RANGE RESOURCES CORP (RRC) Technical Analysis
NYSE:RRC • US75281A1097
Current stock price
RRC Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to RRC. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month RRC has a been trading in the 40.27 - 48.31 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that RRC is one of the better performing stocks in the market, outperforming 74% of all stocks.
- RRC has an average volume of 3809020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- RRC is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 47% of 209 stocks in the same industry.
- RRC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RRC is lagging the market.
- Volume is considerably higher in the last couple of days.
RRC Weekly and Daily overview Charts
RRC Setup Rating and Analysis
RRC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 42.18, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
RRC Support and Resistance Analysis
32.85
We found 5 important support areas.
- A support zone ranging from 41.60 to 42.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 40.64 to 40.68. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @35.89 from a horizontal line in the daily time frame.
- A support zone ranging from 34.06 to 34.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @33.18 from a horizontal line in the weekly time frame.
RRC 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 RRC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RRC is neutral. |
| ChartMill Relative Strength | 74.57 | POSITIVE | RRC has a high relative strength, it outperformed 74.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RRC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RRC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RRC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.71 | NEUTRAL | The RSI value for RRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests RRC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 53.82 | NEUTRAL | The Stochastics value for RRC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.75 | MEDIUM VOLATILITY | The ATR as a percentage value for RRC suggests some volalility. |
| Average Directional Index/ADX (14) | 18.98 | NEGATIVE | The low ADX value for RRC suggests a weak or negative trend. |
RRC Chart- and CandleStick Pattern Analysis
RRC 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 |
|---|---|---|---|
| 44.25 | 41.59 | 2.65 (6.00%) | 16.66% |
| An entry @44.24. This is a Buy Stop order right above the 10 day high. | An exit @41.59. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.65 points, which is 6.00%. | When investing 16.66% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
RRC Technicals: Chart, Performance Metrics, Trend & Indicators
42.36
-0.28 (-0.66%)
RANGE RESOURCES CORP / RRC TA FAQ
What is the ChartMill technical rating of RANGE RESOURCES CORP (RRC) stock?
ChartMill assigns a technical rating of 7 / 10 to RRC.
Can you provide the trend direction for RANGE RESOURCES CORP?
The current trend direction for RANGE RESOURCES CORP (RRC) is Bullish.
What is the RSI signal for RRC stock?
RANGE RESOURCES CORP (RRC) has an RSI value of 48.7132. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for RANGE RESOURCES CORP?
RANGE RESOURCES CORP (RRC) has a support level at 42.18. Check the full technical report for our detailed analysis of RRC support and resistance levels.