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Range Resources $RRC Trading Signals

Longer Term Trading Plans for RRC
  • Buy RRC slightly over 22.54 target 27.21 stop loss @ 22.47 Details
  • The technical summary data tells us to buy RRC near 22.54 with an upside target of 27.21. This data also tells us to set a stop loss @ 22.47 to protect against excessive loss in case the stock begins to move against the trade. 22.54 is the first level of support below 23.47 , and by rule, any test of support is a buy signal. In this case, support 22.54 would be being tested, so a buy signal would exist.

  • Short RRC slightly under 27.21, target 22.54, stop loss @ 27.29 Details
  • The technical summary data is suggesting a short of RRC as it gets near 27.21 with a downside target of 22.54. We should have a stop loss in place at 27.29though. 27.21 is the first level of resistance above 23.47, and by rule, any test of resistance is a short signal. In this case, if resistance 27.21 is being tested, so a short signal would exist.

Swing Trading Plans for RRC
  • Buy RRC slightly over 24.12, target 27.21, Stop Loss @ 24.05 Details
  • If 24.12 begins to break higher, the technical summary data tells us to buy RRC just slightly over 24.12, with an upside target of 27.21. The data also tells us to set a stop loss @ 24.05 in case the stock turns against the trade. 24.12 is the first level of resistance above 23.47, and by rule, any break above resistance is a buy signal. In this case, 24.12, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short RRC slightly near 24.12, target 22.85, Stop Loss @ 24.19. Details
  • The technical summary data is suggesting a short of RRC if it tests 24.12 with a downside target of 22.85. We should have a stop loss in place at 24.19 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 24.12, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for RRC
  • Buy RRC slightly over 23.58, target 24.12, Stop Loss @ 23.52 Details
  • If 23.58 begins to break higher, the technical summary data tells us to buy RRC just slightly over 23.58, with an upside target of 24.12. The data also tells us to set a stop loss @ 23.52 in case the stock turns against the trade. 23.58 is the first level of resistance above 23.47, and by rule, any break above resistance is a buy signal. In this case, 23.58, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short RRC slightly near 23.58, target 22.85, Stop Loss @ 23.64. Details
  • The technical summary data is suggesting a short of RRC if it tests 23.58 with a downside target of 22.85. We should have a stop loss in place at 23.64 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 23.58, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Real Time Updates are available on our Range Resources (RRC) Page here: RRC.

RRC Ratings for March 21:

Term →Near Mid Long
Rating Strong Weak Neutral
P1 0 0 22.54
P2 22.49 22.85 27.21
P3 23.58 24.12 32.37
Triggers may have already come
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Support and Resistance Plot Chart for RRC

RRC Long Term Analysis for March 21 2023

Blue = Current Price
Red= Resistance
Green = Support

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Trading Range Resources (NYSE: RRC) can be efficient and rewarding, especially in volatile markets, so long as the important pivot points for the stock are observed before making decisions to buy, sell, or short.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for RRC change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if RRC is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for RRC too.  All of these are offered below the Summary Table.