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RANGE RESOURCES
RANGE RESOURCES
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: RRC
ISIN:

RANGE RESOURCES - Daily - Technical analysis published on 10/26/2021 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 24.44 USD
My targets
28.38 USD (+8.27%)
32.80 USD (+25.14%)
My analysis
The bullish trend is currently very strong on RANGE RESOURCES. As long as the price remains above the support at 24.44 USD, you could try to benefit from the boom. The first bullish objective is located at 28.38 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 32.80 USD as an objective. Crossing it would then enable buyers to target 58.74 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Smurph77
This analysis was given by Smurph77. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The RANGE RESOURCES rating is 26.21 USD. The price registered an increase of +6.33% on the session and was between 25.28 USD and 26.48 USD. This implies that the price is at +3.68% from its lowest and at -1.02% from its highest.

25.28
26.48
26.21

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of RANGE RESOURCES indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily


Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily


Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily


Resistance of triangle is broken

Type : Bullish

Timeframe : Daily



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 18.48 20.18 24.44 26.21 32.80 58.74 74.80
Change (%) -29.49% -23.01% -6.75% - +25.14% +124.11% +185.39%
Change -7.73 -6.03 -1.77 - +6.59 +32.53 +48.59
Level Major Minor Major - Minor Minor Major



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard24.3024.7925.5025.9926.7027.1927.90
Camarilla25.8825.9926.1026.2126.3226.4326.54
Woodie24.4124.8525.6126.0526.8127.2528.01
Fibonacci24.7925.2525.5325.9926.4526.7327.19


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard24.3024.7925.5025.9926.7027.1927.90
Camarilla25.8825.9926.1026.2126.3226.4326.54
Woodie24.4124.8525.6126.0526.8127.2528.01
Fibonacci24.7925.2525.5325.9926.4526.7327.19


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.6211.5017.0619.9425.5028.3833.94
Camarilla20.3121.0821.8622.6323.4024.1824.95
Woodie9.9712.1718.4120.6126.8529.0535.29
Fibonacci11.5014.7216.7119.9423.1625.1528.38

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 71.43
MACD (12,26,9): 1.4600
Directional Movement: 25.22
AROON (14): 57.14
DEMA (21): 25.19
Parabolic SAR (0,02-0,02-0,2): 22.58
Elder Ray (13): 1.98
Super Trend (3,10): 21.91
Zig ZAG (10): 26.21
VORTEX (21): 1.0800
Stochastique (14,3,5): 73.01
TEMA (21): 25.25
Williams %R (14): -6.38
Chande Momentum Oscillator (20): 3.05
Repulse (5,40,3): 5.7000
ROCnROLL: 1
TRIX (15,9): 1.0900
Courbe Coppock: 12.31
MA7: 24.29
MA20: 23.51
MA50: 19.32
MA100: 17.34
MAexp7: 24.52
MAexp20: 23.17
MAexp50: 20.50
MAexp100: 17.92
Price / MA7: +7.90%
Price / MA20: +11.48%
Price / MA50: +35.66%
Price / MA100: +51.15%
Price / MAexp7: +6.89%
Price / MAexp20: +13.12%
Price / MAexp50: +27.85%
Price / MAexp100: +46.26%

Quotes : - 15 min delayed data - NYSE Stocks

News


Don't forget to follow the news on RANGE RESOURCES. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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