DIAMONDBACK ENERGY INC (FANG) Stock Technical Analysis
USA - NASDAQ:FANG - US25278X1090 - Common Stock
Taking everything into account, FANG scores 2 out of 10 in our technical rating. FANG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, FANG does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 146.57. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 143.03, a Stop Loss order could be placed below this zone.
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133.17
When analyzing the support we can see 2 important areas.
- A support zone ranging from 141.58 to 143.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 134.52 to 137.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 146.57 to 148.25. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 152.50 to 154.92. 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 | NEUTRAL | NEUTRAL | The short term trend for FANG is neutral. |
| ChartMill Relative Strength | 22.31 | NEGATIVE | FANG has a low relative strength, it was outperformed by 77.69% 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) | 52.59 | NEUTRAL | The RSI value for FANG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests FANG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.66 | NEUTRAL | The Stochastics value for FANG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for FANG suggests some volalility. |
| Average Directional Index/ADX (14) | 10.1 | NEGATIVE | The low ADX value for FANG suggests a weak or negative trend. |
143.65
+2.88 (+2.05%)
DIAMONDBACK ENERGY INC / FANG FAQ
What is the ChartMill technical rating of DIAMONDBACK ENERGY INC (FANG) stock?
ChartMill assigns a technical rating of 2 / 10 to FANG.
Can you provide the trend direction for DIAMONDBACK ENERGY INC?
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 52.5946. 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 -0.173356, indicating a bearish trend.
What is the short term momentum for DIAMONDBACK ENERGY INC (FANG) stock?
The short term momentum for DIAMONDBACK ENERGY INC (FANG) is neutral.