RENAISSANCERE HOLDINGS LTD (RNR) Stock Technical Analysis
NYSE:RNR - New York Stock Exchange, Inc. - BMG7496G1033 - Common Stock - Currency: USD
Taking everything into account, RNR scores 3 out of 10 in our technical rating. Although RNR is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
In the last month RNR has a been trading in the 219.00 - 246.62 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, RNR did better than 80% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
RNR is an average performer in the Insurance industry, it outperforms 63% of 143 stocks in the same industry.
RNR is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
RNR has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 243.25. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 242.73, a Stop Loss order could be placed below this zone.
More info and screens
217.39
251.65
When analyzing the support we can see 4 important areas.
- A support zone ranging from 236.44 to 242.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 231.72 to 232.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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.
- A support zone ranging from 219.59 to 220.36. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 243.25 to 244.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @249.16 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.82
Mansfield-0.12
10 Day High244.52
10 Day Low222.75
20 Day High246.62
20 Day Low219
52 Week High300
52 Week Low208.98
Performance
1 Week3.35%
2 Weeks1.08%
1 Month-0.86%
3 Month4.58%
6 Month-7.89%
12 Month11.41%
2 Year29.13%
3 Year58.44%
5 Year44.91%
10 Year138.21%
15 Year349.95%
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)
Technical Indicators
MACD(12,26,9)0.61
RSI(14)53.76
LBB230.73
UBB246.49
243.24
+6.04 (+2.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg2.55%
1 Week3.35%
2 Weeks1.08%
1 Month-0.86%
3 Month4.58%
6 Month-7.89%
12 Month11.41%
2 Year29.13%
3 Year58.44%
5 Year44.91%
10 Year138.21%
15 Year349.95%
Volatility
ATR(14)7.65
ATR(20)%3.89%
ATR Inc-28.87%
Range Today5.2
ADR(20)8.73
ADR(20)%3.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.82
Mansfield-0.12
10 Day High244.52
10 Day Low222.75
20 Day High246.62
20 Day Low219
52 Week High300
52 Week Low208.98
CS1 End242.73
CR1 Start243.25
Volume & EV
DER(3)0.98%
DER(5)1.14%
Volume429.10K
Volume Incr-20.55%
Vol(5)436.96K
Vol(50)535.18K