FANG
Diamondback Energy Inc. Energy - Oil & Gas E&P Investor Relations →
Diamondback Energy Inc. (FANG) closed at $202.95 as of 2026-07-31, trading 32.8% above its 200-week moving average of $152.83. The stock is currently moving closer to the line, down from 34.4% last week. The 14-week RSI sits at 54, indicating neutral momentum.
Trading volume is running at 1.0x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.90 ratio) is neutral — neither side is clearly dominating.
Over the past 672 weeks of data, FANG has crossed below its 200-week moving average 10 times. On average, these episodes lasted 12 weeks. The average one-year return after crossing below was -4.4%, suggesting these dips have not historically been reliable buying opportunities for this stock.
With a market cap of $57.1 billion, FANG is a large-cap stock. The company generates a free cash flow yield of 2.5%. Return on equity stands at 0.5%. The stock trades at 1.6x book value.
Share count has increased 58.2% over three years, indicating dilution.
Over the past 12.9 years, a hypothetical investment of $100 in FANG would have grown to $577, compared to $552 for the S&P 500. That represents an annualized return of 14.5% vs 14.1% for the index — confirming FANG as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been declining at a -100% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: FANG vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After FANG Crosses Below the Line?
Across 10 historical episodes, buying FANG when it crossed below its 200-week moving average produced an average return of -6.1% after 12 months (median -5.0%), compared to +12.5% for the S&P 500 over the same periods. 38% of those episodes were profitable after one year. After 24 months, the average return was -1.3% vs +43.5% for the index.
Each line shows $100 invested at the moment FANG crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. FANG currently has negative free cash flow, so price-based dislocation levels are not available. The score still tracks yield deviation from baseline.
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are reference points for identifying potential swing trade opportunities, not buy/sell signals. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from FANG's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. They are starting points for research, not buy or sell signals. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
FANG has crossed below its 200-week MA 10 times with an average 1-year return of +-4.4% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Dec 2018 | Dec 2018 | 3 | 7.9% | -7.5% | +185.5% |
| Feb 2019 | Feb 2019 | 1 | 0.8% | -22.6% | +174.0% |
| Mar 2019 | Mar 2019 | 1 | 2.3% | -48.5% | +176.8% |
| May 2019 | Jun 2019 | 3 | 2.5% | -55.7% | +169.1% |
| Jul 2019 | May 2021 | 96 | 81.6% | -58.3% | +170.7% |
| Jul 2021 | Sep 2021 | 9 | 17.9% | +44.7% | +220.2% |
| Mar 2025 | Apr 2025 | 2 | 8.6% | +61.4% | +69.9% |
| May 2025 | Jun 2025 | 2 | 1.5% | +51.5% | +53.2% |
| Sep 2025 | Sep 2025 | 3 | 2.7% | N/A | +49.0% |
| Oct 2025 | Oct 2025 | 2 | 2.1% | N/A | +47.8% |
| Average | 12 | — | +-4.4% | — |
Frequently Asked Questions
Is FANG below its 200-week moving average?
No. Diamondback Energy Inc. (FANG) is currently 32.8% above its 200-week moving average of $152.83. It would need to fall to $152.83 to cross below the line.
What is FANG's 200-week moving average price?
Diamondback Energy Inc.'s 200-week moving average is $152.83 as of 2026-07-31. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when FANG drops below its 200-week moving average?
FANG has crossed below its 200-week moving average 10 times in our data. The average one-year return after these crossings was -4.4%, meaning the dips were not reliable buying signals for this particular stock. These episodes lasted 12 weeks on average.
Is FANG a good value right now?
Here's what our data says about FANG as of 2026-07-31: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 54. Free cash flow yield is 2.5%. Return on equity is 0.5%. Price-to-book is 1.6x. This is not a buy or sell recommendation — always do your own research.
How does FANG compare to the S&P 500?
Over the past 12.9 years, $100 invested in FANG would have grown to $577, compared to $552 for the S&P 500. That's 14.5% annualized vs 14.1% for the index. FANG has outperformed the broader market over this period.
Does FANG pay a dividend?
Yes. Diamondback Energy Inc. currently pays a dividend yield of 217.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-07-31