DIAMONDBACK ENERGY INC (FANG) Stock Technical Analysis
USA - NASDAQ:FANG - US25278X1090 - Common Stock
142.18 USD
+3.35 (+2.41%)
142.18 USD
0 (0%)
We assign a technical rating of 3 out of 10 to FANG. In the last year, FANG was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
82% of all other stocks performed better in the past year than FANG.
FANG is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry, of which 70% are performing better than FANG.
FANG has an average volume of 2037470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
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 134.30 - 150.12 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
FANG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 145.16. Right above this resistance zone may be a good entry point.
More info and screens
133.17
160.55
When analyzing the support we can see 2 important areas.
- A support zone ranging from 141.29 to 142.13. 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 138.97. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 145.16 to 146.93. 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 | 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 | 18.95 | NEGATIVE | FANG has a low relative strength, it was outperformed by 81.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FANG is above a declining 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) | 52.77 | NEUTRAL | The RSI value for FANG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests FANG has a positive trend. |
| Stochastics (14,3) | 43.31 | NEUTRAL | The Stochastics value for FANG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.87 | MEDIUM VOLATILITY | The ATR as a percentage value for FANG suggests some volalility. |
| Average Directional Index/ADX (14) | 14.62 | 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)
142.18
+3.35 (+2.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg2.41%
1 Week2.72%
2 Weeks4.32%
1 Month-2.13%
3 Month1.72%
6 Month-9.75%
12 Month-16.67%
2 Year-8.2%
3 Year18.03%
5 Year372.05%
10 Year120.09%
15 YearN/A
Volatility
ATR(14)4.15
ATR(20)%2.87%
ATR Inc34.63%
Range Today6.82
ADR(20)3.82
ADR(20)%2.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.95
Mansfield-1.75
10 Day High146.52
10 Day Low134.3
20 Day High150.12
20 Day Low134.3
52 Week High200.47
52 Week Low114
CS1 End142.13
CR1 Start145.16
Volume & EV
DER(3)1.12%
DER(5)1.67%
Volume2.42M
Volume Incr38.41%
Vol(5)2.57M
Vol(50)2.04M