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Asset Summary

Daily Performance Report for FANG ETF: Dec 9, 2024

Summary: The day started with FANG ETF opening at $167.75 and closing at $166.21. The ETF showed weakness throughout the day, with the highest price observed at $169.98 and the lowest at $166.21. The underlying asset had a trading range of $3.77 Overall, it was a negative trading day for FANG ETF, reflecting investor pessimism and market activity.

Change in Closing Price: There was a net decrease of $-1.54 or -0.92% in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for FANG ETF was 1,678,472 units during Dec 9, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $167.75.

Highest Price: The highest price observed during the day was $169.98.

Lowest Price: The lowest price observed during the day was $166.21.

Closing Price: The day ended at $166.21.

Asset Performance Metrics and Risk Characteristics:

Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.

Asset Technical Analysis

Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. By using various technical indicators and chart patterns, investors can gain insights into market trends, price momentum, and potential turning points. This section delves into essential technical metrics, including moving averages, pivot points, and other indicators that provide a snapshot of an asset's current technical stance. Analyzing these indicators helps investors identify entry and exit points, assess market sentiment, and refine their trading strategies. Explore the following technical analysis data to understand the asset's performance dynamics and make better-informed decisions.

Moving Averages

Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:

  • SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
  • EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
  • WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
  • WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.

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Frequently Asked Questions

Diamondback values safety, integrity, accountability, and innovation in its operations and corporate culture.

Diamondback Energy adheres to regulatory requirements and collaborates with government entities to ensure compliance in its operations.

Factors include oil and gas prices, production levels, market demand, and regulatory changes within the energy sector.

Analysts offer ratings and insights on FANG; check investment research platforms for the most recent evaluations.

You can purchase FANG stock through a brokerage account or with assistance from a financial advisor.

Yes, Diamondback Energy has a history of paying dividends and has increased its dividend payouts over time.

Diamondback Energy is committed to sustainable practices, including minimizing its environmental footprint and promoting responsible resource management.

You can find the latest earnings results in the quarterly earnings reports available on Diamondback Energy’s investor relations website.

For updates on new projects and initiatives, visit Diamondback Energy’s official website or their press release section.

Market capitalization is subject to change; check financial websites for the latest information on Diamondback Energy.

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