Diamondback Energy (FANG) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for FANG · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$191.87last close · Aug 4, 202652-week range $134.30$214.51 · 10.55% below the high
Symmetrical Triangle · playing out now

FANG is breaking down from a symmetrical triangle — a sign the recent run may be rolling over.

On this chart, setups like it have followed through about 53% of the time.

As long as price stays below $211.7, it's in play — a daily close back above there calls it off.

The move's natural target sits near $161.0.

FANG Triangle Pattern

FANG is currently forming a triangle on the daily timeframe. Detected Aug 4, 2026.

DirectionBearishTarget$160.98Projected move−19.2%Breakout level$195.35

New to this pattern? What a triangle is and how to trade it →

How Triangles Have Performed

Win rate
52.4%
Avg return
+0.36R
Backtested trades
13,619
FANG win rate
50.0%

Historical pattern statistics (2006-08-04 – 2026-08-04), not a prediction.

How these backtests work →

FANG Pattern Trade History

Every completed pattern trade our nightly backtest found on FANG's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
TriangleNov 26, 2025 @ $150.17Dec 11, 2025 @ $157.04Win+1.04R
TriangleNov 18, 2025 @ $150.26Dec 11, 2025 @ $157.04Win+0.51R
TriangleNov 11, 2025 @ $146.22Dec 11, 2025 @ $157.04Win+1.18R
TriangleNov 4, 2025 @ $139.15Nov 18, 2025 @ $149.58Loss-1.02R
TriangleOct 6, 2025 @ $149.01Oct 10, 2025 @ $139.82Loss-1.11R
TriangleSep 29, 2025 @ $146.80Dec 11, 2025 @ $157.04Win+0.82R
TriangleSep 5, 2025 @ $139.41Nov 28, 2025 @ $152.59Loss-1.23R
Bullish PennantSep 2, 2025 @ $150.02Sep 9, 2025 @ $136.29Loss-1.01R
TriangleJul 15, 2025 @ $140.17Jul 28, 2025 @ $150.52Loss-1.96R
TriangleJun 6, 2025 @ $140.75Mar 11, 2026 @ $176.64Win+5.13R
Bullish PennantMay 8, 2025 @ $136.04Mar 11, 2026 @ $176.64Win+4.90R
TriangleAug 30, 2024 @ $194.00Sep 10, 2024 @ $174.38Win+3.73R

FANG Support and Resistance Levels

On the weekly chart, price is resting in the open space between a floor below near $146.04 and a ceiling above near $241.96.

  • Price hasn't touched either edge recently, so there's no clear direction either way yet.
  • The next move usually shows itself when price reaches one of those edges — the clearest reads tend to begin right at one of these lines.

Nearest auto-detected support sits near $146.04, resistance near $246.79. These are chart/swing-derived levels, not formula pivots.

Resistance
$246.79$256.33
Support
$146.04

FANG Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$189.11$195.50$188.31$191.87
Aug 3, 2026$198.76$199.60$196.26$198.75
Jul 31, 2026$198.48$203.79$198.10$202.95
Jul 30, 2026$196.93$199.93$195.48$199.77
Jul 29, 2026$198.20$199.97$195.98$199.13
Jul 28, 2026$197.11$198.59$190.05$190.31
Jul 27, 2026$197.08$201.71$195.43$195.80
Jul 24, 2026$205.83$210.55$203.50$204.68
Jul 23, 2026$206.54$209.90$204.58$205.49
Jul 22, 2026$202.42$204.96$202.23$203.02

FANG Frequently Asked Questions

What chart pattern is FANG forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a triangle on Diamondback Energy (FANG) on the daily chart, with a measured-move target of $160.98.
Is a triangle bullish or bearish?
The triangle detected on FANG is a bearish pattern, projecting a measured-move target of $160.98. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a triangle pattern, and what is its win rate?
Across TradingPal's backtest of the triangle family (13,619 trades over 631 symbols), it resolved in the expected direction 52.4% of the time with an average of +0.36R. These are historical statistics, not a prediction.
What are the support and resistance levels for FANG?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), FANG's nearest support is around $146.04 and nearest resistance around $246.79.
What is the price target if FANG's pattern breaks out?
The detected triangle has a geometry-based measured-move target of $160.98 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was FANG's closing price on Aug 4, 2026?
Diamondback Energy (FANG) last closed at $191.87 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.