RANGE RESOURCES CORP (RRC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RRC - US75281A1097 - Common Stock
We assign a technical rating of 0 out of 10 to RRC. 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.
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
31.77
We found 3 important support areas.
- Support @34.06 from a horizontal line in the daily time frame.
- 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 36.88 to 37.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 39.15 to 39.90. 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 | 37.15 | 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) | DOWN | NEGATIVE | The current price of RRC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.44 | NEUTRAL | The RSI value for RRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests RRC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.22 | OVERSOLD | The low Stochastics value suggests RRC may be oversold. |
| Average True Range in percent/ATR (20) | 3.33 | MEDIUM VOLATILITY | The ATR as a percentage value for RRC suggests some volalility. |
| Average Directional Index/ADX (14) | 20.65 | NEUTRAL | The ADX value for RRC suggests a possible start of a new trend. |
35.25
-0.68 (-1.89%)
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.
What is the current trend direction of RANGE RESOURCES CORP (RRC) stock?
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 45.443. This indicates that the stock is currently neutral.
What is the MACD signal for RANGE RESOURCES CORP (RRC) stock?
The MACD indicator for RANGE RESOURCES CORP (RRC) has a value of -0.277666, indicating a bearish trend.
What is the buy/sell signal for RRC stock?
The buy/sell signal for RANGE RESOURCES CORP (RRC) is sell as both the short term and long term trends are negative.