RANGE RESOURCES CORP (RRC) Stock Technical Analysis
NYSE:RRC • US75281A1097
Overall RRC gets a technical rating of 7 out of 10. In the last year, RRC was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- RRC is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 67% of 206 stocks in the same industry do better.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month RRC has a been trading in the 34.92 - 39.86 range, which is quite wide. It is currently trading near the high of this range.
- RRC has an average volume of 3215010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- 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 47% of all stocks.
- 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.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although RRC has an excellent technical rating, the quality of the presented setup is not ideal 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
32.46
5 important support areas can be observed.
- Support @39.33 from a horizontal line in the daily time frame.
- A support zone ranging from 36.56 to 37.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 35.40 to 35.89. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 33.90 to 34.06. 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.
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 | 47.3 | NEUTRAL | RRC is not amongst the best or worst performers 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) | 66.5 | NEUTRAL | The RSI value for RRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests RRC has a positive trend. |
| Stochastics (14,3) | 89.44 | OVERBOUGHT | The high Stochastics value suggests RRC may be overbought. |
| Average True Range in percent/ATR (20) | 3.47 | MEDIUM VOLATILITY | The ATR as a percentage value for RRC suggests some volalility. |
| Average Directional Index/ADX (14) | 13.84 | 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 |
|---|---|---|---|
| 39.87 | 39.32 | 0.55 (1.38%) | 25.00% |
| An entry @39.87. This is a Buy Stop order right above the 10 day high. | An exit @39.32. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.55 points, which is 1.38%. | For a 0.34% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
39.71
+0.57 (+1.46%)
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.
Can you provide the trend direction for RANGE RESOURCES CORP?
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 66.4981. This indicates that the stock is currently neutral.
Can you provide the MACD signal for RANGE RESOURCES CORP?
The MACD indicator for RANGE RESOURCES CORP (RRC) has a value of 0.318572, indicating a bearish trend.
What are the support and resistance levels for RANGE RESOURCES CORP (RRC) stock?
RANGE RESOURCES CORP (RRC) has a support level at 39.33. Check the full technical report for our detailed analysis of RRC support and resistance levels.