RANGE RESOURCES CORP (RRC) Technical Analysis
NYSE:RRC • US75281A1097
Current stock price
41.9 USD
-0.94 (-2.19%)
At close:
42.2 USD
+0.3 (+0.72%)
After Hours:
RRC Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to RRC. RRC has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- In the last month RRC has a been trading in the 41.23 - 48.31 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- RRC has an average volume of 3569730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, RRC did better than 77% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- RRC is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, RRC did better than 47% 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 Weekly and Daily overview Charts
RRC Setup Rating and Analysis
RRC has an average technical rating and also the quality of the setup is 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
RRC Support and Resistance Analysis
32.46
42.32
We found 4 important support areas.
- A support zone ranging from 41.17 to 41.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @35.89 from a horizontal line in the daily time frame.
- A support zone ranging from 34.06 to 34.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 32.79 to 33.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
RRC Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for RRC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RRC is neutral. |
| ChartMill Relative Strength | 77.01 | POSITIVE | RRC has a high relative strength, it outperformed 77.01% 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) | 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) | 42.7 | NEUTRAL | The RSI value for RRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.6 | NEGATIVE | The MACD value suggests RRC has a negative trend. |
| Stochastics (14,3) | 18.74 | OVERSOLD | The low Stochastics value suggests RRC may be oversold. |
| Average True Range in percent/ATR (20) | 4.06 | MEDIUM VOLATILITY | The ATR as a percentage value for RRC suggests some volalility. |
| Average Directional Index/ADX (14) | 26.03 | POSITIVE | The high ADX value value for RRC suggests a strong trend. |
RRC Chart- and CandleStick Pattern Analysis
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)
RRC Example Setup
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 |
|---|---|---|---|
| 43.74 | 41.22 | 2.52 (5.75%) | 17.38% |
| An entry @43.74. This is a Buy Stop order right above the 10 day moving average. | An exit @41.22. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.52 points, which is 5.75%. | When investing 17.38% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of RRC. Please evaluate whether better entry and exit points can be found.
- 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.
RRC Technicals: Chart, Performance Metrics, Trend & Indicators
41.9
-0.94 (-2.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.19%
1 Week-4.05%
2 Weeks-12.07%
1 Month-3.7%
3 Month21.77%
6 Month16.49%
12 Month22.59%
2 Year16.68%
3 Year58.41%
5 Year326.68%
10 Year-5.01%
15 Year-25.77%
Volatility
ATR(14)1.68
ATR(20)%4.06%
ATR Inc-19.78%
Range Today1.74
ADR(20)1.58
ADR(20)%3.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.01
3 months CRS92.74
6 months CRS81.25
Mansfield0.41
10 Day High48.17
10 Day Low41.23
20 Day High48.31
20 Day Low41.23
52 Week High48.31
52 Week Low32.08
CS1 End41.89
CR1 StartN/A
Volume & EV
DER(3)-0.92%
DER(5)-0.25%
Volume2.98M
Volume Incr5.55%
Vol(5)3.81M
Vol(50)3.57M
RANGE RESOURCES CORP / RRC TA FAQ
What is the ChartMill technical rating of RANGE RESOURCES CORP (RRC) stock?
ChartMill assigns a technical rating of 6 / 10 to RRC.
Can you provide the trend direction for RANGE RESOURCES CORP?
The current trend direction for RANGE RESOURCES CORP (RRC) is Bullish.
What is the RSI signal for RRC stock?
RANGE RESOURCES CORP (RRC) has an RSI value of 42.7039. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for RANGE RESOURCES CORP?
RANGE RESOURCES CORP (RRC) has a support level at 41.89. Check the full technical report for our detailed analysis of RRC support and resistance levels.