RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of RRC
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Range Resources Corporation stock price ended at $34.43 on Thursday, after gaining 0.233%.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 01, 2024 Gain 7.13% PDF

The Range Resources Corporation stock price gained 0.233% on the last trading day (Thursday, 28th Mar 2024), rising from $34.35 to $34.43. During the last trading day the stock fluctuated 1.38% from a day low at $34.29 to a day high of $34.76. The price has risen in 8 of the last 10 days and is up by 7.09% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 54 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $75.85 million.

The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $34.86 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 12.97% during the next 3 months and, with a 90% probability hold a price between $34.11 and $39.38 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

RRC Signals & Forecast

The Range Resources Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $33.49 and $31.79. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 07, 2024, and so far it has risen 23.41%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Range Resources Corporation stock

Range Resources Corporation finds support from accumulated volume at $32.88 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.474 between high and low, or 1.38%. For the last week the stock has had daily average volatility of 2.17%.

Our recommended stop-loss: $33.16 (-3.68%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 35 days ago.)

Trading Expectations (RRC) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Range Resources Corporation to open at $34.49, and during the day (based on 14 day Average True Range), to move between $33.62 and $35.24, which gives a possible trading interval of +/-$0.81 (+/-2.35%) up or down from last closing price. If Range Resources Corporation takes out the full calculated possible swing range there will be an estimated 4.69% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $32.88, some $1.55 (4.50%) from the current price of $34.43, our system finds the risk reward attractive.

Is Range Resources Corporation stock A Buy?

Range Resources Corporation holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Current score: 5.541 Strong Buy Candidate Unchanged

Predicted Opening Price for Range Resources Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$34.49 ( 0.180%) $34.43

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for RRC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 34.97 1.56 %
R2 34.78 1.03 %
R1 34.67 0.706 %
Current price: 34.43
Support S1 34.31 -0.346 %
S2 34.20 -0.671 %
S3 34.02 -1.20 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 34.43
Support S1 32.88 -4.50%
S2 31.78 -7.70%
S3 29.70 -13.74%

RRC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 01, 2024 Mar 14, 2024 Mar 29, 2024 $0.0800 0.232%
2 Dec 01, 2023 Dec 14, 2023 Dec 29, 2023 $0.0800 0.263%
3 Aug 31, 2023 Sep 14, 2023 Sep 29, 2023 $0.0800 0.247%
4 May 31, 2023 Jun 15, 2023 Jun 30, 2023 $0.0800 0.272%
5 Mar 01, 2023 Mar 14, 2023 Mar 31, 2023 $0.0800 0.302%

FAQ

What is the symbol for Range Resources Corporation Stock and on which exchange is it traded?
The symbol for Range Resources Corporation is RRC and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Range Resources Corporation Stock?
Range Resources Corporation holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

How to buy Range Resources Corporation Stock?
Range Resources Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Range Resources Corporation Stock.

What's the current price of Range Resources Corporation Stock?
As of the end of day on the 2024-03-28, the price of an Range Resources Corporation (RRC) share was $34.43.

What is the 52-week high and low for Range Resources Corporation Stock?
The 52-week high for Range Resources Corporation Stock is $37.88 and the 52-week low is $23.92.

What is the market capitalization of Range Resources Corporation Stock?
As of the 2024-03-28, the market capitalization of Range Resources Corporation is 8.336B.

When is the next earnings date for Range Resources Corporation?
The upcoming earnings date for Range Resources Corporation is Apr 22, 2024.
Click to get the best stock tips daily for free!

About Range Resources Corporation

Range Resources Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company in the United States. The company engages in the exploration, development, and acquisition of natural gas and oil properties. As of December 31, 2021, the company owned and operated 1,350 net producing wells and approximately 794,000 net acres under lease located in the Appalachian region of the northeastern United States. It markets an... RRC Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT