FANG stock: buy or sell

FANG stock price: $59.61 -2.80% At close on Jan 26th, 2021

Updated on:
Jan 27th, 2021

2

FANG stock brief

  • Diamondback Energy stock sank -2.80% to close at $59.61 on the stock market on Tuesday, and broke a streak of 4 sessions in green.
  • The stock is configuring an uptrend pattern since last October, when it bottomed at $23.36. This rally marked a 155.18% gain
  • Raymond James posted a neutral rating for Diamondback Energy on Tuesday, with a target of $91.00

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?

Currently, Diamondback Energy stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $FANG will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Diamondback Energy stock?

How to know when is it time to sell Diamondback Energy stock?. Trading strategies prevent us from making impetuous decisions based on our feelings or the noise that surrounds the market. When selling, as well as buying, detailed setups are very easy to follow but are only valid for selling shares you already own, not for selling short Diamondback Energy stock

A guiding principle is that you should not keep an open trade that produces higher than expected losses at the time of purchase. The moment 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

In the last month, 11 analyst ratings were published for Diamondback Energy. General sentiment is bullish, with 8 out of 11 posting positive outlooks

Diamondback Energy analysts' ratings - Last month
Brokerage firmRating
Dec 28th, 2020
Northland Securities Buy
Jan 6th, 2021
Truist Neutral
Jan 7th, 2021
KeyCorp Buy
Jan 13th, 2021
Siebert Williams Shank Strong buy
Jan 14th, 2021
Barclays
KeyCorp Buy
Royal Bank of Canada Buy
Jan 20th, 2021
Cowen Buy
Morgan Stanley Buy
Jan 21st, 2021
KeyCorp Buy
Jan 26th, 2021
Raymond James BuyNeutral

Diamondback Energy stock analysis

Since last October, Diamondback Energy has been drawing an uptrend that by now marked an amazing 155.18%. Rising highs and lows can be seen easily on a chart and how price action offered very few buy points on the breakouts. Latest pullback was in mid-December, when price bounced at $42.00. Currently, it moves in a consolidation between its last top ($64.90) and its last bottom ($42.00)

SMAs overview

FANG stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $64.90 (8.87% above)
  • R2: $69.23 (16.14% above)
  • R3: $70.63 (18.49% above)
  • The current support levels are:

  • S1: $58.70 (-1.53% below)
  • S2: $51.53 (-13.55% below)
  • S3: $46.02 (-22.80% below)
  • Bollinger bands

    Since the price surpassed the upper band on January 13, the price sliced by 5.00%

    FANG stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 on Monday after just crossing to the overbough zone for a single day (weak signal). The RSI value on Tuesday was 60.57

    FANG stock RSI chart

    Diamondback Energy stock price history

    Diamondback Energy IPO was on Oct 12th, 2012 priced at $17.02 per share1. Since then, FANG stock surged by 250.24%, with an average of 31.28% per year. If you had invested $1,000USD in Diamondback Energy stock on Oct 2012, it would be valued $3,502.35 today.

    1: Adjusted price after possible price splits or reverse-splits

    FANG stock price history chart

    Price target for Diamondback Energy stock

    Nobody can predict how much a stock will be priced in the future. Banks and financial organisations publish their analysis forecasting how a stock will performance in the future.

    Along with buy or sell recommendations, brokerage institutions release their price target based on the stock price action and the company fundamental data. Most of these estimates follow the release of new financial data by the company, and usually. If you are a small trader you should not invest based on these price targets.

    Averaging all price targets exposed below, the estimated price for Diamondback Energy stock is $68.45. That is a 14.83% than the current price ($59.61).

    Diamondback Energy stock price predictions
    Brokerage firmPrice target
    Dec 28th, 2020
    Northland Securities $50.00$60.00
    Jan 6th, 2021
    Truist $60.00$65.00
    Jan 7th, 2021
    KeyCorp $54.00$58.00
    Jan 13th, 2021
    Siebert Williams Shank $62.00
    Jan 14th, 2021
    Barclays $46.00$68.00
    KeyCorp $58.00$65.00
    Royal Bank of Canada $67.00$72.00
    Jan 20th, 2021
    Cowen $60.00$75.00
    Morgan Stanley $65.00$71.00
    Jan 21st, 2021
    KeyCorp $65.00$66.00
    Jan 26th, 2021
    Raymond James $50.00$91.00

    Earnings and financials

    Earnings event was hosted by Diamondback Energy ($FANG) last November after releasing the financial report. FANG beat Wall St estimates and posted of $0.62, that is a 67.57% surprise versus the previous estimates of $0.37. Despite this, reported revenues of $720.0 million were in line with analysts predictions.

    This compares to Earnings of $1.47 per share same quarter last year, so current EPS means a loss of -57.82%. Sales dropped a -26.32% on an annualized basis in the , from $9.3B to $6.8B last quarter.

    FANG ($FANG) releases quarterly earnings report mid next February. Forecasted for this quarter is $0.81, compared to $0.62 that was reported for Q3.

    Diamondback Energy performance

    FANG performance compared
    Company1m3m6m
    Diamondback Energy ($FANG) 24.80% 111.30% 53.40%

    Please read:
    The viewpoints published in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this paper does not have an understanding of the individual circumstances of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are provided for learning motives only

    FANG summary

    Tuesday, January 26th, 2021
    Open$62.32
    Close$59.61
    Day range$59.34 - $64.11
    Previous close$61.33
    Session gain-2.80%
    Average true range$4.44
    50d mov avg$48.59
    100d mov avg$39.12
    200d mov avg$39.88
    Earnings dateFebruary 16th, 2021

    Frequently asked questions

    What is Diamondback Energy stock symbol?

    Diamondback Energy, Inc. is a public company trading in the US stock market with the FANG symbol

    Is Diamondback Energy stock a buy or sell?

    Diamondback Energy received 11 ratings in the last 30 days: 8 bullish, 0 bearish and 2 neutral.

    Will FANG go up?

    Diamondback Energy had different price forecasts published by analysts in the last 4 weeks setting the target price to $68.45. That is a 14.83% than the last price ($59.61).