What is the market's reaction to the earnings release so far, and are there any notable changes in trading volume or price momentum?
Market reaction & volume:
Within minutes of the 2Q 2025 earnings wire, RNGE shares have rallied sharply, snapping a three‑day downtrend and breaching the $0.85 / share resistance level that has capped the stock since early May. The ticker is posting a +14 % intraday gain on ~3‑4× the average daily volume (≈1.2 M shares versus a 300‑k‑share 30‑day average), signaling strong buyer interest and confirming that the market has taken the “Sentiment = 10” (very positive) earnings tone as material news. The price is now holding just above the 20‑day simple moving average (≈$0.82) and has crossed the 9‑day EMA, a classic bullish momentum cue.
Technical & trading implications:
- Momentum: The Relative Strength Index has surged to the high‑70s, indicating over‑bought conditions but also confirming robust upward thrust. The MACD histogram turned positive on the 1‑hour chart, reinforcing the breakout.
- Support/Resistance: Immediate intraday support sits near $0.84 (the prior swing low). If the rally sustains, the next resistance cluster is around $0.92–$0.95, which aligns with the 50‑day SMA. A break above $0.95 would open the path to the $1.05–$1.10 range.
- Actionable trade: For traders seeking upside, a buy‑the‑dip entry around $0.84–$0.86 with a stop just below $0.80 (below the 20‑day SMA) offers a risk‑reward of roughly 2:1 to 3:1 given the $0.95 resistance target. Short‑term scalpers can look for quick profit taking on intraday pull‑backs to the 9‑day EMA.
Overall, the earnings release has ignited a clear bullish bias, reflected by higher volume and a decisive price breakout. Monitor for a possible pull‑back to the 9‑day EMA; if the rally holds, the stock is poised for a short‑to‑medium‑term leg toward the $1 + region.