RANGER ENERGY SERVICES-CL A (RNGR) Stock Technical Analysis
NYSE:RNGR - New York Stock Exchange, Inc. - US75282U1043 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to RNGR. In the past year, RNGR was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
RNGR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
RNGR is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 75% of 61 stocks in the same industry.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
Looking at the yearly performance, RNGR did better than 73% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
In the last month RNGR has a been trading in the 11.14 - 15.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RNGR has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
10.70
15.04
4 important support areas can be observed.
- Support @11.94 from a trend line in the weekly time frame.
- A support zone ranging from 11.54 to 11.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.27 from a horizontal line in the daily time frame.
- Support @10.81 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 13.05 to 13.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 14.57 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 | NEUTRAL | NEUTRAL | The long term trend for RNGR is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RNGR is neutral. |
| ChartMill Relative Strength | 73.62 | POSITIVE | RNGR has a high relative strength, it outperformed 73.62% 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 | MIXED | The current price of RNGR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.69 | 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) | 42.33 | NEUTRAL | The Stochastics value for RNGR is a neutral value. |
| Average True Range in percent/ATR (20) | 4.47 | MEDIUM VOLATILITY | The ATR as a percentage value for RNGR suggests some volalility. |
| Average Directional Index/ADX (14) | 22.84 | NEUTRAL | The ADX value for RNGR suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
13.04
+0.27 (+2.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg2.11%
1 Week-11.41%
2 Weeks11.74%
1 Month4.07%
3 Month15.09%
6 Month-21.02%
12 Month13.99%
2 Year9.49%
3 Year31.85%
5 Year384.76%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.65
ATR(20)%4.47%
ATR Inc-28.4%
Range Today0.63
ADR(20)0.5
ADR(20)%3.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.62
Mansfield-1.08
10 Day High15.1
10 Day Low11.74
20 Day High15.1
20 Day Low11.14
52 Week High18.45
52 Week Low10.56
CS1 End11.94
CR1 Start13.05
Volume & EV
DER(3)-3.35%
DER(5)-2.2%
Volume164.30K
Volume Incr4.47%
Vol(5)212.46K
Vol(50)234.36K