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Archive
- 9/18/2026 -
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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 -12.55 points, or -6.12%, and closed at 192.42 on Friday, September 18, 2026. Weekly volume was 178% above average.
FANG is a member of Energy Sector. Energy is the most overbought 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 uptrend had started on April 9, 2025 at 114.00 and reached 216.90 on August 20, 2026. FANG gained -102.90 points, or -90.26%, in 71 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 180.06 and resistance is at 238.69. 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 long-term trend.
 Medium-term trend: [See FANG medium-term trend chart]
A medium-term uptrend had started on July 2, 2026 at 170.10 and reached 216.90 on August 20, 2026. FANG gained -46.80 points, or -27.51%, in 7 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (201.84) is broken. A broken support is considered to be a long-term bearish signal. 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 medium-term trend.
 Weekly Technical Indicators: [See FANG weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since June 5, 2026. The distance between MACD and the signal line is low, but 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 September 15, 2026 at 213.31 and reached 190.92 on September 17, 2026. FANG lost 22.39 points, or 10.50%, in 2 days. The price is now at the 6.70% retracement level.
Daily Technical Indicators: [See FANG daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since September 15, 2026. This is an indication that the short-term trend is down.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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