Stock Analysis: Diamondback Energy Inc (FANG)

Stock Analysis for Diamondback Energy Inc (FANG)

The Interpreter
Hey Friend, I'm analysing DIAMONDBACK ENERGY INC (FANG), and it is between the Support of $ 202.44 (Pivot) and the Resistance of $ 206.88 (PivotR1). The stock is falling and may come close and reach $ 202.44 soon.

Diamondback Energy Inc (FANG)

$ 207.10 +0.9%

Last Close 25-Apr-24

Trade FANG Now

Supports

Next Support: $ 202.44

Pivot: $ 202.44
Fibonacci 61.8%: $ 188.84
Triangle Level (1): $ 182.40

Resistances

Next Resistance: $ 206.88

Pivot R1: $ 206.88
Fibonacci 100%: $ 208.49

Supports and Resistances

Click to Enlarge

Candlesticks, "48-hour" Trade Signals +

Date	Price $	Result %	Candle Name	Side
001 16 Jan 2024	Sell Price: 151.16	Profit: Open Day1 ($ 149.39)	Abandoned Baby	Sell
002 24 Nov 2023	Buy Price: 154.63	Loss: Close Day2 ($ 153.99)	Abandoned Baby	Buy
003 05 Jun 2023	Sell Price: 130.32	Profit: Open Day1 ($ 128.00)	Engulfing	Sell
004 05 Jun 2023	Sell Price: 130.38	Profit: Open Day1 ($ 128.00)	Dark Cloud Cover	Sell
005 12 May 2023	Buy Price: 128.00	Profit: Open Day1 ($ 128.71)	Abandoned Baby	Buy
006One Year Average	Both Sides Result for 5 Signals	Profit: $ 6.54 ($ 1.31 / Signal) +4.7% Gross in 1 Year	All of Them	Buy + Sell

Trading Rules for Candlesticks Patterns.

Buy or Sell on the same day of the signal, during the after-hours trading session.
Watch the Opening and Closing of the next 2 days (4 in total).
Immediately exit the Trade when one of them (Open or Close, Day 1 or 2) gives you a profit.
The table above will show the first Profit opportunity, but not in real-time. Therefore, you must watch the market in real-time with your broker.

Remember: The returns an asset made in the past don't mean that future returns will be the same.

Backtest Lab, "Buy The Dip" Trade Signals +

Find The Lastest Buy Signals for FANG Below.

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The Latest Trade Signals

Moving Averages +

Bought Moving Averages

Sold Moving Averages

Simple Moving Averages (SMA) Period	Value $	Signal	Exponential Moving Averages (EMA) Period	Value $	Signal
2	206.17	BUY	2	206.29	BUY
3	205.57	BUY	3	205.63	BUY
5	204.01	BUY	5	204.80	BUY
8	203.09	BUY	8	204.24	BUY
13	204.34	BUY	13	203.47	BUY
21	203.15	BUY	21	201.46	BUY
34	198.26	BUY	34	197.10	BUY
55	188.97	BUY	55	190.21	BUY
90	175.45	BUY	90	181.66	BUY
200	163.03	BUY	200	167.03	BUY

Company Info +

Name & IPO

Diamondback Energy Inc
IPO: 2012-10-12

Stock Ticker & Exchange

Ticker: FANGIndices: S&P 500,
Exchange: Nasdaq Nms - Global Market (US - USD)

Contact

Website: https://ir.diamondbackenergy.com/
Phone:

Stock Type

Common Stock

SIC Office

Energy & Transportation ()

Industry

Crude Petroleum & Natural Gas

EIN

Fiscal Year End

State of Inc.

Balance Sheets +

in USD millions (if not decimal) - Dictionary

Income Statement +

in USD millions (if not decimal) - Dictionary

Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.