RANGE RESOURCES CORP (RRC) Stock Technical Analysis
USA - NYSE:RRC - US75281A1097 - Common Stock
35.74 USD
+0.81 (+2.32%)
35.74 USD
0 (0%)
Overall RRC gets a technical rating of 2 out of 10. RRC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
In the last month RRC has a been trading in the 33.06 - 36.36 range, which is quite wide. It is currently trading near the high of this range.
RRC has an average volume of 2878040 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 42% of all stocks.
RRC is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry, RRC did better than 50% 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 has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 35.75. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 35.68, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RRC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
27.71
37.09
4 important support areas can be observed.
- A support zone ranging from 34.79 to 35.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.92 to 33.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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.
- Support @27.99 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 35.75 to 35.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @36.72 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 | DOWN | NEGATIVE | The long term trend for RRC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RRC is neutral. |
| ChartMill Relative Strength | 42.95 | 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) | 56.9 | NEUTRAL | The RSI value for RRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests RRC has a positive trend. |
| Stochastics (14,3) | 47.73 | NEUTRAL | The Stochastics value for RRC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for RRC suggests some volalility. |
| Average Directional Index/ADX (14) | 17.04 | NEGATIVE | The low ADX value for RRC suggests a weak or negative trend. |
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)
35.74
+0.81 (+2.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg2.32%
1 Week-0.42%
2 Weeks4.2%
1 Month7.01%
3 Month-13.27%
6 Month-8.8%
12 Month16.27%
2 Year10.27%
3 Year41.49%
5 Year439.88%
10 Year11.27%
15 Year-6.27%
Volatility
ATR(14)0.93
ATR(20)%2.65%
ATR Inc12.91%
Range Today1.16
ADR(20)0.93
ADR(20)%2.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.95
Mansfield-1.12
10 Day High36.36
10 Day Low33.97
20 Day High36.36
20 Day Low33.06
52 Week High43.5
52 Week Low28.99
CS1 End35.68
CR1 Start35.75
Volume & EV
DER(3)3.79%
DER(5)2.65%
Volume3.82M
Volume Incr22.83%
Vol(5)3.46M
Vol(50)2.88M