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Stock Charts AI Power Rank: 9.4
Power Rank trend -> Rising
07/08/2024 10:56:00 EST
Diamondback Energy Inc (FANG)
Industry: Oil & Gas E&P
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, FANG has been trading in a range between $203.71 and $185.97 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
FANG is trading below resistance at $208.26, about 3% to the upside. There is support at $197.67 -2% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Diamondback Energy Inc $FANG entered a Green zone 9 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $180.5, a potential down side of -11.32% from the recent price of 203.53. The stock is trading 3.12% (potential upside) below its 52 week high of $209.88 and 62.43 % (potential downside) above its 52 week low of $125.30 - based on the recent price.
Company Summary
Diamondback Energy, Inc, an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. It focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico.
News
| 3 Stocks to Buy if the S&P 500 Retraces Its Gains to October Lows The S&P 500 is booming. The popular benchmark index is up 16% this year and is 44% higher since the start of 2023. Source: InvestorPlace Fri, 05 Jul 2024 13:41:02 -0400 Sentiment: Positive |
| Energy Stocks: Winners And Losers At The Beginning Of H2 2024 The energy sector underperformed the S&P500 in Q2 2024, continuing a trend that started earlier, and this is likely to continue heading into H2 2024. There are a number of factors that seem to be weighing on the energy sector, although some stocks are affected more than others. Crude oil is hemmed in between two opposing forces, which are both trying to impose their influence on prices. Source: Seeking Alpha Thu, 04 Jul 2024 07:32:20 -0400 Sentiment: Negative |
| Diamondback Energy Trends To Buy Point, Record High On Rising Oil Prices Ahead Of Busy July 4 Holiday Diamondback Energy climbs on rising oil prices, an expected record Independence Day holiday. FANG stock eyes a buy point at record highs. Source: Investors Business Daily Tue, 02 Jul 2024 14:43:27 -0400 Sentiment: Positive |
| Why the Market Dipped But Diamondback Energy (FANG) Gained Today Diamondback Energy (FANG) concluded the recent trading session at $200.19, signifying a +0.5% move from its prior day's close. Source: Zacks Investment Research Fri, 28 Jun 2024 19:20:58 -0400 Sentiment: Positive |
| While The Tech Sector Corrects, Energy Quietly Rises: 5 Stocks For Your Watch List Over the past five days, the S&P 500 index dipped by 0.17%. The technology sector, represented by the SPDR Select Sector Fund – Technology XLK, declined by 2.23%. Source: Benzinga Thu, 27 Jun 2024 15:26:12 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 209.8802 52 Week Low: 127.3945 Beta: 1.889 50 Day MA: 197.3602 200 Day MA: 174.7101 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.102 Qtr Revenue Growth YOY: 0.174 Forward PE: 11.5207 Trailing PE: 11.4665