RENAISSANCERE HOLDINGS LTD (RNR) Stock Technical Analysis
USA - NYSE:RNR - BMG7496G1033 - Common Stock
Overall RNR gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, RNR is only an average performer.
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.
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224.28
3 important support areas can be observed.
- A support zone ranging from 246.52 to 253.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 231.58 to 235.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @226.55 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 | 62.54 | 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) | 61.95 | NEUTRAL | The RSI value for RNR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.09 | POSITIVE | The MACD value suggests RNR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.28 | OVERBOUGHT | The high Stochastics value suggests RNR may be overbought. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for RNR suggests some volalility. |
| Average Directional Index/ADX (14) | 20.53 | NEUTRAL | The ADX value for RNR suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 274.81 | 239.59 | 35.22 (12.82%) | 7.80% |
| An entry @274.81. This is a Buy Stop order right above the 10 day high. | An exit @239.59. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 35.22 points, which is 12.82%. | When investing 7.80% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
266.77
-0.83 (-0.31%)
RENAISSANCERE HOLDINGS LTD / RNR FAQ
What is the ChartMill technical rating of RENAISSANCERE HOLDINGS LTD (RNR) stock?
ChartMill assigns a technical rating of 8 / 10 to RNR.
Can you provide the trend direction for RENAISSANCERE HOLDINGS LTD?
The current trend direction for RENAISSANCERE HOLDINGS LTD (RNR) is Bullish.
What is the RSI signal for RENAISSANCERE HOLDINGS LTD (RNR) stock?
RENAISSANCERE HOLDINGS LTD (RNR) has an RSI value of 61.9497. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for RENAISSANCERE HOLDINGS LTD?
The buy/sell signal for RENAISSANCERE HOLDINGS LTD (RNR) is buy as both the short term and long term trends are positive.
What is the support and resistance level for RNR stock?
RENAISSANCERE HOLDINGS LTD (RNR) has a support level at 253.9. Check the full technical report for our detailed analysis of RNR support and resistance levels.