DIAMONDBACK ENERGY INC (FANG) Stock Technical Analysis
NASDAQ:FANG - Nasdaq - US25278X1090 - Common Stock - Currency: USD
Taking everything into account, FANG scores 6 out of 10 in our technical rating. 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.
79% of all other stocks performed better in the past year than FANG.
FANG is part of the Oil, Gas & Consumable Fuels industry. There are 208 other stocks in this industry, of which 69% are performing better than FANG.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
FANG has an average volume of 2286620 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.
In the last month FANG has a been trading in the 134.66 - 153.05 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
FANG has an average technical rating and the quality of the presented setup is also not ideal 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
133.19
160.55
We found 3 important support areas.
- A support zone ranging from 146.41 to 146.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 142.56 to 143.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 134.54 to 139.55. 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 151.87 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 | 21.59 | NEGATIVE | FANG has a low relative strength, it was outperformed by 78.41% 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 | NEGATIVE | The current price of FANG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.99 | NEUTRAL | The RSI value for FANG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.71 | POSITIVE | The MACD value suggests FANG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.8 | NEUTRAL | The Stochastics value for FANG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for FANG suggests some volalility. |
| Average Directional Index/ADX (14) | 13.54 | 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)
147.78
+1.64 (+1.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.12%
1 Week1.06%
2 Weeks3.37%
1 Month3.72%
3 Month6.82%
6 Month-11.09%
12 Month-22.7%
2 Year-3.72%
3 Year9.65%
5 Year275.1%
10 Year114%
15 YearN/A
Volatility
ATR(14)3.89
ATR(20)%2.79%
ATR Inc12.97%
Range Today3.36
ADR(20)3.92
ADR(20)%2.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.59
Mansfield-1.54
10 Day High153.05
10 Day Low139.75
20 Day High153.05
20 Day Low134.66
52 Week High202.87
52 Week Low114
CS1 End143.71
CR1 Start146.41
Volume & EV
DER(3)-0.81%
DER(5)-0.74%
Volume2.46M
Volume Incr20.32%
Vol(5)2.20M
Vol(50)2.29M