Trading Range Resources RRC With Integrated Risk Controls
February 10, 2023, 18:15 pm ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for RRC
- Buy RRC slightly over 23.45 target 28.69 stop loss @ 23.38 Details
The technical summary data tells us to buy RRC near 23.45 with an upside target of 28.69. This data also tells us to set a stop loss @ 23.38 to protect against excessive loss in case the stock begins to move against the trade. 23.45 is the first level of support below 25.61 , and by rule, any test of support is a buy signal. In this case, support 23.45 would be being tested, so a buy signal would exist.
- Short RRC slightly under 28.69, target 23.45, stop loss @ 28.77 Details
The technical summary data is suggesting a short of RRC as it gets near 28.69 with a downside target of 23.45. We should have a stop loss in place at 28.77though. 28.69 is the first level of resistance above 25.61, and by rule, any test of resistance is a short signal. In this case, if resistance 28.69 is being tested, so a short signal would exist.
Swing Trading Plans for RRC
- Buy RRC slightly over 28.69, target 34.41, Stop Loss @ 28.61 Details
If 28.69 begins to break higher, the technical summary data tells us to buy RRC just slightly over 28.69, with an upside target of 34.41. The data also tells us to set a stop loss @ 28.61 in case the stock turns against the trade. 28.69 is the first level of resistance above 25.61, and by rule, any break above resistance is a buy signal. In this case, 28.69, 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 28.69, target 24.10, Stop Loss @ 28.77. Details
The technical summary data is suggesting a short of RRC if it tests 28.69 with a downside target of 24.10. We should have a stop loss in place at 28.77 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, 28.69, 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 28.69, target 34.41, Stop Loss @ 28.62 Details
If 28.69 begins to break higher, the technical summary data tells us to buy RRC just slightly over 28.69, with an upside target of 34.41. The data also tells us to set a stop loss @ 28.62 in case the stock turns against the trade. 28.69 is the first level of resistance above 25.61, and by rule, any break above resistance is a buy signal. In this case, 28.69, 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 28.69, target 24.43, Stop Loss @ 28.76. Details
The technical summary data is suggesting a short of RRC if it tests 28.69 with a downside target of 24.43. We should have a stop loss in place at 28.76 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, 28.69, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Range Resources (RRC) available here: RRC.
RRC Ratings for February 10:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Neutral |
| P1 |
0 |
0 |
23.45 |
| P2 |
23.32 |
22.88 |
28.69 |
| P3 |
24.43 |
24.10 |
34.41 |
AI Generated Signals for RRC
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for RRC:
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