DIAMONDBACK ENERGY INC (FANG) Stock Technical Analysis
NASDAQ:FANG - Nasdaq - US25278X1090 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to FANG. 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
87% of all other stocks performed better in the past year than FANG.
FANG is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 73% of 208 stocks in the same industry do better.
FANG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month FANG has a been trading in the 136.20 - 153.05 range, which is quite wide. It is currently trading near the lows of this range.
FANG has an average volume of 2333740 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, FANG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 137.64, a Stop Loss order could be placed below this zone.
More info and screens
133.20
160.55
We found 2 important support areas.
- A support zone ranging from 137.40 to 137.64. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @134.55 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 142.97 to 144.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 150.18 to 151.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | DOWN | NEGATIVE | The long term trend for FANG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FANG is down. |
| ChartMill Relative Strength | 13.66 | NEGATIVE | FANG has a low relative strength, it was outperformed by 86.34% 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 | MIXED | The current price of FANG is below the rising 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) | 44.82 | NEUTRAL | The RSI value for FANG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.05 | NEGATIVE | The MACD value suggests FANG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.27 | OVERSOLD | The low Stochastics value suggests FANG may be oversold. |
| Average True Range in percent/ATR (20) | 3.07 | MEDIUM VOLATILITY | The ATR as a percentage value for FANG suggests some volalility. |
| Average Directional Index/ADX (14) | 13.7 | 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)
139.98
+1.49 (+1.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.08%
1 Week-3.03%
2 Weeks-7.3%
1 Month2.57%
3 Month-0.81%
6 Month-10.84%
12 Month-28.15%
2 Year-7.77%
3 Year5.03%
5 Year259.29%
10 Year104.98%
15 YearN/A
Volatility
ATR(14)4.64
ATR(20)%3.07%
ATR Inc-30.19%
Range Today2.48
ADR(20)4.13
ADR(20)%2.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.66
Mansfield-2.03
10 Day High152.2
10 Day Low136.2
20 Day High153.05
20 Day Low136.2
52 Week High200.47
52 Week Low114
CS1 End137.64
CR1 Start142.97
Volume & EV
DER(3)-1.09%
DER(5)-0.76%
Volume1.95M
Volume Incr13.1%
Vol(5)2.29M
Vol(50)2.33M