DIAMONDBACK ENERGY INC (FANG)
US25278X1090 - Common Stock
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.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, FANG did better than 92% of all other stocks.
FANG is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 88% of 214 stocks in the same industry.
FANG is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so FANG is leading the market.
FANG has an average volume of 1643280 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 196.50 - 211.96 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, FANG also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 204.50, a Stop Loss order could be placed below this zone.
More info and screens
138.60
210.35
6 important support areas can be observed.
- A support zone ranging from 199.59 to 204.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 157.92 to 159.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @154.16 from a trend line in the daily time frame.
- Support @150.43 from a horizontal line in the daily time frame.
- Support @146.92 from a horizontal line in the daily time frame.
- Support @140.00 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 207.11 to 208.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.48
Mansfield2.06
10 Day High211.96
10 Day Low198.05
20 Day High211.96
20 Day Low196.5
52 Week High211.96
52 Week Low123.41
Performance
1 Week3.76%
2 Weeks-0.56%
1 Month5.38%
3 Month32.55%
6 Month29.4%
12 Month45.64%
2 Year64.07%
3 Year153.4%
5 Year94.66%
10 Year187.88%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.78
RSI(14)67.3
LBB199.51
UBB209.49
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 208.28 | 199.58 | 8.70 (4.18%) | 23.94% |
| An entry @208.28. This is a Buy Stop order right above the resistance zone. | An exit @199.58. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 8.70 points, which is 4.18%. | For a 1.00% total portfolio risk, you can invest 23.94% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
DIAMONDBACK ENERGY INC
NASDAQ:FANG (4/25/2024, 5:58:27 PM)
After market: 207 -0.1 (-0.05%)207.1
+1.86 (+0.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.91%
1 Week3.76%
2 Weeks-0.56%
1 Month5.38%
3 Month32.55%
6 Month29.4%
12 Month45.64%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)4.53
ATR(20)%1.97%
ATR Inc
Range Today4.23
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High211.96
10 Day Low198.05
20 Day High211.96
20 Day Low196.5
52 Week High211.96
52 Week Low123.41
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.09M
Volume Incr-3.92%
Vol(5)1.31M
Vol(50)1.64M