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Archive
- 7/2/2026 -
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Diamondbac (FANG) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Diamondbac (FANG). During the week, the FANG dropped -7.87 points, or -4.37%, and closed at 172.04 on Thursday, July 2, 2026. Weekly volume was 21% above average.
FANG is a member of Energy Sector. Energy is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See FANG long-term trend chart]
A long-term downtrend had started on July 17, 2024 at 214.50 and reached 114.00 on April 9, 2025. FANG lost 100.50 points, or 46.85%, in 38 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (92.83). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.
 Medium-term trend: [See FANG medium-term trend chart]
A medium-term uptrend had started on September 15, 2025 at 134.30 and reached 214.51 on May 4, 2026. FANG gained -80.21 points, or -59.72%, in 33 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 147.24 and resistance is at 234.84. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See FANG weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
The weekly MACD line is below its signal line since June 5, 2026. The distance between MACD and the signal line is relatively high and getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See FANG short-term trend chart]
A short-term downtrend had started on May 4, 2026 at 214.51 and reached 170.10 on July 2, 2026. FANG lost 44.41 points, or 20.70%, in 59 days. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (194.03) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a short-term trend.
 Daily Technical Indicators: [See FANG daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is below its signal line since June 4, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Energy |
2 |
| Industry |
Oil & Gas Exploration & Production |
13 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
211.69 |
| High Date |
06/03/2026 |
| Low |
170.10 |
| Low Date |
07/02/2026 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Support |
| Resistance |
208.02 |
| Support |
194.03 |
| High |
214.51 |
| High Date |
05/04/2026 |
| Low |
170.10 |
| Low Date |
07/02/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
234.84 |
| Support |
147.24 |
| Low |
134.30 |
| Low Date |
09/15/2025 |
| High |
214.51 |
| High Date |
05/04/2026 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
114.00 |
| Low Date |
04/09/2025 |
| High |
214.51 |
| High Date |
05/04/2026 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Symmetric Triangle |
| Status |
Test Resistance |
| Resistance |
92.83 |
| Support |
171.89 |
| High |
214.50 |
| High Date |
07/17/2024 |
| Low |
114.00 |
| Low Date |
04/09/2025 |
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