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 10 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 62 other stocks in this industry, of which 67% are performing better than RNGR.
- The long and short term trends are both positive. This is looking good!
- 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. On top of that, RNGR also shows a nice and consistent pattern of rising prices.
- RNGR is currently trading near its 52 week high, which is a good sign. 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 16.20 - 17.98 range, which is quite wide. It is currently trading near the high of this range.
- 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, but the quality of the setup is only medium 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
RNGR Support and Resistance Analysis
11.34
6 important support areas can be observed.
- A support zone ranging from 16.99 to 17.14. 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 16.44 to 16.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.90 from a trend line in the weekly time frame.
- A support zone ranging from 14.34 to 14.43. 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 @11.45 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 17.91 to 17.91. 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 | POSITIVE | RNGR has a high relative strength, it outperformed 84% 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) | 63.56 | NEUTRAL | The RSI value for RNGR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests RNGR has a positive trend. |
| Stochastics (14,3) | 82.35 | OVERBOUGHT | The high Stochastics value suggests RNGR may be overbought. |
| Average True Range in percent/ATR (20) | 2.97 | MEDIUM VOLATILITY | The ATR as a percentage value for RNGR suggests some volalility. |
| Average Directional Index/ADX (14) | 14.87 | 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 |
|---|---|---|---|
| 17.92 | 16.98 | 0.94 (5.25%) | 19.06% |
| An entry @17.92. This is a Buy Stop order right above the resistance zone. | An exit @16.98. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.94 points, which is 5.25%. | For a 1.00% total portfolio risk, you can invest 19.06% 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
17.9
+0.52 (+2.99%)
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 10 / 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 63.5626. 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 positive.
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 17.14 and a resistance level at 17.91. Check the full technical report for our detailed analysis of RNGR support and resistance levels.