DIAMONDBACK ENERGY INC (FANG) Stock Technical Analysis
USA - NASDAQ:FANG - US25278X1090 - Common Stock
Overall FANG gets a technical rating of 5 out of 10. In the last year, FANG was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, FANG does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 147.09. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 143.48, a Stop Loss order could be placed below this zone.
More info and screens
133.17
We found 3 important support areas.
- A support zone ranging from 142.17 to 143.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 136.87 to 137.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 134.52 to 134.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 147.09 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 | UP | POSITIVE | The short term trend for FANG is up. |
| ChartMill Relative Strength | 24.85 | NEGATIVE | FANG has a low relative strength, it was outperformed by 75.15% 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) | 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) | 55.7 | NEUTRAL | The RSI value for FANG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.55 | POSITIVE | The MACD value suggests FANG has a positive trend. |
| Stochastics (14,3) | 72.97 | NEUTRAL | The Stochastics value for FANG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.75 | MEDIUM VOLATILITY | The ATR as a percentage value for FANG suggests some volalility. |
| Average Directional Index/ADX (14) | 11.09 | NEGATIVE | The low ADX value for FANG suggests a weak or negative trend. |
146.17
-1.98 (-1.34%)
DIAMONDBACK ENERGY INC / FANG FAQ
What is the ChartMill technical rating of DIAMONDBACK ENERGY INC (FANG) stock?
ChartMill assigns a technical rating of 5 / 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 55.6951. 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 0.545541, 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 positive.