RENAISSANCERE HOLDINGS LTD (RNR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RNR - BMG7496G1033 - Common Stock
Overall RNR gets a technical rating of 7 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.
Besides having an excellent technical rating, RNR also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 267.03. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
224.27
We found 3 important support areas.
- A support zone ranging from 244.83 to 247.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 231.58 to 235.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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.
We found 1 important resistance area.
- A resistance zone ranging from 267.03 to 268.43. 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 | 42.53 | NEUTRAL | RNR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RNR is below 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) | 52.23 | NEUTRAL | The RSI value for RNR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.92 | NEGATIVE | The MACD value suggests RNR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.39 | NEUTRAL | The Stochastics value for RNR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.22 | MEDIUM VOLATILITY | The ATR as a percentage value for RNR suggests some volalility. |
| Average Directional Index/ADX (14) | 15.28 | NEGATIVE | The low ADX value for RNR suggests a weak or negative 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 |
|---|---|---|---|
| 268.44 | 251.59 | 16.85 (6.28%) | 15.93% |
| An entry @268.44. This is a Buy Stop order right above the resistance zone. | An exit @251.59. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 16.85 points, which is 6.28%. | For a 1.00% total portfolio risk, you can invest 15.93% of your capital in this trade. |
- 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.
260.93
-0.79 (-0.3%)
RENAISSANCERE HOLDINGS LTD / RNR FAQ
What is the ChartMill technical rating of RENAISSANCERE HOLDINGS LTD (RNR) stock?
ChartMill assigns a technical rating of 7 / 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 52.2294. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for RENAISSANCERE HOLDINGS LTD?
RENAISSANCERE HOLDINGS LTD (RNR) has a support level at 247.65 and a resistance level at 267.03. Check the full technical report for our detailed analysis of RNR support and resistance levels.