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Takip Edin: @UscMarketsFANG Stock Forecast & Diamondback Energy Chart Analysis
This article provides a detailed analysis of FANG-Diamondback Energy stock including a forecast for FANG shares. It features Diamondback Energy, Inc. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
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FANG Historical Data Review
FANG Current Price Performance Analysis
The Diamondback Energy - FANG stock traded on the American stock market, on 06-05-2024, closed at 189.19$ with a %-0.02 decreased compared to the previous day.
In the last month, the price of FANG changed by %-7.35 decreased in value, from 204.19 dollars on 05-06-2024 to 189.19 dollars, decreased.
Last year, the price of FANG was 130.96 dollars on 06-06-2023, and changed by %44.46 increased in value, to 189.19 dollars increased within a year.
The price of Diamondback Energy stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
FANG with AI Stock Forecast & Price Target
On the FANG chart Diamondback Energy price was recorded as 189.19 Dollars on 06/05/2024.
The artificial intelligence's forecast on FANG stock is as follows.
The artificial intelligence's prediction error margin for FANG stock is high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Diamondback Energy stock over the next 4 months is: 200.1 Dollars.
The commentary on FANG stock Target Price: Highest: 227.984 Dollars is predicted.
The commentary on FANG stock Target Price: Lowest: 179.084 Dollars is predicted.
Resistance Price where Diamondback Energy stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 09-23-2024 | 203.794 |
| 02-20-2025 | 217.461 |
Support Price where Diamondback Energy stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-09-2024 | 179.084 |
| 11-07-2024 | 186.066 |
| 03-12-2025 | 213.754 |
The commentary on FANG stock: The target price can generally be said to be on the rise.
The commentary on FANG stock: Fluctuations in the target price can be expected in the coming days.
The target price for Diamondback Energy stock by the end of 2024 is predicted to be 207.425 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on FANG stock, and the 2024 target price predictions for Diamondback Energy are detailed above.
The technical analysis and charts for the commentary on FANG stock are below.
FANG Support & Resistance and Trend Analysis
FANG stock you have reviewed the technical analysis support resistance charts regarding.
FANG : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the FANG review, the Diamondback Energy support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Diamondback Energy Support and Resistance Prices:
| FANG Support Level Price | FANG Resistance Level Price |
|---|---|
| 145.70 | 157.38 |
| 147.93 | 158.23 |
| 148.31 | 159.75 |
| 148.67 | 161.62 |
| 150.71 | 185.78 |
| 174.39 | 194.67 |
| 178.21 | 199.46 |
| 185.10 | 205.74 |
| 186.48 | 208.85 |
| 193.19 | 211.96 |
FANG Technical Analysis: SMA, RSI, MACD
Upon reviewing the FANG chart, buy and sell signals have been generated in the Diamondback Energy technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for FANG stock are as follows:- FANG technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for Diamondback Energy gave a 'Buy' signal when the RSI was at 28.431, with the current RSI value at 38.933.
- The technical analysis for Diamondback Energy indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Diamondback Energy stock: Click here to read more predictions on Barclays PLC stock.
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