--- title: "Pre-market trend | RANGE Resources (RRC) 5/7 Oil and gas stocks deeply trapped in adjustment, short forces gathering again?" type: "News" locale: "en" url: "https://longbridge.com/en/news/285614595.md" description: "Yesterday's close, RANGE Resources (RRC.US) continued to weaken, with the stock price further declining. The daily MACD formed a bearish crossover again below the zero line, which is a clear signal of continued weakness—given that the previous rebound failed to push the momentum indicators back above the zero line, the bearish forces are returning, usually indicating that the adjustment period may continue for some time. The trading volume was approximately $117 million, which is at a mid-range level in the oil and gas exploration and production sector. The trading activity was not particularly quiet, but the buying and selling power comparison clearly favored the bears. The short-term moving averages are under downward pressure, limiting the rebound potential of the stock price. On the news front, the energy sector has recently been affected by multiple intertwined factors. On one hand, the ongoing geopolitical conflicts in the Middle East have raised concerns about energy supply, pushing up oil price expectations—the New York Fed survey shows that consumers' expectations for gasoline price increases have fallen from 9.4% to 5.1%, but remain high. On the other hand, the energy index ETF (XLE) fell about 1.84% yesterday, with overall capital outflow from the sector. As a natural gas producer, RANGE Resources' stock price is more driven by the natural gas price cycle, and currently, the volatility in natural gas prices has increased, leading to market divergence regarding demand prospects. Additionally, the expanding U.S. fiscal deficit and the high interest rate environment are also putting pressure on the valuations of cyclical energy stocks. From a technical perspective, the moving average system clearly shows a bearish arrangement, and the second death cross of the MACD below the zero line further reinforces the bearish judgment" datetime: "2026-05-08T13:00:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285614595.md) - [en](https://longbridge.com/en/news/285614595.md) - [zh-HK](https://longbridge.com/zh-HK/news/285614595.md) --- # Pre-market trend | RANGE Resources (RRC) 5/7 Oil and gas stocks deeply trapped in adjustment, short forces gathering again? Yesterday's close, RANGE Resources (RRC.US) continued to weaken, with the stock price further declining. The daily MACD formed a bearish crossover again below the zero line, which is a clear signal of continued weakness—given that the previous rebound failed to push the momentum indicators back above the zero line, the bearish forces are returning, usually indicating that the adjustment period may continue for some time. The trading volume was about $117 million, which is at a mid-level in the oil and gas exploration and production sector. The market activity is not particularly quiet, but the buying and selling power comparison clearly favors the bears. The short-term moving averages are under downward pressure, limiting the rebound space for the stock price. On the news front, the energy sector has recently been affected by multiple intertwined factors. On one hand, the ongoing geopolitical conflicts in the Middle East have raised concerns about energy supply, pushing up oil price expectations—the New York Fed survey shows that consumers' expectations for gasoline price increases have fallen from 9.4% to 5.1%, but remain at a high level. On the other hand, the energy index ETF (XLE) fell about 1.84% yesterday, with overall capital outflow from the sector. As a natural gas producer, RANGE Resources' stock price is more driven by the natural gas price cycle, and currently, the volatility in natural gas prices has increased, leading to differing market views on the demand side. Additionally, the expanding U.S. fiscal deficit and the high interest rate environment are also putting pressure on the valuations of cyclical energy stocks. From a technical perspective, the moving average system shows a clear bearish arrangement, and the second death cross of the MACD below the zero line further strengthens the bearish judgment. The trading volume remains stable, with no significant panic selling observed, but there is also a lack of signs of active bottom-fishing by funds. The XLE sector is generally weakening, with leading stocks like Chevron and ExxonMobil also under pressure, indicating a bearish sector linkage effect. Pay attention to the recent trends in natural gas futures prices and their direct impact on this stock. The short-term trend reference is bearish, in the context of the overall lack of rebound momentum in the energy sector, with technical and sectoral environments resonating downwards. Only if natural gas prices experience an unexpected rebound or geopolitical events drive capital back into the energy sector could the weak pattern see a turnaround. _This article only provides technical analysis and market information for reference and does not constitute any investment advice. 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