Technical Analysis Perspective: Graphic Packaging Holding Company (GPK), Range Resources Corporation (RRC)

Graphic Packaging Holding Company (NYSE:GPK) traded at an unexpectedly low level on 11/24/2017 when the stock experienced a -0.27% loss to a closing price of $14.86. The company saw 0.94 million shares trade hands over the course of the day. Given that its average daily volume over the 30 days has been 3.41 million shares a day, this signifies a pretty significant change over the norm.

Graphic Packaging Holding Company (GPK) Max Upside Potential Is 34.59%

Analysts are speculating a 34.59% move, based on the high target price ($20) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $17.5 price target, but the stock is already up 23.83% from its recent lows. However, the stock is trading at -6.25% versus recent highs ($15.85). Analysts believe that we could see stock price minimum in the $15 range (lowest target price), allowing for another 0.94% jump from its current position. Leading up to this report, we have seen a -2.94% fall in the stock price over the last 30 days and a 13.7% increase over the past 3 months. Overall, the share price is up 19.07% so far this year. Additionally, GPK had a day price range of $14.82 to $14.97.

Graphic Packaging Holding Company (GPK) RSI Reaches 44.24

Heading into the stock price potential, Graphic Packaging Holding Company needs to grow just 17.77% to cross its median price target of $17.5. In order to determine directional movement, the 50-day and 200-day moving averages for Graphic Packaging Holding Company (NYSE:GPK) are $14.97 and $13.83. Given that liquidity is king in short-term, GPK is a stock with 310.72 million shares outstanding that normally trades 1.81% of its float. The stock price recently experienced a 5-day loss of -3.94% with 0.28 average true range (ATR). GPK has a beta of 1.22 and RSI is 44.24.

Range Resources Corporation (NYSE:RRC)’s -7.94% Lead Over A Technical Metric

On the other hand, Range Resources Corporation by far traveled 8.6% versus a 1-year low price of $15.99. The share price was last seen -1.81% lower, reaching at $17.37 on Nov. 24, 2017. At recent session, the prices were hovering between $17.34 and $17.7899. This company shares are 67.24% off its target price of $29.05 and the current market capitalization stands at $4.11B. The recent change has given its price a -7.94% deficit over SMA 50 and -56.18% deficit over its 52-week high. The stock witnessed -3.93% declines, -4.4% declines and -28.22% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found RRC’s volatility during a week at 3.4% and during a month it has been found around 3.59%.

Range Resources Corporation (NYSE:RRC) Is Less Active With 2.39 million Shares

Range Resources Corporation (RRC) exchanged hands at an unexpectedly low level of 2.39 million shares over the course of the day. Noting its average daily volume at 6.67 million shares each day over the month, this signifies a pretty significant change over the norm.

Range Resources Corporation Is Worth At Least $17

The market experts are predicting a 256.94% rally, based on the high target price ($62) for Range Resources Corporation shares that is likely to be hit in the 52 weeks. Analysts anticipate that traders could see stock price minimum in the $17 range (lowest target price). If faced, it would be a -2.13% drop from its current position. Overall, the share price is down -49.45% year to date.

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