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Archive
- 10/2/2026 -
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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 -1.96 points, or -1.05%, and closed at 184.71 on Friday, October 2, 2026. Weekly volume was -21% below 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 price is near the trend support (181.87) line. The support is usually stronger when technical indicators are oversold. 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 support line 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 (207.72) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. FANG may retest the broken support line. It is considered to be a resistance line now. 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. 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 181.91 on September 29, 2026. FANG lost 31.40 points, or 14.72%, in 14 days. The chart has formed a Falling Wedge chart pattern.
 Daily Technical Indicators: [See FANG daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since September 15, 2026. This is an indication that the short-term trend is down.
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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 |
11 |
| Industry |
Oil & Gas Exploration & Production |
100 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| High |
213.31 |
| High Date |
09/15/2026 |
| Low |
181.91 |
| Low Date |
09/29/2026 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
216.90 |
| High Date |
08/20/2026 |
| Low |
181.91 |
| Low Date |
09/29/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Broken Support |
| Resistance |
226.93 |
| Support |
207.72 |
| Low |
170.10 |
| Low Date |
07/02/2026 |
| High |
216.90 |
| High Date |
08/20/2026 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Test Support |
| Resistance |
241.24 |
| Support |
181.87 |
| Low |
114.00 |
| Low Date |
04/09/2025 |
| High |
216.90 |
| High Date |
08/20/2026 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
214.50 |
| High Date |
07/17/2024 |
| Low |
114.00 |
| Low Date |
04/09/2025 |
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