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Archive
- 9/11/2026 -
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Diamondbac (FANG) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a second consecutive positive week for the Diamondbac (FANG). During the week, the FANG gained 5.75 points, or 2.89%, and closed at 204.97 on Friday, September 11, 2026. Weekly volume was -19% 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 trend support level is at 179.15 and resistance is at 237.42. 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 trend support level is at 198.90 and resistance is at 221.91. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern 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 and getting smaller. 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 August 20, 2026 at 216.90 and reached 196.65 on August 26, 2026. FANG lost 20.25 points, or 9.34%, in 6 days. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (198.35) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a short-term trend.
Daily Technical Indicators: [See FANG daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since August 25, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
During the last week, the price has moved above 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.
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