RANGE RESOURCES CORP (RRC) Stock Technical Analysis
NYSE:RRC - New York Stock Exchange, Inc. - US75281A1097 - Common Stock - Currency: USD
Overall RRC gets a technical rating of 2 out of 10. 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.
In the last month RRC has a been trading in the 36.85 - 43.50 range, which is quite wide. It is currently trading near the lows of this range.
RRC has an average volume of 2738690 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the performance of all stocks over the past year, RRC turns out to be only a medium performer in the overall market: it outperformed 63% of all stocks.
RRC is part of the Oil, Gas & Consumable Fuels industry. There are 211 other stocks in this industry, RRC did better than 65% of them.
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 poor technical rating and the quality of the setup is also only medium 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
27.71
39.42
When analyzing the support we can see 4 important areas.
- Support @37.46 from a horizontal line in the daily time frame.
- Support @35.57 from a trend line in the weekly time frame.
- A support zone ranging from 32.92 to 33.38. 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 38.89 to 39.03. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for RRC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RRC is down. |
| ChartMill Relative Strength | 63.47 | 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) | UP | MIXED | The current price of RRC is below 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) | 42.73 | NEUTRAL | The RSI value for RRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.44 | NEGATIVE | The MACD value suggests RRC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.41 | 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) | 23.05 | NEUTRAL | The ADX value for RRC suggests a possible start of a new 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)
38.26
+0.6 (+1.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.59%
1 Week-0.93%
2 Weeks-6.48%
1 Month-2.72%
3 Month14.59%
6 Month0.24%
12 Month9.88%
2 Year21.73%
3 Year15.69%
5 Year492.26%
10 Year-2.75%
15 Year3.07%
Volatility
ATR(14)1.08
ATR(20)%3.11%
ATR Inc-33.82%
Range Today0.64
ADR(20)1.18
ADR(20)%3.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.47
Mansfield0.1
10 Day High41.24
10 Day Low36.85
20 Day High43.5
20 Day Low36.85
52 Week High43.5
52 Week Low27.29
CS1 End37.46
CR1 Start38.89
Volume & EV
DER(3)-0.13%
DER(5)0.68%
Volume2.54M
Volume Incr1.97%
Vol(5)2.82M
Vol(50)2.74M