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- 1/15/2021 -
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Diamondbac (FANG)

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal linePrice is near the Fibonacci 23.6% retracement level
Daily :Williams' Percentage Range and Lane's Stochastic are overbought
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It was a fourth consecutive positive week for the Diamondbac (FANG). During the week, the FANG gained 2.48 points, or 4.37%, and closed at 59.24 on Friday, January 15, 2021. Weekly volume was -18% 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 October 29, 2020 at 23.63 and reached 64.07 on January 14, 2021. FANG gained -40.44 points, or -171.14%, in 11 weeks. The price is now at the 11.94% retracement level.

Medium-term trend: [See FANG medium-term trend chart]
A medium-term uptrend had started on December 21, 2020 at 42.00 and reached 64.07 on January 14, 2021. FANG gained -22.07 points, or -52.55%, in 3 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See FANG weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 13, 2020. This is an indication that the medium-term trend is up. 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 January 14, 2021 at 64.07 and reached 58.42 on January 15, 2021. FANG lost 5.65 points, or 8.82%, in 1 days. The price is now at the 14.51% retracement level.

Daily Technical Indicators: [See FANG daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic.

The daily MACD line is above its signal line since January 4, 2021.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.55
Williams' Percentage Range (W%R) 13.60
Overbought
Lane's Stochastic (%D-Slow) 87.19
Overbought
Greed/Fear Indicator (GFI) 82.39
Overbought
Moving Average Converg./Diverg. (MACD) 3.99
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.14
Williams' Percentage Range (W%R) 7.40
Strong Overbought
Lane's Stochastic (%D-Slow) 89.05
Overbought
Greed/Fear Indicator (GFI) 82.51
Overbought
Moving Average Converg./Diverg. (MACD) 0.30
Trading Signals
Description Value Chart
Upper Bollinger Band 65.83
Daily Stochastic Crossing 62.60
Weekly Stochastic Crossing 60.99
Price 59.24
Parabolic System 58.36
20 Day Moving Average 52.35
50 Day Moving Average 45.03
Lower Bollinger Band 41.48
Sector and Industry
Description Name Rank
Sector Energy 12
Industry Oil & Gas Exploration & Production 102
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 64.07
High Date 01/14/2021
Low 58.42
Low Date 01/15/2021
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 64.07
High Date 01/14/2021
Low 58.42
Low Date 01/15/2021
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 64.07
High Date 01/14/2021
Low 58.42
Low Date 01/15/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.00
Low Date 12/21/2020
High 64.07
High Date 01/14/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.63
Low Date 10/29/2020
High 64.07
High Date 01/14/2021
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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