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Archive
- 7/31/2026 -
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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 gave back -1.73 points, or -0.85%, and closed at 202.95 on Friday, July 31, 2026. Weekly volume was -20% below average.
 Long-term trend: [See FANG long-term trend chart]
A long-term uptrend had started on April 9, 2025 at 114.00 and reached 214.51 on May 4, 2026. FANG gained -100.51 points, or -88.17%, in 55 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 175.65 and resistance is at 230.04. 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 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 8 weeks. The price is now at the 73.97% retracement level.
 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. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See FANG short-term trend chart]
A short-term uptrend had started on July 2, 2026 at 170.10 and reached 210.55 on July 24, 2026. FANG gained -40.45 points, or -23.78%, in 22 days. The price is now at the 18.79% retracement level.
Daily Technical Indicators: [See FANG daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 link to access Lane's Stochastic help.
The daily MACD line is above its signal line since July 7, 2026. This is an indication that the short-term trend is up.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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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