DIAMONDBACK ENERGY INC (FANG) Technical Analysis
NASDAQ:FANG • US25278X1090
Current stock price
200.06 USD
+3.64 (+1.85%)
At close:
200 USD
-0.06 (-0.03%)
After Hours:
FANG Technical Rating and Analysis
Overall FANG gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FANG is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, FANG did better than 85% of all other stocks. We also observe that the gains produced by FANG over the past year are nicely spread over this period.
- FANG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month FANG has a been trading in the 170.55 - 203.15 range, which is quite wide. It is currently trading near the high of this range.
- FANG has an average volume of 3486610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- FANG is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 59% of 209 stocks in the same industry.
- Considerably lower volume is observed in the last couple of days.
FANG Weekly and Daily overview Charts
FANG Setup Rating and Analysis
Although FANG has an excellent technical rating, it does not offer a high quality setup 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
FANG Support and Resistance Analysis
135.47
207.52
5 important support areas can be observed.
- A support zone ranging from 184.09 to 185.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 180.26 to 180.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @156.26 from a trend line in the weekly time frame.
- Support @146.09 from a trend line in the daily time frame.
- Support @136.84 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 201.85 to 202.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @205.47 from a horizontal line in the weekly time frame.
FANG Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for FANG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FANG is up. |
| ChartMill Relative Strength | 85.98 | POSITIVE | FANG has a high relative strength, it outperformed 85.98% 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) | UP | POSITIVE | The current price of FANG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.14 | NEUTRAL | The RSI value for FANG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.73 | POSITIVE | The MACD value suggests FANG has a positive trend. |
| Stochastics (14,3) | 91.38 | OVERBOUGHT | The high Stochastics value suggests FANG may be overbought. |
| Average True Range in percent/ATR (20) | 3.47 | MEDIUM VOLATILITY | The ATR as a percentage value for FANG suggests some volalility. |
| Average Directional Index/ADX (14) | 15.24 | NEGATIVE | The low ADX value for FANG suggests a weak or negative trend. |
FANG Chart- and CandleStick Pattern Analysis
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)
FANG Technicals: Chart, Performance Metrics, Trend & Indicators
200.06
+3.64 (+1.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.85%
1 Week5.41%
2 Weeks7.27%
1 Month0.71%
3 Month22.03%
6 Month39.72%
12 Month46.23%
2 Year-0.53%
3 Year40.69%
5 Year144.78%
10 Year131.07%
15 YearN/A
Volatility
ATR(14)5.7
ATR(20)%3.47%
ATR Inc-41.74%
Range Today4.55
ADR(20)5.84
ADR(20)%2.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.98
3 months CRS91.12
6 months CRS92.48
Mansfield1.88
10 Day High201.15
10 Day Low170.55
20 Day High203.15
20 Day Low170.55
52 Week High204.91
52 Week Low127.75
CS1 End185.67
CR1 Start201.85
Volume & EV
DER(3)1.48%
DER(5)0.25%
Volume1.86M
Volume Incr-43.81%
Vol(5)1.97M
Vol(50)3.49M
DIAMONDBACK ENERGY INC / FANG TA FAQ
What is the ChartMill technical rating of DIAMONDBACK ENERGY INC (FANG) stock?
ChartMill assigns a technical rating of 10 / 10 to FANG.
What is the current trend direction of DIAMONDBACK ENERGY INC (FANG) stock?
The current trend direction for DIAMONDBACK ENERGY INC (FANG) is Bullish.
What is the RSI signal for DIAMONDBACK ENERGY INC (FANG) stock?
DIAMONDBACK ENERGY INC (FANG) has an RSI value of 64.1414. This indicates that the stock is currently neutral.
What is the short term momentum for DIAMONDBACK ENERGY INC (FANG) stock?
The short term momentum for DIAMONDBACK ENERGY INC (FANG) is positive.
What is the buy/sell signal for FANG stock?
The buy/sell signal for DIAMONDBACK ENERGY INC (FANG) is buy as both the short term and long term trends are positive.