NYSE:RNR - BMG7496G1033 - Common Stock
Taking everything into account, RNR scores 3 out of 10 in our technical rating. In the last year, RNR was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
Although the technical rating is bad, RNR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 242.72, a Stop Loss order could be placed below this zone.
224.27
We found 3 important support areas.
When analyzing the resistance we notice one important area.
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 | 23.47 | NEGATIVE | RNR has a low relative strength, it was outperformed by 76.53% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RNR is above the rising SMA(20). |
Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RNR is above 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) | 50.19 | NEUTRAL | The RSI value for RNR is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests RNR has a negative trend. |
Stochastics (14,3) | 42.07 | NEUTRAL | The Stochastics value for RNR is a neutral value. |
Average True Range in percent/ATR (20) | 1.58 | LOW VOLATILITY | The low ATR as a percentage value for RNR suggests low volalility. |
Average Directional Index/ADX (14) | 14.47 | NEGATIVE | The low ADX value for RNR suggests a weak or negative trend. |
242.99
+1.58 (+0.65%)