 out of 10 to FANG. FANG has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, FANG is a bad performer in the overall market: 81% of all stocks are doing better.
FANG is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 72% of 209 stocks in the same industry do better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month FANG has a been trading in the 136.20 - 150.12 range, which is quite wide. It is currently trading near the high of this range.
FANG has an average volume of 2053590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
FANG has an average technical rating and it also 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
160.55
3 important support areas can be observed.
- Support @147.64 from a trend line in the daily time frame.
- A support zone ranging from 142.46 to 143.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 134.55 to 140.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @149.05 from a trend line in the weekly time frame.
- A resistance zone ranging from 154.91 to 154.92. 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 | 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 | 19.3 | NEGATIVE | FANG has a low relative strength, it was outperformed by 80.7% off all stocks 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) | DOWN | MIXED | The current price of FANG is above a declining 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) | 60.95 | NEUTRAL | The RSI value for FANG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.03 | POSITIVE | The MACD value suggests FANG has a positive trend. |
| Stochastics (14,3) | 94.47 | OVERBOUGHT | The high Stochastics value suggests FANG may be overbought. |
| Average True Range in percent/ATR (20) | 2.69 | MEDIUM VOLATILITY | The ATR as a percentage value for FANG suggests some volalility. |
| Average Directional Index/ADX (14) | 15.67 | 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)
148.76
-0.41 (-0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.27%
1 Week3.82%
2 Weeks6.09%
1 Month1.79%
3 Month10.56%
6 Month-6.42%
12 Month-23.76%
2 Year-1.99%
3 Year11.61%
5 Year281.83%
10 Year117.84%
15 YearN/A
Volatility
ATR(14)3.3
ATR(20)%2.69%
ATR Inc-27.71%
Range Today1.81
ADR(20)3.89
ADR(20)%2.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.3
Mansfield-1.39
10 Day High150.12
10 Day Low136.41
20 Day High150.12
20 Day Low136.2
52 Week High200.47
52 Week Low114
CS1 End147.64
CR1 Start149.05
Volume & EV
DER(3)0.69%
DER(5)0.94%
Volume1.21M
Volume Incr-25.26%
Vol(5)1.59M
Vol(50)2.05M