FANG stock: buy or sell

FANG stock price: $79.08 -1.57% At close on Apr 15th, 2021

Updated on:
Apr 16th, 2021

2

FANG stock brief

  • Diamondback Energy stock fell -1.57% to close at $79.08 on the stock market on Thursday.
  • KeyCorp and Scotiabank published neutral ratings for Diamondback Energy on Thursday, with an average forecast of $92.00
  • Price is drawing a scaled uptrend since October 2020 with higher tops and higher bottoms. Up to date, the uptrend made a 240.57% profit since the beginning of this rally

Should I buy Diamondback Energy stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. 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 matches one trading strategy:

Uptrend buy setup

Diamondback Energy stock continues to trend higher since in October 2020 and has marked an amazing 240.57% gain. Price marked a pull back in this uptrend at $69.53 in late March, and since then it bounced up a 13.74%. Now, it's just 12.23% away from breaking out over its last top and resume the uptrend. The new entry point is therefore at $88.75. If you decide to enter this trade, the suggested stop loss is at $79.88

Buy setupBuy pointStop lossRisk
Uptrend buy setup$88.75$79.8810.00%

Should I sell Diamondback Energy stock?

"To sell or not to sell", if you are holding Diamondback Energy shares?. Trading strategies prevent us from making impulsive decisions based on our sentiments or the noise surrounding the market. We like very simple setups to guide us on when is a good moment to sell a stock. Be aware that these setups are not intended for selling short Diamondback Energy stock

As a rule of thumb, you must never keep a trade that yields greater losses than those expected upon purchase. The timing to sell shares must always be ruled 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, 12 brokerage ratings were published for Diamondback Energy. General sentiment is bullish, with 8 out of 12 publishing optimistic outlooks

Diamondback Energy analysts' ratings - Last 30 days
Brokerage firmRating
Mar 17th, 2021
KeyCorp Buy
Morgan Stanley Buy
Mar 23rd, 2021
Citigroup Neutral
Apr 7th, 2021
Evercore ISI Buy
Apr 8th, 2021
Truist Neutral
Apr 9th, 2021
KeyCorp Buy
Apr 13th, 2021
BMO Capital Markets NeutralNeutral
Raymond James Strong buy
Siebert Williams Shank Strong buy
TD Securities Strong buy
Apr 15th, 2021
KeyCorp Buy
Scotiabank

Diamondback Energy stock analysis

Since in October 2020, Diamondback Energy has been printing an uptrend that so far marked a gorgeous 240.57%. During this uptrend, the price provided some entry points on the breakouts. Latest pullback was in late March, when price bounced at $69.53. Now, it trades in a consolidation between its last top ($88.75) and its last bottom ($69.53)

SMAs overview

FANG stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $81.16 (2.63% above)
  • R2: $81.43 (2.97% above)
  • R3: $82.83 (4.74% above)
  • The current supports are:

  • S1: $78.61 (-0.59% below)
  • S2: $78.31 (-0.97% below)
  • S3: $78.06 (-1.29% below)
  • Bollinger bands

    Since the price surpassed the upper band on Wednesday, the price sliced by 2.87%. The price is trading very close to the upper Bollinger band, signaling some level of overbought in recent sessions. This is not a sell signal, as price can trade in these levels for many days and weeks

    FANG stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 in early March after just crossing to the overbough zone for just one day (weak signal). The RSI value on Thursday was 56. Since then, Diamondback Energy stock tanked a 6.05%

    FANG stock RSI chart

    Diamondback Energy stock price history

    Diamondback Energy started trading priced at an adjusted price1 of $16.93 on Oct 2012. Since then, FANG stock surged by 367.10%, with an average of 45.89% per year. If you had invested $1,000USD in Diamondback Energy stock at that time, it would worth $4,671.00 today.

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

    FANG stock price history chart

    Price target for Diamondback Energy stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis forecasting how a stock will performance in the future.

    Along with buy or sell recommendations, brokerage institutions release their price forecasts based on the stock price action and the company fundamental data. Most of these estimates follow the publication of new fundamental information by the company, and usually. If you are a small investor you shouldn't invest based on these predictions.

    Averaging all price targets exposed below, the forecasted price for Diamondback Energy stock is $96.89. That is a 22.52% than the last price ($79.08).

    Diamondback Energy stock price predictions
    Brokerage firmPrice target
    Mar 17th, 2021
    KeyCorp $80.00$85.00
    Morgan Stanley $71.00$103.00
    Mar 23rd, 2021
    Citigroup $82.00$100.00
    Apr 7th, 2021
    Evercore ISI Not available
    Apr 8th, 2021
    Truist $105.00$115.00
    Apr 9th, 2021
    KeyCorp $85.00$98.00
    Apr 13th, 2021
    BMO Capital Markets Not available
    Raymond James Not available
    Siebert Williams Shank $89.00
    TD Securities $100.00$98.00
    Apr 15th, 2021
    KeyCorp $85.00$98.00
    Scotiabank $84.00$86.00

    Earnings and financials

    Last February, Diamondback Energy ($FANG) hosted the quarterly investors event and released the report. FANG reported earnings of $0.82 per share on sales of $769.0 million. The Wall St estimate was $0.81 per share on revenue of $769.7 million.

    Same quarter one year ago, reported EPS was $1.93, so recently reported EPS means a decrease of -57.51%. Looking at turnover, figures collapsed a -30.57% compared to $10.5B same quarter a year ago.

    FANG ($FANG) is presenting financial report early next May. Market analysts analysts estimate of $1.54, that is a 87.80% higher than Q4.

    Diamondback Energy performance

    FANG performance compared
    Company1m3m6m
    Diamondback Energy ($FANG) -2.50% 27.30% 162.20%

    Disclaimer:
    The viewpoints published in this article are personal and not recommendations for you to buy or sell shares. The author of this paper does not have any knowledge of the specific positions of the reader, his or her own 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 expressed for education purposes only

    FANG summary

    Thursday, April 15th, 2021
    Open$79.16
    Close$79.08
    Day range$77.93 - $79.96
    Previous close$80.34
    Session gain-1.57%
    Average true range$4.10
    50d mov avg$74.01
    100d mov avg$62.29
    200d mov avg$48.36
    Earnings dateMay 3rd, 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 12 ratings in the last 30 days: 8 bullish, 0 bearish and 3 neutral.

    Will FANG go up?

    Diamondback Energy had different price forecasts published by analysts in the last 4 weeks forecasting the target price to $96.89. That is a 22.52% than the last price ($79.08).