RENAISSANCERE HOLDINGS LTD (RNR) Stock Technical Analysis
USA - NYSE:RNR - BMG7496G1033 - Common Stock
237.01 USD
-6.49 (-2.67%)
234.34 USD
-2.67 (-1.13%)
Taking everything into account, RNR scores 1 out of 10 in our technical rating. RNR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, RNR is a bad performer in the overall market: 81% of all stocks are doing better.
RNR is part of the Insurance industry. There are 146 other stocks in this industry, of which 66% are performing better than RNR.
RNR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month RNR has a been trading in the 235.00 - 251.01 range, which is quite wide. It is currently trading near the lows of this range.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
The technical rating of RNR is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
224.27
256.50
2 important support areas can be observed.
- Support @232.67 from a horizontal line in the weekly time frame.
- A support zone ranging from 226.54 to 226.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 238.47 to 253.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for RNR is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RNR is neutral. |
| ChartMill Relative Strength | 19.01 | NEGATIVE | RNR has a low relative strength, it was outperformed by 80.99% 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) | DOWN | NEGATIVE | The current price of RNR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RNR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.95 | NEUTRAL | The RSI value for RNR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.4 | NEGATIVE | The MACD value suggests RNR has a negative trend. |
| Stochastics (14,3) | 52.54 | NEUTRAL | The Stochastics value for RNR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.85 | LOW VOLATILITY | The low ATR as a percentage value for RNR suggests low volalility. |
| Average Directional Index/ADX (14) | 12.28 | NEGATIVE | The low ADX value for RNR suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
237.01
-6.49 (-2.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-2.67%
1 Week-0.55%
2 Weeks-3.04%
1 Month-1.09%
3 Month-3.1%
6 Month0.28%
12 Month-10.11%
2 Year19.75%
3 Year68.82%
5 Year39.63%
10 Year122.92%
15 Year295.28%
Volatility
ATR(14)4.67
ATR(20)%1.85%
ATR Inc97.2%
Range Today7.76
ADR(20)4.28
ADR(20)%1.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.01
Mansfield-1.45
10 Day High249.81
10 Day Low235
20 Day High251.02
20 Day Low235
52 Week High300
52 Week Low219
CS1 End232.67
CR1 Start238.47
Volume & EV
DER(3)-1.85%
DER(5)-1.21%
Volume627.20K
Volume Incr24.91%
Vol(5)433.38K
Vol(50)424.94K