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Downtrend ResistanceArchive
- 6/13/2025 -
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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 14.35 points, or 10.21%, and closed at 154.91 on Friday, June 13, 2025. Weekly volume was 35% above average.
 Long-term trend: [See FANG long-term trend chart]
A long-term uptrend had started on August 19, 2021 at 65.93 and reached 214.50 on July 17, 2024. FANG gained -148.57 points, or -225.35%, in 151 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (192.09) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.
 Medium-term trend: [See FANG medium-term trend chart]
A medium-term downtrend had started on July 17, 2024 at 214.50 and reached 114.00 on April 9, 2025. FANG lost 100.50 points, or 46.85%, in 38 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (154.18). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See FANG weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since May 30, 2025. 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 May 22, 2025 at 132.20 and reached 158.00 on June 13, 2025. FANG gained -25.80 points, or -19.52%, in 22 days. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (139.49) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. 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 daily MACD line is above its signal line since June 2, 2025. This is an indication that the short-term trend is up.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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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