Should You Buy Range Resources Corp (RRC) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/30
RRC is not a good buy right now at $37.38 for an impatient entry. The setup is extended/overbought near first resistance (~$37.95) while Wall Street sentiment has recently drifted more cautious (multiple target cuts and a notable downgrade). If you must take exposure immediately, it’s more of a “small starter only” situation—but based on today’s data, the higher-probability decision is HOLD rather than BUY at this level.
Technical Analysis
Trend/price action: Momentum is bullish but stretched. MACD histogram (+0.437) is above zero and expanding, signaling positive trend strength; however RSI(6) ~77 indicates short-term overbought conditions and increases the odds of a near-term pullback or churn.
Key levels: Pivot 35.962 is the near-term line in the sand. Price $37.38 is approaching R1 37.947 (tight overhead resistance). If it clears R1, next resistance is R2 39.173; failure near R1 increases probability of a retrace toward ~36.0 (pivot) and possibly S1 33.978.
Moving averages: Converging MAs suggest the trend is positive but not in a clean, low-risk “open runway” phase—more consistent with consolidation risk near resistance.
Pattern-based forward look: Similar-pattern stats imply mild upside bias over 1 week (+2.32%) but roughly flat over 1 month (-0.13%), consistent with “near-term pop possible, but not a great chase point.”
Intellectia Proprietary Trading Signals
- [AI Stock Picker](module://ai_stock_pick): No signal on given stock today.
- [SwingMax](module://swingmax): No signal on given stock today.
Analyst Ratings and Price Target Trends
Recent trend: Net negative in the last few weeks—several firms cut price targets (Morgan Stanley $42→$40; Barclays $44→$39; Scotiabank $46→$45) and BofA downgraded to Neutral (PT $44→$38). Earlier, UBS raised PT ($38→$43) and Mizuho maintained Outperform with a higher PT ($46→$48), but the most recent cluster is dominated by trims/caution.
Street pros (bull case): Natural gas demand inflection/deficit narrative (noted by Scotiabank), operational efficiency, and strong recent financial performance.
Street cons (bear case): Risk of oversupply later (BofA’s 2027 concern), near-term commodity uncertainty, and valuation/stock run-up concerns (Piper: rally may have run too far).
Influential/Political flows: No recent congress trading data available; no politician/influencer transactions were provided. Hedge funds and insiders are reported as Neutral with no notable recent trend.
Wall Street analysts forecast RRC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RRC is 42 USD with a low forecast of 36 USD and a high forecast of 48 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Wall Street analysts forecast RRC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RRC is 42 USD with a low forecast of 36 USD and a high forecast of 48 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Current: 37.450
Current: 37.450
