RANGE RESOURCES CORP (RRC) Stock Technical Analysis
NYSE:RRC - New York Stock Exchange, Inc. - US75281A1097 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to RRC. RRC 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
In the last month RRC has a been trading in the 34.58 - 39.47 range, which is quite wide. It is currently trading near the lows of this range.
RRC has an average volume of 2865290 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 51% of them, which is more or less in line with the market.
RRC is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 59% of 208 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.
RRC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 33.86, a Stop Loss order could be placed below this zone.
More info and screens
27.71
37.10
We found 3 important support areas.
- A support zone ranging from 32.92 to 33.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @32.09 from a horizontal line in the daily time frame.
- Support @27.99 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 35.62 to 35.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 36.61 to 36.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
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 | 51.73 | NEUTRAL | RRC is not amongst the best or worst performers 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) | UP | MIXED | The current price of RRC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.14 | NEUTRAL | The RSI value for RRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests RRC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.84 | OVERSOLD | The low Stochastics value suggests RRC may be oversold. |
| 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) | 27.65 | POSITIVE | The high ADX value value for RRC suggests a strong 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)
35.05
-0.19 (-0.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.54%
1 Week-4.47%
2 Weeks-1.88%
1 Month-6.46%
3 Month-7.42%
6 Month-5.91%
12 Month17.54%
2 Year8.25%
3 Year6.66%
5 Year369.84%
10 Year-9.24%
15 Year3.67%
Volatility
ATR(14)1.16
ATR(20)%3.11%
ATR Inc-30.63%
Range Today0.97
ADR(20)1.05
ADR(20)%3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.73
Mansfield-0.88
10 Day High37.15
10 Day Low34.58
20 Day High39.47
20 Day Low34.58
52 Week High43.5
52 Week Low27.55
CS1 End33.86
CR1 Start35.62
Volume & EV
DER(3)-0.84%
DER(5)-1.44%
Volume1.58M
Volume Incr-28.15%
Vol(5)2.21M
Vol(50)2.87M