RANGE RESOURCES CORP (RRC) Stock Technical Analysis
USA - NYSE:RRC - US75281A1097 - Common Stock
Overall RRC gets a technical rating of 7 out of 10. Although RRC has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
RRC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 36.84, a Stop Loss order could be placed below this zone.
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31.78
When analyzing the support we can see 4 important areas.
- A support zone ranging from 36.58 to 36.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 34.06 to 34.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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.
- Support @32.10 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @39.33 from a horizontal line 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 | NEUTRAL | NEUTRAL | The long term trend for RRC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RRC is up. |
| ChartMill Relative Strength | 76.86 | POSITIVE | RRC has a high relative strength, it outperformed 76.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RRC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RRC is above 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) | 61.02 | NEUTRAL | The RSI value for RRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests RRC has a positive trend. |
| Stochastics (14,3) | 88.94 | OVERBOUGHT | The high Stochastics value suggests RRC may be overbought. |
| Average True Range in percent/ATR (20) | 3.26 | MEDIUM VOLATILITY | The ATR as a percentage value for RRC suggests some volalility. |
| Average Directional Index/ADX (14) | 15.18 | NEGATIVE | The low ADX value for RRC suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 39.34 | 36.57 | 2.77 (7.04%) | 14.20% |
| An entry @39.34. This is a Buy Stop order right above the resistance zone. | An exit @36.57. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.77 points, which is 7.04%. | When investing 14.20% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
38.88
+1.17 (+3.1%)
RANGE RESOURCES CORP / RRC FAQ
What is the ChartMill technical rating of RANGE RESOURCES CORP (RRC) stock?
ChartMill assigns a technical rating of 7 / 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 61.0192. 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 0.2044, indicating a bearish trend.