RENAISSANCERE HOLDINGS LTD (RNR) Technical Analysis
NYSE:RNR • BMG7496G1033
Current stock price
RNR Technical Rating and Analysis
Taking everything into account, RNR scores 8 out of 10 in our technical rating. In the last year, RNR was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month RNR has a been trading in the 287.40 - 312.67 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, RNR did better than 79% of all other stocks. On top of that, RNR also shows a nice and consistent pattern of rising prices.
- RNR is part of the Insurance industry. There are 149 other stocks in this industry. RNR outperforms 93% of them.
- RNR is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so RNR is performing more or less in line with the market.
RNR Weekly and Daily overview Charts
RNR Setup Rating and Analysis
Besides having an excellent technical rating, RNR also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
RNR Support and Resistance Analysis
233.47
We found 7 important support areas.
- Support @293.77 from a horizontal line in the weekly time frame.
- A support zone ranging from 285.74 to 288.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @280.37 from a trend line in the weekly time frame.
- Support @269.91 from a horizontal line in the daily time frame.
- Support @263.41 from a horizontal line in the daily time frame.
- Support @251.68 from a trend line in the weekly time frame.
- Support @235.83 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 297.56 to 302.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @310.91 from a horizontal line in the daily time frame.
RNR Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for RNR is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RNR is neutral. |
| ChartMill Relative Strength | 79.02 | POSITIVE | RNR has a high relative strength, it outperformed 79.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RNR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RNR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RNR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48 | NEUTRAL | The RSI value for RNR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.97 | NEGATIVE | The MACD value suggests RNR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.73 | OVERSOLD | The low Stochastics value suggests RNR may be oversold. |
| Average True Range in percent/ATR (20) | 2.61 | MEDIUM VOLATILITY | The ATR as a percentage value for RNR suggests some volalility. |
| Average Directional Index/ADX (14) | 18.49 | NEGATIVE | The low ADX value for RNR suggests a weak or negative trend. |
RNR Chart- and CandleStick Pattern Analysis
RNR Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 302.48 | 293.76 | 8.72 (2.88%) | 25.00% |
| An entry @302.48. This is a Buy Stop order right above the resistance zone. | An exit @293.76. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 8.72 points, which is 2.88%. | For a 0.72% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of RNR. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
RNR Technicals: Chart, Performance Metrics, Trend & Indicators
293.78
+2.42 (+0.83%)
RENAISSANCERE HOLDINGS LTD / RNR TA FAQ
What is the ChartMill technical rating of RENAISSANCERE HOLDINGS LTD (RNR) stock?
ChartMill assigns a technical rating of 8 / 10 to RNR.
What is the trend direction for RNR stock?
The current trend direction for RENAISSANCERE HOLDINGS LTD (RNR) is Bullish.
What is the RSI signal for RNR stock?
RENAISSANCERE HOLDINGS LTD (RNR) has an RSI value of 48.0038. This indicates that the stock is currently neutral.
What is the MACD signal for RENAISSANCERE HOLDINGS LTD (RNR) stock?
The MACD indicator for RENAISSANCERE HOLDINGS LTD (RNR) has a value of -1.97001, indicating a bearish trend.
What is the support and resistance level for RNR stock?
RENAISSANCERE HOLDINGS LTD (RNR) has a support level at 293.77 and a resistance level at 297.56. Check the full technical report for our detailed analysis of RNR support and resistance levels.