RENASANT CORP (RNST) Technical Analysis
NYSE:RNST • US75970E1073
Taking everything into account, RNST scores 5 out of 10 in our technical rating. In the last year, RNST was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
- RNST 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 RNST is lagging the market slightly.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When comparing the performance of all stocks over the past year, RNST turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
- RNST is part of the Banks industry. There are 379 other stocks in this industry, RNST did better than 44% of them.
- In the last month RNST has a been trading in the 36.78 - 42.11 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RNST 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. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 37.32, a Stop Loss order could be placed below this zone.
More info and screens
28.01
4 important support areas can be observed.
- A support zone ranging from 37.08 to 37.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 34.31 to 35.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 33.39 to 33.62. 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.
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 | DOWN | NEGATIVE | The short term trend for RNST is down. |
| ChartMill Relative Strength | 61.51 | NEUTRAL | RNST is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RNST is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RNST is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RNST is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.7 | NEUTRAL | The RSI value for RNST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests RNST has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.98 | NEUTRAL | The Stochastics value for RNST is a neutral value. |
| Average True Range in percent/ATR (20) | 3.39 | MEDIUM VOLATILITY | The ATR as a percentage value for RNST suggests some volalility. |
| Average Directional Index/ADX (14) | 18.38 | NEGATIVE | The low ADX value for RNST suggests a weak or negative trend. |
RNST Technicals: Chart, Performance Metrics, Trend & Indicators
38.67
+0.25 (+0.65%)
RENASANT CORP / RNST FAQ
What is the ChartMill technical rating of RENASANT CORP (RNST) stock?
ChartMill assigns a technical rating of 5 / 10 to RNST.
What is the trend direction for 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 47.7026. This indicates that the stock is currently neutral.
What is the MACD signal for RENASANT CORP (RNST) stock?
The MACD indicator for RENASANT CORP (RNST) has a value of -0.33299, indicating a bearish trend.