RANGER ENERGY SERVICES-CL A (RNGR) Stock Technical Analysis
NYSE:RNGR - New York Stock Exchange, Inc. - US75282U1043 - Common Stock - Currency: USD
Overall RNGR gets a technical rating of 1 out of 10. RNGR has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
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.
When comparing the performance of all stocks over the past year, RNGR turns out to be only a medium performer in the overall market: it outperformed 52% of all stocks.
RNGR is part of the Energy Equipment & Services industry. There are 62 other stocks in this industry, RNGR did better than 67% of them.
In the last month RNGR has a been trading in the 11.62 - 13.16 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, RNGR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 12.36. Right above this resistance zone may be a good entry point.
More info and screens
10.53
13.07
When analyzing the support we notice one important area.
- A support zone ranging from 10.64 to 10.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 12.36 to 12.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 12.86 to 12.94. 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 | DOWN | NEGATIVE | The long term trend for RNGR is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RNGR is neutral. |
| ChartMill Relative Strength | 52.23 | NEUTRAL | RNGR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RNGR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RNGR is above a declining 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) | 52.11 | NEUTRAL | The RSI value for RNGR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests RNGR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 52.23 | NEUTRAL | The Stochastics value for RNGR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.38 | MEDIUM VOLATILITY | The ATR as a percentage value for RNGR suggests some volalility. |
| Average Directional Index/ADX (14) | 16.04 | NEGATIVE | The low ADX value for RNGR suggests a weak or negative 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)
12.31
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg0%
1 Week-0.24%
2 Weeks0.49%
1 Month-4.8%
3 Month0.49%
6 Month-22.29%
12 Month16.13%
2 Year17.24%
3 Year33.95%
5 Year364.53%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.4
ATR(20)%3.38%
ATR Inc-20.81%
Range Today0.28
ADR(20)0.41
ADR(20)%3.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.23
Mansfield-1.57
10 Day High12.7
10 Day Low11.62
20 Day High13.16
20 Day Low11.62
52 Week High18.45
52 Week Low10.56
CS1 End10.74
CR1 Start12.36
Volume & EV
DER(3)-5.67%
DER(5)-5.57%
Volume113.00K
Volume Incr-37.1%
Vol(5)158.34K
Vol(50)211.46K