Range Resources Stock Forward View - Triple Exponential Smoothing
| RRC Stock | USD 35.99 0.53 1.45% |
Range Stock outlook is based on your current time horizon. Investors can use this forecasting interface to forecast Range Resources stock prices and determine the direction of Range Resources Corp's future trends based on various well-known forecasting models. We suggest always using this module together with an analysis of Range Resources' historical fundamentals, such as revenue growth or operating cash flow patterns.
At the present time the value of relative strength index of Range Resources' share price is below 20 indicating that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
Using Range Resources hype-based prediction, you can estimate the value of Range Resources Corp from the perspective of Range Resources response to recently generated media hype and the effects of current headlines on its competitors.
The Triple Exponential Smoothing forecasted value of Range Resources Corp on the next trading day is expected to be 36.12 with a mean absolute deviation of 0.61 and the sum of the absolute errors of 36.07. Range Resources after-hype prediction price | USD 36.53 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Check out Historical Fundamental Analysis of Range Resources to cross-verify your projections. Range Resources Additional Predictive Modules
Most predictive techniques to examine Range price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Range using various technical indicators. When you analyze Range charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Range Resources Triple Exponential Smoothing Price Forecast For the 6th of February
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Range Resources Corp on the next trading day is expected to be 36.12 with a mean absolute deviation of 0.61, mean absolute percentage error of 0.62, and the sum of the absolute errors of 36.07.Please note that although there have been many attempts to predict Range Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Range Resources' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Range Resources Stock Forecast Pattern
| Backtest Range Resources | Range Resources Price Prediction | Research Analysis |
Range Resources Forecasted Value
In the context of forecasting Range Resources' Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Range Resources' downside and upside margins for the forecasting period are 34.02 and 38.22, respectively. We have considered Range Resources' daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Range Resources stock data series using in forecasting. Note that when a statistical model is used to represent Range Resources stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | Huge |
| Bias | Arithmetic mean of the errors | 0.0933 |
| MAD | Mean absolute deviation | 0.6114 |
| MAPE | Mean absolute percentage error | 0.0168 |
| SAE | Sum of the absolute errors | 36.0707 |
Predictive Modules for Range Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Range Resources Corp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Range Resources After-Hype Price Density Analysis
As far as predicting the price of Range Resources at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Range Resources or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Range Resources, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Range Resources Estimiated After-Hype Price Volatility
In the context of predicting Range Resources' stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Range Resources' historical news coverage. Range Resources' after-hype downside and upside margins for the prediction period are 34.42 and 38.64, respectively. We have considered Range Resources' daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Range Resources is very steady at this time. Analysis and calculation of next after-hype price of Range Resources Corp is based on 3 months time horizon.
Range Resources Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Range Resources is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Range Resources backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Range Resources, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.04 | 2.10 | 0.00 | 0.00 | 0 Events / Month | 0 Events / Month | Within a week |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
35.99 | 36.53 | 0.03 |
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Range Resources Hype Timeline
On the 5th of February Range Resources Corp is traded for 35.99. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Range is projected to increase in value after the next headline, with the price projected to jump to 36.53 or above. The average volatility of media hype impact on the company the price is insignificant. The price growth on the next news is projected to be 0.03%, whereas the daily expected return is at this time at -0.04%. The volatility of related hype on Range Resources is about 0.0%, with the expected price after the next announcement by competition of 35.99. The company reported the last year's revenue of 2.35 B. Total Income to common stockholders was 266.34 M with profit before taxes, overhead, and interest of 1.4 B. Considering the 90-day investment horizon the next projected press release will be within a week. Check out Historical Fundamental Analysis of Range Resources to cross-verify your projections.Range Resources Related Hype Analysis
Having access to credible news sources related to Range Resources' direct competition is more important than ever and may enhance your ability to predict Range Resources' future price movements. Getting to know how Range Resources' peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Range Resources may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| PR | Permian Resources | 0.00 | 0 per month | 1.47 | 0.18 | 3.28 | (2.42) | 7.79 | |
| OVV | Ovintiv | 0.00 | 0 per month | 1.94 | 0.10 | 3.86 | (3.04) | 8.85 | |
| APA | APA Corporation | 0.00 | 0 per month | 2.25 | 0.07 | 3.77 | (3.50) | 11.27 | |
| AR | Antero Resources Corp | 0.00 | 0 per month | 2.66 | (0) | 3.73 | (3.89) | 12.45 | |
| AM | Antero Midstream Partners | 0.00 | 0 per month | 1.17 | 0.08 | 1.40 | (1.86) | 5.56 | |
| HESM | Hess Midstream Partners | 0.00 | 0 per month | 1.08 | 0.04 | 1.88 | (1.78) | 5.02 | |
| DINO | HF Sinclair Corp | 0.00 | 0 per month | 1.58 | 0.01 | 4.03 | (2.57) | 7.95 | |
| NFG | National Fuel Gas | 0.00 | 0 per month | 0.90 | 0.07 | 1.63 | (1.42) | 5.52 | |
| CNX | CNX Resources Corp | 0.00 | 0 per month | 1.76 | 0.07 | 3.19 | (3.34) | 8.32 | |
| CHRD | Chord Energy Corp | 0.00 | 0 per month | 1.98 | 0.09 | 3.54 | (3.61) | 10.10 |
Other Forecasting Options for Range Resources
For every potential investor in Range, whether a beginner or expert, Range Resources' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Range Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Range. Basic forecasting techniques help filter out the noise by identifying Range Resources' price trends.Range Resources Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Range Resources stock to make a market-neutral strategy. Peer analysis of Range Resources could also be used in its relative valuation, which is a method of valuing Range Resources by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Range Resources Market Strength Events
Market strength indicators help investors to evaluate how Range Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Range Resources shares will generate the highest return on investment. By undertsting and applying Range Resources stock market strength indicators, traders can identify Range Resources Corp entry and exit signals to maximize returns.
| Accumulation Distribution | 71095.75 | |||
| Daily Balance Of Power | (0.49) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 36.13 | |||
| Day Typical Price | 36.08 | |||
| Price Action Indicator | (0.41) | |||
| Period Momentum Indicator | (0.53) |
Range Resources Risk Indicators
The analysis of Range Resources' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Range Resources' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting range stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.62 | |||
| Standard Deviation | 2.1 | |||
| Variance | 4.42 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for Range Resources
The number of cover stories for Range Resources depends on current market conditions and Range Resources' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Range Resources is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Range Resources' long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Range Resources Short Properties
Range Resources' future price predictability will typically decrease when Range Resources' long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Range Resources Corp often depends not only on the future outlook of the potential Range Resources' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Range Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 242.7 M | |
| Cash And Short Term Investments | 304.5 M |
Check out Historical Fundamental Analysis of Range Resources to cross-verify your projections. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Will Oil & Gas Exploration & Production sector continue expanding? Could Range diversify its offerings? Factors like these will boost the valuation of Range Resources. Anticipated expansion of Range directly elevates investor willingness to pay premium valuations. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Range Resources data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Understanding Range Resources Corp requires distinguishing between market price and book value, where the latter reflects Range's accounting equity. The concept of intrinsic value - what Range Resources' is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Market sentiment, economic cycles, and investor behavior can push Range Resources' price substantially above or below its fundamental value.
It's important to distinguish between Range Resources' intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Range Resources should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. In contrast, Range Resources' trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.