RANGE RESOURCES CORP (RRC) Stock Technical Analysis
NYSE:RRC - New York Stock Exchange, Inc. - US75281A1097 - Common Stock - Currency: USD
Taking everything into account, RRC scores 5 out of 10 in our technical rating. RRC has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
Both the short term and long term trends are positive. This is a very positive sign.
RRC is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 72% of 213 stocks in the same industry.
RRC 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 RRC is lagging the market slightly.
RRC has an average volume of 3081870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, RRC outperforms 62% of them, which is more or less in line with the market.
In the last month RRC has a been trading in the 37.01 - 40.70 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 only medium, RRC does present a nice setup opportunity. 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 39.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 39.15, a Stop Loss order could be placed below this zone.
More info and screens
27.71
41.71
4 important support areas can be observed.
- A support zone ranging from 37.39 to 39.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @34.90 from a trend line in the weekly time frame.
- A support zone ranging from 32.92 to 33.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.99 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 39.71 to 39.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 41.08 to 41.30. 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 | UP | POSITIVE | The long term trend for RRC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RRC is up. |
| ChartMill Relative Strength | 62.56 | NEUTRAL | RRC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RRC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RRC is above a declining 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) | 57.04 | 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) | 59.08 | NEUTRAL | The Stochastics value for RRC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.59 | MEDIUM VOLATILITY | The ATR as a percentage value for RRC suggests some volalility. |
| Average Directional Index/ADX (14) | 19.97 | NEGATIVE | The low ADX value for RRC 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)
39.33
+0.6 (+1.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.55%
1 Week4.3%
2 Weeks-0.03%
1 Month-3.18%
3 Month2.64%
6 Month11.26%
12 Month11.57%
2 Year33.78%
3 Year58.91%
5 Year598.58%
10 Year-20.35%
15 Year-2.04%
Volatility
ATR(14)1.07
ATR(20)%2.59%
ATR Inc-6.99%
Range Today0.96
ADR(20)0.97
ADR(20)%2.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.56
Mansfield0.84
10 Day High39.75
10 Day Low37.01
20 Day High40.7
20 Day Low37.01
52 Week High41.95
52 Week Low27.29
CS1 End39.15
CR1 Start39.71
Volume & EV
DER(3)-2.01%
DER(5)-1.41%
Volume2.62M
Volume Incr2.3%
Vol(5)2.83M
Vol(50)3.08M