RANGE RESOURCES CORP (RRC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RRC - US75281A1097 - Common Stock
We assign a technical rating of 4 out of 10 to RRC. RRC has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- In the last month RRC has a been trading in the 32.68 - 37.25 range, which is quite wide. It is currently trading near the high of this range.
- RRC has an average volume of 3136110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When compared to the yearly performance of all other stocks, RRC outperforms 44% of them, which is more or less in line with the market.
- RRC is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 40% of 207 stocks in the same industry.
- 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 only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 38.39. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
32.29
We found 2 important support areas.
- A support zone ranging from 33.18 to 33.68. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @32.62 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 38.39 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 | NEUTRAL | NEUTRAL | The long term trend for RRC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RRC is neutral. |
| ChartMill Relative Strength | 44.67 | 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) | DOWN | MIXED | The current price of RRC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of RRC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.45 | NEUTRAL | The RSI value for RRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.37 | POSITIVE | The MACD value suggests RRC has a positive trend. |
| Stochastics (14,3) | 81.25 | OVERBOUGHT | The high Stochastics value suggests RRC may be overbought. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for RRC suggests some volalility. |
| Average Directional Index/ADX (14) | 17.84 | NEGATIVE | The low ADX value for RRC suggests a weak or negative trend. |
36.74
+0.99 (+2.77%)
RANGE RESOURCES CORP / RRC FAQ
What is the ChartMill technical rating of RANGE RESOURCES CORP (RRC) stock?
ChartMill assigns a technical rating of 4 / 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 58.4542. 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 0.36831, 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 33.68 and a resistance level at 38.39. Check the full technical report for our detailed analysis of RRC support and resistance levels.