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Diamondback Energy Stock Forecast NASDAQ:FANG

$106.00 (-0.40%)

Volume: 2M

Closed: Dec 03, 2021

Hollow Logo Score: -2.828

Diamondback Energy Stock Forecast

$106.00 (-0.40%)

Volume: 2M

Closed: Dec 03, 2021

Score Hollow Logo -2.828
Which way will FANG go? Request
Key Stats
P/E Ratio 43.55
Beta 1.56
Trailing Dividend Rate 1.64% ($1.74)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 45 and the stock is currently not being overbought or oversold

Red day on Friday for Diamondback Energy
(Updated on Dec 03, 2021)


Sell candidate since 2021-11-30 Loss -0.68%

The Diamondback Energy stock price fell by -0.40% on the last day (Friday, 3rd Dec 2021) from $106.43 to $106.00. During the day the stock fluctuated 5.33% from a day low at $103.66 to a day high of $109.19. The price has been going up and down for this period, and there has been a -1.82% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -420 thousand shares and in total, 2 million shares were bought and sold for approximately $261.38 million.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $104.08 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 36.27% during the next 3 months and, with a 90% probability hold a price between $141.83 and $170.88 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Diamondback Energy stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $107.68 and $109.43. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, November 08, 2021, and so far it has fallen -8.39%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Tuesday, September 14, 2021 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Tuesday, September 14, 2021 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss

Diamondback Energy finds support from accumulated volume at $103.38 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $5.53 between high and low, or 5.33%. For the last week, the stock has had a daily average volatility of 6.44%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Diamondback Energy stock A Buy?

The Diamondback Energy stock holds several negative signals and despite the positive trend, we believe Diamondback Energy will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.828

Predicted Opening Price for Diamondback Energy of Monday, December 6, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 6, 2021 Current price
$106.28 $106.00 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Nov 30, 2021 "Mizuho" gave "$147.00 - $150.00" rating for FANG. The price target was changed from $109.14 to 0.7%.

Volatility and Risk
Daily Average Volatility: 6.44 %
Overall Risk: Very High High Medium Low Very Low
Volatility
6.44 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $106.73
Price: $106.00
Support: $103.38

FANG Insider Trading Show all Trades

INSIDER POWER

1.363

Last 100 transactions
Buy: 366 336 | Sell: 268 757 (Shares)
Date Action Amount Person Type
Dec 01, 2021 Sell 2 400 Wesson Daniel N Common Stock
Nov 08, 2021 Sell 3 000 Cross Michael P Common Stock
Nov 08, 2021 Sell 8 500 West Steven E Common Stock
Nov 08, 2021 Sell 2 500 Dick Teresa L. Common Stock
Nov 08, 2021 Sell 2 500 Dick Teresa L. Common Stock
Show all Insider Trades
INSIDER POWER

1.363

Last 100 transactions
Buy: 366 336 | Sell: 268 757 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 111.81 5.48 %
109.70 3.49 %
108.40 2.26 %
Current price: 106.00
Support 104.17 -1.73 %
102.87 -2.96 %
100.75 -4.95 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 114.45 7.97 %
109.93 3.71 %
106.73 0.69 %
Current price 106.00
Support 103.38 -2.47%
102.17 -3.61%
82.62 -22.06%

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About Diamondback Energy

Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas. Its activities are primarily focused on the Clearfork, Spraberry, Wolfcamp, Cline, Strawn, and Atoka formations. The company’s net acreage position is approximately 84,683 acres in the Permian Basin. As of December 31, 2015, its est... Read more

Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.

This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!

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