RENAISSANCERE HOLDINGS LTD (RNR) Stock Technical Analysis
USA - NYSE:RNR - BMG7496G1033 - Common Stock
260.41 USD
+0.99 (+0.38%)
260.41 USD
0 (0%)
Taking everything into account, RNR scores 8 out of 10 in our technical rating. Although RNR is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
When comparing the performance of all stocks over the past year, RNR turns out to be only a medium performer in the overall market: it outperformed 53% of all stocks.
RNR is part of the Insurance industry. There are 145 other stocks in this industry, RNR did better than 59% of them.
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.
In the last month RNR has a been trading in the 235.00 - 272.42 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RNR has an excellent technical rating, but the quality of the setup is only medium 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
265.85
3 important support areas can be observed.
- A support zone ranging from 238.77 to 251.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 231.94 to 232.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @226.54 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @263.22 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The short term trend for RNR is up. |
| ChartMill Relative Strength | 53.29 | NEUTRAL | RNR is not amongst the best or worst performers 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) | 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) | 61.65 | NEUTRAL | The RSI value for RNR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.96 | POSITIVE | The MACD value suggests RNR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.03 | NEUTRAL | The Stochastics value for RNR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for RNR suggests some volalility. |
| Average Directional Index/ADX (14) | 26.03 | 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)
260.41
+0.99 (+0.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.38%
1 Week0.35%
2 Weeks3.91%
1 Month5.28%
3 Month9.66%
6 Month9.41%
12 Month-5.49%
2 Year18.59%
3 Year68.35%
5 Year61.03%
10 Year137.54%
15 Year332.14%
Volatility
ATR(14)5.47
ATR(20)%2.08%
ATR Inc-12.22%
Range Today4.34
ADR(20)5.24
ADR(20)%2.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.29
Mansfield-0.39
10 Day High272.42
10 Day Low246.31
20 Day High272.42
20 Day Low235
52 Week High300
52 Week Low219
CS1 End251.7
CR1 Start263.22
Volume & EV
DER(3)-2.34%
DER(5)-1.44%
Volume322.70K
Volume Incr-7.12%
Vol(5)422.87K
Vol(50)386.96K