RANGER ENERGY SERVICES-CL A (RNGR) Stock Technical Analysis
NYSE:RNGR • US75282U1043
Overall RNGR gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, RNGR is only an average performer.
- RNGR is one of the lesser performing stocks in the Energy Equipment & Services industry. 73% of 61 stocks in the same industry do better.
- Both the short term and long term trends are positive. This is a very positive sign.
- RNGR is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month RNGR has a been trading in the 14.87 - 17.35 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, RNGR did better than 73% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Besides having an excellent technical rating, RNGR also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 17.26. Right above this resistance zone may be a good entry point.
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12.38
5 important support areas can be observed.
- A support zone ranging from 16.20 to 16.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 15.06 to 15.10. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 14.18 to 14.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 13.74 to 13.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.51 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 17.26 to 17.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 73.72 | POSITIVE | RNGR has a high relative strength, it outperformed 73.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RNGR is above the rising 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) | 64.8 | NEUTRAL | The RSI value for RNGR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RNGR has a positive trend. |
| Stochastics (14,3) | 87.53 | OVERBOUGHT | The high Stochastics value suggests RNGR may be overbought. |
| Average True Range in percent/ATR (20) | 4.19 | MEDIUM VOLATILITY | The ATR as a percentage value for RNGR suggests some volalility. |
| Average Directional Index/ADX (14) | 34.24 | POSITIVE | The high ADX value value for RNGR suggests a strong trend. |
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 |
|---|---|---|---|
| 17.27 | 16.19 | 1.08 (6.25%) | 15.99% |
| An entry @17.27. This is a Buy Stop order right above the resistance zone. | An exit @16.19. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.08 points, which is 6.25%. | For a 1.00% total portfolio risk, you can invest 15.99% of your capital in this trade. |
- 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.
17.25
+0.2 (+1.17%)
RANGER ENERGY SERVICES-CL A / RNGR 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 64.797. 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 0.021176, 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.