DIAMONDBACK ENERGY INC (FANG) Stock Technical Analysis
NASDAQ:FANG - Nasdaq - US25278X1090 - Common Stock - Currency: USD
Taking everything into account, FANG scores 2 out of 10 in our technical rating. FANG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, FANG is a bad performer in the overall market: 85% of all stocks are doing better.
FANG is part of the Oil, Gas & Consumable Fuels industry. There are 211 other stocks in this industry, of which 74% are performing better than FANG.
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 135.86 - 158.00 range, which is quite wide. It is currently trading near the lows of this range.
FANG has an average volume of 2444740 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
FANG has a poor technical rating and the quality of the setup is also not perfect 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
136.03
160.55
3 important resistance areas can be observed.
- A resistance zone ranging from 142.72 to 143.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 151.48 to 152.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 154.92 to 158.96. 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 | 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 | 15.63 | NEGATIVE | FANG has a low relative strength, it was outperformed by 84.37% 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) | 43.04 | NEUTRAL | The RSI value for FANG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.31 | NEGATIVE | The MACD value suggests FANG has a negative trend. |
| Stochastics (14,3) | 10.98 | OVERSOLD | The low Stochastics value suggests FANG may be oversold. |
| Average True Range in percent/ATR (20) | 3.54 | MEDIUM VOLATILITY | The ATR as a percentage value for FANG suggests some volalility. |
| Average Directional Index/ADX (14) | 16.25 | 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)
137.4
-2.37 (-1.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.7%
1 Week-2.66%
2 Weeks-11.3%
1 Month2.12%
3 Month11.37%
6 Month-19.63%
12 Month-32.49%
2 Year4.6%
3 Year13.41%
5 Year228.55%
10 Year82.28%
15 YearN/A
Volatility
ATR(14)4.97
ATR(20)%3.54%
ATR Inc-49.27%
Range Today2.21
ADR(20)4.5
ADR(20)%3.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.63
Mansfield-2.28
10 Day High156.03
10 Day Low136.95
20 Day High158
20 Day Low135.86
52 Week High214.5
52 Week Low114
CS1 EndN/A
CR1 Start140.14
Volume & EV
DER(3)1.8%
DER(5)1.27%
Volume2.39M
Volume Incr-14.53%
Vol(5)2.41M
Vol(50)2.44M