RENASANT CORP (RNST) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RNST - US75970E1073 - Common Stock
Overall RNST gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. RNST was also a bad performer in the overall market in the last year.
RNST has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 34.50, a Stop Loss order could be placed below this zone.
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28.01
We found 3 important support areas.
- A support zone ranging from 34.41 to 34.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 33.39 to 33.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @28.29 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 38.88 to 39.78. 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 | NEUTRAL | NEUTRAL | The long term trend for RNST is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RNST is up. |
| ChartMill Relative Strength | 27.45 | NEGATIVE | RNST has a low relative strength, it was outperformed by 72.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RNST is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RNST is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RNST is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.36 | NEUTRAL | The RSI value for RNST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests RNST has a positive trend. |
| Stochastics (14,3) | 83.47 | OVERBOUGHT | The high Stochastics value suggests RNST may be overbought. |
| Average True Range in percent/ATR (20) | 2.24 | MEDIUM VOLATILITY | The ATR as a percentage value for RNST suggests some volalility. |
| Average Directional Index/ADX (14) | 17.03 | NEGATIVE | The low ADX value for RNST suggests a weak or negative trend. |
35.44
-0.14 (-0.39%)
RENASANT CORP / RNST FAQ
What is the ChartMill technical rating of RENASANT CORP (RNST) stock?
ChartMill assigns a technical rating of 3 / 10 to RNST.
What is the current trend direction of RENASANT CORP (RNST) stock?
The current trend direction for RENASANT CORP (RNST) is Bearish.
What is the RSI signal for RNST stock?
RENASANT CORP (RNST) has an RSI value of 56.358. This indicates that the stock is currently neutral.
What are the support and resistance levels for RENASANT CORP (RNST) stock?
RENASANT CORP (RNST) has a support level at 34.5 and a resistance level at 38.88. Check the full technical report for our detailed analysis of RNST support and resistance levels.