RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of FANG
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Green day on Thursday for Diamondback stock after gaining 0.83%
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 20, 2024 Gain 11.29% PDF

The Diamondback stock price gained 0.83% on the last trading day (Thursday, 28th Mar 2024), rising from $196.53 to $198.17. During the last trading day the stock fluctuated 1.02% from a day low at $196.50 to a day high of $198.51. The price has risen in 9 of the last 10 days and is up by 4.58% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 140 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $208.54 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 32.65% during the next 3 months and, with a 90% probability hold a price between $240.10 and $278.85 at the end of this 3-month period.

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FANG Signals & Forecast

Mostly positive signals in the chart today. The Diamondback stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $195.36 and $182.01. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 04, 2024, and so far it has risen 10.78%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Monday, February 05, 2024 with a target of $159.49. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.

Support, Risk & Stop-loss for Diamondback stock

On the downside, the stock finds support just below today's level from accumulated volume at $178.52 and $169.86. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Diamondback finds support just below today's level at $178.52. If this is broken, then the next support from accumulated volume will be at $169.86 and $165.98.

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 $2.01 between high and low, or 1.02%. For the last week, the stock has had daily average volatility of 1.33%.

The Diamondback stock is extremely overbought on RSI14 (88). This increases the short-term risk substantially.

Our recommended stop-loss: $188.64 (-4.81%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 88 and this increases the risk substantially. There is a buy signal from a pivot bottom found 18 days ago.)

Trading Expectations (FANG) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Diamondback Energy to open at $197.73, and during the day (based on 14 day Average True Range), to move between $195.01 and $201.33, which gives a possible trading interval of +/-$3.16 (+/-1.60%) up or down from last closing price. If Diamondback Energy takes out the full calculated possible swing range there will be an estimated 3.19% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $178.52, some $19.65 (9.92%) from the current price of $198.17, our system finds the risk reward attractive.

Is Diamondback Energy stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Diamondback stock to perform well in the short-term.

Current score: 4.475 Buy Candidate Unchanged

Predicted Opening Price for Diamondback Energy of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$197.73 ( 0.224%) $198.17

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

Trading levels for FANG

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 199.74 0.791 %
R2 198.97 0.403 %
R1 198.49 0.164 %
Current price: 198.17
Support S1 196.96 -0.611 %
S2 196.48 -0.85 %
S3 195.72 -1.24 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 198.17
Support S1 178.52 -9.92%
S2 169.86 -14.29%
S3 165.98 -16.24%

FANG Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 15, 2024 Mar 04, 2024 Mar 12, 2024 $3.08 1.67%
2 Nov 02, 2023 Nov 15, 2023 Nov 24, 2023 $3.36 2.17%
3 Aug 06, 2023 Aug 09, 2023 Aug 17, 2023 $0.84 0.569%
4 Aug 05, 2023 May 10, 2023 May 18, 2023 $0.83 0.645%
5 Feb 16, 2023 Mar 02, 2023 Mar 10, 2023 $2.95 2.17%

FAQ

What is the symbol for Diamondback Stock and on which exchange is it traded?
The symbol for Diamondback is FANG and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Diamondback Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Diamondback stock to perform well in the short-term.

How to buy Diamondback Stock?
Diamondback Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Diamondback Stock.

What's the current price of Diamondback Stock?
As of the end of day on the 2024-03-28, the price of an Diamondback (FANG) share was $198.17.

What is the 52-week high and low for Diamondback Stock?
The 52-week high for Diamondback Stock is $198.51 and the 52-week low is $123.41.

What is the market capitalization of Diamondback Stock?
As of the 2024-03-28, the market capitalization of Diamondback is 35.363B.

When is the next earnings date for Diamondback?
The upcoming earnings date for Diamondback is Apr 30, 2024.
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About Diamondback Energy

Diamondback Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and 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 ... FANG Profile

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