Diamondback Energy Inc (FANG): Price Down $-0.11 (-0.14)% Over Past Day, Down $-0.42 (-0.53)% Over Past Hour

The Hourly View for FANG

At the moment, FANG (Get Ratings)’s price is down $-0.42 (-0.53%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 50 hour moving average, resulting in them so that price is now turning below it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

FANG ranks 59th in terms of today’s price percentage change out of Petroleum and Natural Gas stocks.

FANG’s Technical Outlook on the Daily Chart

At the moment, FANG’s price is down $-0.11 (-0.14%) from the day prior. It’s been a feast for bears operating on the daily timeframe, as FANG has now gone down 4 of the past 5 days. As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Diamondback Energy Inc’s price action over the past 90 days can be seen via the chart below.

FANG

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FANG: Daily RSI Analysis

  • FANG’s RSI now stands at 52.6523.
  • FANG and RSI may be exhibiting divergent trends. This may be something to monitor.

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