RENAISSANCERE HOLDINGS LTD (RNR) Stock Technical Analysis
NYSE:RNR - BMG7496G1033 - Common Stock
242.99 USD
+1.58 (+0.65%)
242.99 USD
0 (0%)
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.
77% of all other stocks performed better in the past year than RNR.
RNR is one of the lesser performing stocks in the Insurance industry. 60% of 146 stocks in the same industry do better.
RNR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month RNR has a been trading in the 236.47 - 251.01 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
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.
More info and screens
224.27
256.50
We found 3 important support areas.
- A support zone ranging from 236.68 to 242.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @232.67 from a horizontal line in the weekly time frame.
- 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 244.71 to 253.96. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 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. |
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)
242.99
+1.58 (+0.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.65%
1 Week-1.99%
2 Weeks1.71%
1 Month0.48%
3 Month-2.58%
6 Month2.26%
12 Month-4.63%
2 Year29.33%
3 Year79.65%
5 Year32.25%
10 Year138.34%
15 Year327.88%
Volatility
ATR(14)3.7
ATR(20)%1.58%
ATR Inc-9.13%
Range Today2.14
ADR(20)3.8
ADR(20)%1.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.47
Mansfield-1.15
10 Day High251.02
10 Day Low237.23
20 Day High251.02
20 Day Low236.47
52 Week High300
52 Week Low219
CS1 End242.72
CR1 Start244.71
Volume & EV
DER(3)-1.55%
DER(5)-3.24%
Volume304.90K
Volume Incr1.23%
Vol(5)355.74K
Vol(50)442.85K