RENAISSANCERE HOLDINGS LTD (RNR) Stock Technical Analysis
NYSE:RNR - New York Stock Exchange, Inc. - BMG7496G1033 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to RNR. RNR has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
In the last month RNR has a been trading in the 234.15 - 249.43 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.
When compared to the yearly performance of all other stocks, RNR outperforms 41% of them, which is more or less in line with the market.
RNR is an average performer in the Insurance industry, it outperforms 58% of 145 stocks in the same industry.
RNR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RNR is lagging the market.
RNR has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
224.27
256.50
We found 2 important support areas.
- Support @237.40 from a trend line in the daily 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.
We found 1 important resistance area.
- A resistance zone ranging from 238.48 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 | DOWN | NEGATIVE | The long term trend for RNR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RNR is down. |
| ChartMill Relative Strength | 41.73 | NEUTRAL | RNR is not amongst the best or worst performers 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) | 42.85 | NEUTRAL | The RSI value for RNR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.48 | NEGATIVE | The MACD value suggests RNR has a negative trend. |
| Stochastics (14,3) | 34.11 | NEUTRAL | The Stochastics value for RNR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for RNR suggests low volalility. |
| Average Directional Index/ADX (14) | 25.45 | POSITIVE | The high ADX value value for RNR suggests a strong 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)
237.46
-0.98 (-0.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-0.41%
1 Week-1.43%
2 Weeks-1.72%
1 Month-1.73%
3 Month-0.23%
6 Month-5.03%
12 Month7.94%
2 Year27.15%
3 Year83.64%
5 Year31.64%
10 Year121.31%
15 Year315%
Volatility
ATR(14)4.34
ATR(20)%1.96%
ATR Inc-33.95%
Range Today2.44
ADR(20)4.3
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
CRS41.73
Mansfield-1.21
10 Day High245.81
10 Day Low234.15
20 Day High249.43
20 Day Low234.15
52 Week High300
52 Week Low210.51
CS1 End237.4
CR1 Start238.48
Volume & EV
DER(3)-1.16%
DER(5)-0.25%
Volume279.80K
Volume Incr-14.59%
Vol(5)373.62K
Vol(50)401.17K