US stock / ETF

Diamondback Energy, Inc.

FANG · NASDAQ · USD

1 weekBullish79%
Weekly Upside probability 79%Bullish

FANG 1W chart

EMA21EMA50Bollinger
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Market View

Market Shift

Weekly: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $170.1 and reclaim $216.9.

Invalidation Trigger

Lose $170.1 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

Weekly
Momentum StateBullish
Momentum improving

RSI 57.6, MACD 0.020

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $12.57 (6.07%)

Weekly

EMA Structure

Bullish
EMA 8$199.8Bullish
EMA 21$195.46Bullish
EMA 50$185.09Bullish

Signals

CategoryReadStrength
Momentum
RSI 57.6 · MACD 0.020

Momentum is strong

Strength
Bullish
Volatility
ATR $12.57 · BB 21.47%

High volatility

Strength
Bearish
Volume
MFI 36.9 · OBV -7.20%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$170.1 - $216.9

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+10.77% · 1.8 ATR above latest close

$229.47
Nearest resistance

+4.7% · 0.8 ATR above · 34-bar high

$216.9
Current price

Price shown is delayed

$207.17
Nearest support

-17.89% · 2.9 ATR below · 34-bar low

$170.1
Deeper support zone

-23.96% · 3.9 ATR below latest close

$157.53
ATR zone

Latest close ± ATR14

$194.6 - $219.74

Indicators

Trend

Dow Theory Structure

Confirmation $181.85, invalidation $213.31

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is moderate

15.6 / 21.4 / 17.7Bullish
Supertrend (10,3)

Price is above Supertrend

$171.81Bullish
Ichimoku Cloud

Cloud Span A / Span B

$195.54 / $176.97Bullish
Donchian Channel (20)

20-period breakout channel position

79%Bullish

Volatility

ATR (14)

High volatility

$12.57 (6.07%)Bearish
Bollinger Bands (20,2)

Width 21.47%

79%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$218.14 / $173.47Bearish
ATR channel lower / upper

Current Volatility Envelope

$194.6 / $219.74Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$216.9Range
Support

Nearest Downside Decision Level

$170.1Range

Momentum

RSI (14)

Momentum is strong

57.6Bullish
MACD (12,26,9)

Histogram is positive

0.020Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

72.2 / 67.8Bullish
Williams %R (14)

Neutral zone

-27.8Range
CCI (20)

Balanced zone

89.9Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

36.9Bearish
OBV slope

20-period OBV slope

-7.20%Bearish
Volume ratio

Relative to 20-period average volume

0.21xBearish

Trend

Dow Theory Structure

Confirmation $181.85, invalidation $213.31

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is moderate

15.6 / 21.4 / 17.7Bullish
Supertrend (10,3)

Price is above Supertrend

$171.81Bullish
Ichimoku Cloud

Cloud Span A / Span B

$195.54 / $176.97Bullish
Donchian Channel (20)

20-period breakout channel position

79%Bullish

Momentum

RSI (14)

Momentum is strong

57.6Bullish
MACD (12,26,9)

Histogram is positive

0.020Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

72.2 / 67.8Bullish
Williams %R (14)

Neutral zone

-27.8Range
CCI (20)

Balanced zone

89.9Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volatility

ATR (14)

High volatility

$12.57 (6.07%)Bearish
Bollinger Bands (20,2)

Width 21.47%

79%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$218.14 / $173.47Bearish
ATR channel lower / upper

Current Volatility Envelope

$194.6 / $219.74Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

36.9Bearish
OBV slope

20-period OBV slope

-7.20%Bearish
Volume ratio

Relative to 20-period average volume

0.21xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$216.9Range
Support

Nearest Downside Decision Level

$170.1Range

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