Ranger Oil Corporation (ROCC) Technical Analysis
NASDAQ:ROCC • US70788V1026
Current stock price
ROCC Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to ROCC. ROCC 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.
- ROCC is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 82% of 209 stocks in the same industry do better.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When compared to the yearly performance of all other stocks, ROCC outperforms 54% of them, which is more or less in line with the market.
- ROCC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ROCC is lagging the market slightly.
- In the last month ROCC has a been trading in the 36.56 - 40.04 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
ROCC Weekly and Daily overview Charts
ROCC Setup Rating and Analysis
ROCC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 37.42, a Stop Loss order could be placed below this zone.
More info and screens
ROCC Support and Resistance Analysis
35.74
We found 2 important support areas.
- A support zone ranging from 37.14 to 37.42. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 36.10 to 36.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 38.39 to 39.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 42.36 to 42.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 43.78 to 43.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
ROCC 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 | NEUTRAL | NEUTRAL | The long term trend for ROCC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ROCC is neutral. |
| ChartMill Relative Strength | 54.81 | NEUTRAL | ROCC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ROCC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ROCC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ROCC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.75 | NEUTRAL | The RSI value for ROCC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ROCC has a negative trend. |
| Stochastics (14,3) | 36.69 | NEUTRAL | The Stochastics value for ROCC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for ROCC suggests some volalility. |
| Average Directional Index/ADX (14) | 13.23 | NEGATIVE | The low ADX value for ROCC suggests a weak or negative trend. |
ROCC Chart- and CandleStick Pattern Analysis
ROCC Technicals: Chart, Performance Metrics, Trend & Indicators
37.47
-0.75 (-1.96%)
Ranger Oil Corporation / ROCC TA FAQ
What is the technical rating for ROCC stock?
ChartMill assigns a technical rating of 2 / 10 to ROCC.
Can you provide the trend direction for Ranger Oil Corporation?
The current trend direction for Ranger Oil Corporation (ROCC) is Bearish.
What is the RSI signal for Ranger Oil Corporation (ROCC) stock?
Ranger Oil Corporation (ROCC) has an RSI value of 42.7474. This indicates that the stock is currently neutral.
What is the MACD signal for ROCC stock?
The MACD indicator for Ranger Oil Corporation (ROCC) has a value of -0.0177586, indicating a bearish trend.
What is the support and resistance level for ROCC stock?
Ranger Oil Corporation (ROCC) has a support level at 37.42 and a resistance level at 38.39. Check the full technical report for our detailed analysis of ROCC support and resistance levels.