RANGER ENERGY SERVICES-CL A (RNGR) Technical Analysis
NYSE:RNGR • US75282U1043
Current stock price
RNGR Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to RNGR. In the last year, RNGR was one of the better performers, but we do observe some doubts in the very recent evolution.
- RNGR is part of the Energy Equipment & Services industry. There are 61 other stocks in this industry, of which 70% are performing better than RNGR.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- When comparing the yearly performance of all stocks, we notice that RNGR is one of the better performing stocks in the market, outperforming 76% of all stocks. We also observe that the gains produced by RNGR over the past year are nicely spread over this period.
- RNGR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RNGR is lagging the market slightly.
- In the last month RNGR has a been trading in the 16.20 - 17.98 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.
RNGR Weekly and Daily overview Charts
RNGR Setup Rating and Analysis
Besides having an excellent technical rating, RNGR 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 17.50. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- 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
11.32
6 important support areas can be observed.
- A support zone ranging from 16.88 to 17.02. 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 16.42 to 16.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.81 from a trend line in the weekly time frame.
- A support zone ranging from 14.34 to 14.38. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @12.51 from a horizontal line in the daily time frame.
- Support @11.43 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 17.50 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 | NEUTRAL | NEUTRAL | The short term trend for RNGR is neutral. |
| ChartMill Relative Strength | 76.99 | POSITIVE | RNGR has a high relative strength, it outperformed 76.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RNGR is above 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) | 52.23 | NEUTRAL | The RSI value for RNGR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests RNGR has a positive trend. |
| Stochastics (14,3) | 53.96 | NEUTRAL | The Stochastics value for RNGR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.21 | MEDIUM VOLATILITY | The ATR as a percentage value for RNGR suggests some volalility. |
| Average Directional Index/ADX (14) | 14.54 | NEGATIVE | The low ADX value for RNGR suggests a weak or negative 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 |
|---|---|---|---|
| 17.79 | 16.87 | 0.92 (5.17%) | 19.34% |
| An entry @17.79. This is a Buy Stop order right above the resistance zone. | An exit @16.87. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.92 points, which is 5.17%. | For a 1.00% total portfolio risk, you can invest 19.34% of your capital in this trade. |
- 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
17.06
-0.19 (-1.1%)
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 7 / 10 to RNGR.
What is the trend direction for RNGR stock?
The current trend direction for RANGER ENERGY SERVICES-CL A (RNGR) is Bullish.
What is the RSI signal for RNGR stock?
RANGER ENERGY SERVICES-CL A (RNGR) has an RSI value of 52.227. This indicates that the stock is currently neutral.
What is the short term momentum for RNGR stock?
The short term momentum for RANGER ENERGY SERVICES-CL A (RNGR) is neutral.
Can you provide the support and resistance levels for RANGER ENERGY SERVICES-CL A?
RANGER ENERGY SERVICES-CL A (RNGR) has a support level at 17.02 and a resistance level at 17.5. Check the full technical report for our detailed analysis of RNGR support and resistance levels.