RENAISSANCERE HOLDINGS LTD (RNR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RNR - BMG7496G1033 - Common Stock
We assign a technical rating of 5 out of 10 to RNR. RNR has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- In the last month RNR has a been trading in the 268.46 - 285.26 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- RNR is one of the better performing stocks in the Insurance industry, it outperforms 82% of 149 stocks in the same industry.
- RNR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RNR is lagging the market slightly.
- 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 69% of all stocks.
RNR has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 281.41. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 272.71, a Stop Loss order could be placed below this zone.
More info and screens
225.66
When analyzing the support we can see 4 important areas.
- A support zone ranging from 267.96 to 272.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 247.65 to 248.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 232.67 to 235.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @227.94 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 281.41 to 283.85. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for RNR is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RNR is neutral. |
| ChartMill Relative Strength | 69.82 | 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) | 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) | 50.37 | NEUTRAL | The RSI value for RNR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.75 | NEGATIVE | The MACD value suggests RNR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.2 | NEUTRAL | The Stochastics value for RNR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for RNR suggests some volalility. |
| Average Directional Index/ADX (14) | 15.1 | NEGATIVE | The low ADX value for RNR suggests a weak or negative trend. |
273.37
+1.67 (+0.61%)
RENAISSANCERE HOLDINGS LTD / RNR FAQ
What is the ChartMill technical rating of RENAISSANCERE HOLDINGS LTD (RNR) stock?
ChartMill assigns a technical rating of 5 / 10 to RNR.
What is the trend direction for RNR stock?
The current trend direction for RENAISSANCERE HOLDINGS LTD (RNR) is Bullish.
What is the RSI signal for RNR stock?
RENAISSANCERE HOLDINGS LTD (RNR) has an RSI value of 50.3718. This indicates that the stock is currently neutral.
What is the MACD signal for RENAISSANCERE HOLDINGS LTD (RNR) stock?
The MACD indicator for RENAISSANCERE HOLDINGS LTD (RNR) has a value of -0.753602, indicating a bearish trend.
What is the support and resistance level for RNR stock?
RENAISSANCERE HOLDINGS LTD (RNR) has a support level at 272.71 and a resistance level at 281.41. Check the full technical report for our detailed analysis of RNR support and resistance levels.