FANG Faces Resistance as EMAs Turn Bearish

Diamondback Energy Inc (FANG) closed down 0.41% at $146.31 on December 27.

Technical indicators paint a bearish picture:

• Moving Averages: Price sits below both the 9-day ($149.25) and 21-day ($150.57) EMAs, suggesting short-term weakness.
• Momentum: RSI at 44.0 is in neutral territory but trending lower. MACD is bearish (-0.58 vs signal 0.82).
• Volatility: Bollinger Band width at 12.3% indicates normal volatility.

Key levels to watch: Support at $144.20, Resistance at $163.10.