FANG stock: buy or sell
Updated on:
Jul 29th, 2021
1
FANG stock brief
- Diamondback Energy stock moved up 1.31% to close at $79.58 on the stock market on Wednesday.
- Diamondback Energy is presenting its earnings report on Monday
Should I buy Diamondback Energy stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $FANG stock a buy?
In the current situation of Diamondback Energy there is not any eligible buy setup. This doesn't mean we expect a selloff for $FANG in coming sessions, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Diamondback Energy stock?
When you own stock shares with some profit, it's really difficult to decide the correct moment to sell and get your profits. Trading strategies help us to avoid impulsive decisions based on our personal sentiments or the buzz that surrounds the market. When selling, as well as buying, our strategies are very simple to use and are only applicable for selling shares you already own, not for selling short $FANG stock
As a golden rule, you should not keep a trade that shows a higher than expected losses by the time of the buy. When to sell your stock always has to be determined by the stop-loss (automatic or manual)
Is it time to sell Diamondback Energy stock?
In the current situation of Diamondback Energy there is not any eligible sell setup, so Diamondback Energy stock holders with operations in green can keep their positions
Diamondback Energy ratings
We don't have any rating posted in the last 30 days for Diamondback Energy
Diamondback Energy stock analysis
SMAs overview
Supports and resistances
The current resistances are:
The current supports are:
Bollinger bands
Since the price broke down the lower band on July 20, the price bounced off by 10.71%
Relative strength index
The RSI crossed up the oversold level of 30 on July 20 after just being in the oversold zone for just one day (what can be considered a strength sign). The RSI reading on Wednesday was 42.88. Diamondback Energy price skyrocketed a 8.73% since that level was surpassed
Diamondback Energy stock price history
Diamondback Energy started trading on Oct 12th, 2012 priced at $16.84 per share1. Since then, FANG stock has risen by 372.57%, with an average of 46.57% per year. If you had invested $1,000USD in Diamondback Energy stock at that time, it would be valued $4,725.65 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Diamondback Energy stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations post their analysis predicting how a stock will performance in the future.
The following table shows the price target published by financial institutions in the last 30 days. Again, these predictions are not direct recommendations for small investors and should not be followed blindly.
We don't have any target price published in the previous 4 weeks for Diamondback Energy.
Earnings and financials
FANG ($FANG) presents financial report on Monday. Market forecasts of $2.12, compared to Q1 that was $2.30. Regarding to turn over, the estimates are $1.3 billion.
In case you are a shareholder of Diamondback Energy stock, you should double check your stop-loss, as earnings release day often has higher than usual volatility. It's always good to review company's website to confirm time and details about the earnings call and the earnings report.
Diamondback Energy, Inc. ($FANG) reported quarterly earnings of $2.30 per share last May, highly surpassing the analysts consensus estimate of $1.78 per share. This Q1 report represents an earnings surprise of 29.21%. Forecasted revenue was $1,000.0 million but Diamondback Energy strongly beat by 18.40%, reporting $1.2 billion.
In comparing, the EPS for the same quarter last year was $1.45, so posted EPS means a gain of 58.62%. Looking at turnover, figures exploded a 31.35% compared to $8.6B same quarter a year ago.Diamondback Energy performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Diamondback Energy ($FANG) | -14.70% | -5.90% | 38.90% |
Please read:
The viewpoints published in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this text does not have any knowledge of the particular situations of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are provided for informational purposes onlyFANG summary
| Wednesday, July 28th, 2021 | |
|---|---|
| Open | $78.82 |
| Close | $79.58 |
| Day range | $78.01 - $80.67 |
| Previous close | $78.55 |
| Session gain | 1.31% |
| Average true range | $5.31 |
| 50d mov avg | $85.57 |
| 100d mov avg | $81.82 |
| 200d mov avg | $65.18 |
| Earnings date | August 2nd, 2021 |