RANGE RESOURCES CORP (RRC) Technical Analysis
NYSE:RRC • US75281A1097
Current stock price
RRC Technical Rating and Analysis
Overall RRC gets a technical rating of 10 out of 10. Both in the recent history as in the last year, RRC has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, RRC did better than 80% of all other stocks.
- RRC is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so RRC is performing more or less in line with the market.
- RRC has an average volume of 3525590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- RRC is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 43% of 209 stocks in the same industry.
- In the last month RRC has a been trading in the 40.30 - 48.31 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RRC Weekly and Daily overview Charts
RRC Setup Rating and Analysis
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
RRC Support and Resistance Analysis
32.46
4 important support areas can be observed.
- A support zone ranging from 43.44 to 43.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @35.89 from a horizontal line in the daily time frame.
- A support zone ranging from 34.06 to 34.35. 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 | UP | POSITIVE | The short term trend for RRC is up. |
| ChartMill Relative Strength | 80.57 | POSITIVE | RRC has a high relative strength, it outperformed 80.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RRC is below 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) | 51.1 | NEUTRAL | The RSI value for RRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests RRC has a negative trend. |
| Stochastics (14,3) | 31.9 | NEUTRAL | The Stochastics value for RRC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.84 | MEDIUM VOLATILITY | The ATR as a percentage value for RRC suggests some volalility. |
| Average Directional Index/ADX (14) | 34.79 | POSITIVE | The high ADX value value for RRC suggests a strong trend. |
RRC Chart- and CandleStick Pattern Analysis
RRC Technicals: Chart, Performance Metrics, Trend & Indicators
43.45
-0.05 (-0.11%)
RANGE RESOURCES CORP / RRC TA FAQ
What is the ChartMill technical rating of RANGE RESOURCES CORP (RRC) stock?
ChartMill assigns a technical rating of 10 / 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 51.0979. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for RANGE RESOURCES CORP?
The buy/sell signal for RANGE RESOURCES CORP (RRC) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for RANGE RESOURCES CORP?
RANGE RESOURCES CORP (RRC) has a support level at 43.44. Check the full technical report for our detailed analysis of RRC support and resistance levels.