RANGE RESOURCES - Daily - Technical analysis published on 01/23/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
11%
83%
6%
My opinion
Bearish under 3.72 USD
My targets
3.34 USD (-2.91%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on RANGE RESOURCES as long as the price remains well below 3.72 USD. The sellers” bearish objective is set at 3.34 USD. A bearish break of this support would revive the bearish momentum.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
5.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
RANGE RESOURCES rating 3.44 USD. On the day, this instrument lost -1.99% and was traded between 3.41 USD and 3.50 USD over the period. The price is currently at +0.88% from its lowest and -1.71% from its highest.3.41
3.50
3.44
Here is a more detailed summary of the historical variations registered by RANGE RESOURCES:
Technical
Technical analysis of RANGE RESOURCES in Daily shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD indicator is back under 0
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Downside gap
Type : Bearish
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 3.34 | 3.44 | 4.83 | 5.69 | 7.09 |
| Change (%) | -2.91% | - | +40.41% | +65.41% | +106.10% |
| Change | -0.10 | - | +1.39 | +2.25 | +3.65 |
| Level | Major | - | Intermediate | Minor | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 3.19 | 3.38 | 3.51 | 3.70 | 3.83 | 4.02 | 4.15 |
| Camarilla | 3.54 | 3.57 | 3.60 | 3.63 | 3.66 | 3.69 | 3.72 |
| Woodie | 3.15 | 3.37 | 3.47 | 3.69 | 3.79 | 4.01 | 4.11 |
| Fibonacci | 3.38 | 3.51 | 3.58 | 3.70 | 3.83 | 3.90 | 4.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.92 | 3.44 | 3.70 | 4.22 | 4.48 | 5.00 | 5.26 |
| Camarilla | 3.75 | 3.82 | 3.89 | 3.96 | 4.03 | 4.10 | 4.18 |
| Woodie | 2.79 | 3.37 | 3.57 | 4.16 | 4.35 | 4.94 | 5.13 |
| Fibonacci | 3.44 | 3.74 | 3.92 | 4.22 | 4.52 | 4.70 | 5.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.88 | 2.58 | 3.72 | 4.42 | 5.55 | 6.25 | 7.39 |
| Camarilla | 4.35 | 4.51 | 4.68 | 4.85 | 5.02 | 5.19 | 5.36 |
| Woodie | 2.10 | 2.69 | 3.93 | 4.53 | 5.77 | 6.36 | 7.60 |
| Fibonacci | 2.58 | 3.28 | 3.72 | 4.42 | 5.12 | 5.55 | 6.25 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 33.04 | |
| MACD (12,26,9): | -0.1100 | |
| Directional Movement: | -13.89 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 4.23 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.53 | |
| Elder Ray (13): | -0.69 | |
| Super Trend (3,10): | 4.51 | |
| Zig ZAG (10): | 3.51 | |
| VORTEX (21): | 0.7700 | |
| Stochastique (14,3,5): | 2.97 | |
| TEMA (21): | 4.02 | |
| Williams %R (14): | -94.74 | |
| Chande Momentum Oscillator (20): | -0.98 | |
| Repulse (5,40,3): | -17.3900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 24.49 |
| MA7: | 3.99 | |
| MA20: | 4.48 | |
| MA50: | 4.21 | |
| MA100: | 4.14 | |
| MAexp7: | 3.89 | |
| MAexp20: | 4.31 | |
| MAexp50: | 4.29 | |
| MAexp100: | 4.53 | |
| Price / MA7: | -13.78% | |
| Price / MA20: | -23.21% | |
| Price / MA50: | -18.29% | |
| Price / MA100: | -16.91% | |
| Price / MAexp7: | -11.83% | |
| Price / MAexp20: | -20.42% | |
| Price / MAexp50: | -20.05% | |
| Price / MAexp100: | -24.28% |
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:
- Investor Network: Range Resources Corporation to Host Earnings Call
- Range Announces 22% Increase in Proved Reserves; Provides Update on Resource Potential and North Louisiana Extension Wells
- Range Announces Conference Call to Discuss Fourth Quarter and Calendar Year 2016 Financial Results
- Range Issues Statement in Response to the Press Release Issued by Chapter IV Investors, LLC Dated January 3, 2017
- Range Declares Quarterly Dividend
This member declared not having a position on this financial instrument or a related financial instrument.
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