RANGER ENERGY SERVICES-CL A (RNGR) Technical Analysis
NYSE:RNGR • US75282U1043
Current stock price
RNGR Technical Rating and Analysis
Overall RNGR gets a technical rating of 8 out of 10. Both in the recent history as in the last year, RNGR has proven to be a steady performer, scoring decent points in every aspect analyzed.
- RNGR is part of the Energy Equipment & Services industry. There are 60 other stocks in this industry, of which 72% are performing better than RNGR.
- The long and short term trends are both positive. This is looking good!
- RNGR is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so RNGR is performing more or less in line with the market.
- In the last month RNGR has a been trading in the 16.25 - 17.89 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- When comparing the yearly performance of all stocks, we notice that RNGR is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- Volume is considerably higher in the last couple of days.
RNGR Weekly and Daily overview Charts
RNGR Setup Rating and Analysis
RNGR has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 17.42. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.44, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
RNGR Support and Resistance Analysis
11.25
We found 5 important support areas.
- A support zone ranging from 15.72 to 16.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.34 to 14.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.07 from a trend line in the daily time frame.
- Support @12.51 from a horizontal line in the daily time frame.
- Support @11.36 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 17.42 to 17.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
RNGR Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for RNGR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RNGR is up. |
| ChartMill Relative Strength | 84.49 | POSITIVE | RNGR has a high relative strength, it outperformed 84.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RNGR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RNGR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RNGR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.68 | NEUTRAL | The RSI value for RNGR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests RNGR has a negative trend. |
| Stochastics (14,3) | 49.2 | NEUTRAL | The Stochastics value for RNGR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.75 | MEDIUM VOLATILITY | The ATR as a percentage value for RNGR suggests some volalility. |
| Average Directional Index/ADX (14) | 28.54 | POSITIVE | The high ADX value value for RNGR suggests a strong trend. |
RNGR Chart- and CandleStick Pattern Analysis
RNGR Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 16.92 | 16.24 | 0.68 (4.02%) | 24.88% |
| An entry @16.92. This is a Buy Stop order right above the 10 day moving average. | An exit @16.24. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.68 points, which is 4.02%. | When investing 24.88% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of RNGR. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
RNGR Technicals: Chart, Performance Metrics, Trend & Indicators
16.85
-0.28 (-1.63%)
RANGER ENERGY SERVICES-CL A / RNGR TA FAQ
Can you provide the ChartMill technical rating for RANGER ENERGY SERVICES-CL A?
ChartMill assigns a technical rating of 8 / 10 to RNGR.
What is the trend direction for RNGR stock?
The current trend direction for RANGER ENERGY SERVICES-CL A (RNGR) is Bullish.
Can you provide the RSI signal for RANGER ENERGY SERVICES-CL A?
RANGER ENERGY SERVICES-CL A (RNGR) has an RSI value of 51.6809. This indicates that the stock is currently neutral.
What is the MACD signal for RANGER ENERGY SERVICES-CL A (RNGR) stock?
The MACD indicator for RANGER ENERGY SERVICES-CL A (RNGR) has a value of -0.06475, indicating a bearish trend.
Can you provide the buy/sell signal for RANGER ENERGY SERVICES-CL A?
The buy/sell signal for RANGER ENERGY SERVICES-CL A (RNGR) is buy as both the short term and long term trends are positive.