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. In the past year, RNST was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
RNST has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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28.01
3 important support areas can be observed.
- A support zone ranging from 34.66 to 35.63. 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 33.89. 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 | 30.31 | NEUTRAL | RNST is not amongst the best or worst performers 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 | MIXED | The current price of RNST is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.01 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 94.05 | OVERBOUGHT | The high Stochastics value suggests RNST may be overbought. |
| Average True Range in percent/ATR (20) | 2.16 | MEDIUM VOLATILITY | The ATR as a percentage value for RNST suggests some volalility. |
| Average Directional Index/ADX (14) | 20.7 | NEUTRAL | The ADX value for RNST suggests a possible start of a new trend. |
36.31
+0.16 (+0.44%)
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 62.0076. 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 35.63 and a resistance level at 38.88. Check the full technical report for our detailed analysis of RNST support and resistance levels.