RANGE RESOURCES CORP (RRC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RRC - US75281A1097 - Common Stock
Taking everything into account, RRC scores 0 out of 10 in our technical rating. RRC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of RRC is bad and it also does not present a quality setup 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
31.77
We found 2 important support areas.
- A support zone ranging from 33.18 to 33.34. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 32.09 to 32.10. This zone is formed by a combination of multiple trend lines in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 34.60 to 35.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 36.09 to 36.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 38.84 to 39.33. 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 RRC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RRC is down. |
| ChartMill Relative Strength | 19.41 | NEGATIVE | RRC has a low relative strength, it was outperformed by 80.59% 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) | DOWN | NEGATIVE | The current price of RRC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RRC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.47 | NEUTRAL | The RSI value for RRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests RRC has a negative trend. |
| Stochastics (14,3) | 20.58 | NEUTRAL | The Stochastics value for RRC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for RRC suggests some volalility. |
| Average Directional Index/ADX (14) | 19.98 | NEGATIVE | The low ADX value for RRC suggests a weak or negative trend. |
33.45
-0.45 (-1.33%)
RANGE RESOURCES CORP / RRC FAQ
What is the ChartMill technical rating of RANGE RESOURCES CORP (RRC) stock?
ChartMill assigns a technical rating of 0 / 10 to RRC.
Can you provide the trend direction for RANGE RESOURCES CORP?
The current trend direction for RANGE RESOURCES CORP (RRC) is Bearish.
Can you provide the RSI signal for RANGE RESOURCES CORP?
RANGE RESOURCES CORP (RRC) has an RSI value of 35.466. This indicates that the stock is currently neutral.
Can you provide the MACD signal for RANGE RESOURCES CORP?
The MACD indicator for RANGE RESOURCES CORP (RRC) has a value of -0.116186, indicating a bearish trend.
What are the support and resistance levels for RANGE RESOURCES CORP (RRC) stock?
RANGE RESOURCES CORP (RRC) has a support level at 33.34 and a resistance level at 34.6. Check the full technical report for our detailed analysis of RRC support and resistance levels.