RANGER ENERGY SERVICES-CL A (RNGR) Stock Technical Analysis
USA - NYSE:RNGR - US75282U1043 - Common Stock
Overall RNGR gets a technical rating of 6 out of 10. Although RNGR is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
RNGR has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 13.82, a Stop Loss order could be placed below this zone.
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10.90
We found 3 important support areas.
- A support zone ranging from 13.71 to 13.82. 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 12.36 to 12.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.01 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @13.86 from a trend line in the weekly time frame.
- A resistance zone ranging from 14.34 to 14.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 14.73 to 14.89. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for RNGR is neutral. |
| ChartMill Relative Strength | 44.75 | NEUTRAL | RNGR is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of RNGR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.58 | NEUTRAL | The RSI value for RNGR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests RNGR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.13 | NEUTRAL | The Stochastics value for RNGR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.63 | MEDIUM VOLATILITY | The ATR as a percentage value for RNGR suggests some volalility. |
| Average Directional Index/ADX (14) | 13.1 | NEGATIVE | The low ADX value for RNGR suggests a weak or negative 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 |
|---|---|---|---|
| 13.87 | 13.70 | 0.17 (1.23%) | 25.00% |
| An entry @13.87. This is a Buy Stop order right above the resistance zone. | An exit @13.70. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.17 points, which is 1.23%. | For a 0.31% total portfolio risk, you can invest 25.00% 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.
13.86
+0.25 (+1.84%)
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 6 / 10 to RNGR.
What is the current trend direction of RANGER ENERGY SERVICES-CL A (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 54.5829. This indicates that the stock is currently neutral.
What is the MACD signal for RNGR stock?
The MACD indicator for RANGER ENERGY SERVICES-CL A (RNGR) has a value of 0.0695116, indicating a bearish trend.
What is the short term momentum for RNGR stock?
The short term momentum for RANGER ENERGY SERVICES-CL A (RNGR) is neutral.