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Downtrend ResistanceArchive
- 8/29/2025 -
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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 5.48 points, or 3.82%, and closed at 148.76 on Friday, August 29, 2025. It was the best weekly gain since June 13, 2025. Weekly volume was -31% 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 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 (144.04). 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 long-term trend.
 Medium-term trend: [See FANG medium-term trend chart]
A medium-term uptrend had started on April 9, 2025 at 114.00 and reached 158.00 on June 13, 2025. FANG gained -44.00 points, or -38.60%, in 9 weeks. The price is now at the 21% retracement level.
 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. 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 June 13, 2025 at 158.00 and reached 134.66 on July 16, 2025. FANG lost 23.34 points, or 14.77%, in 33 days. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (149.26). 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 short-term trend.
 Daily Technical Indicators: [See FANG daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily 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.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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