RENASANT CORP (RNST) Stock Technical Analysis
NYSE:RNST - New York Stock Exchange, Inc. - US75970E1073 - Common Stock - Currency: USD
Taking everything into account, RNST scores 7 out of 10 in our technical rating. RNST has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Both the short term and long term trends are positive. This is a very positive sign.
RNST is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
RNST has an average volume of 1111570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, RNST did better than 72% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
RNST is an average performer in the Banks industry, it outperforms 54% of 396 stocks in the same industry.
RNST is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RNST is lagging the market slightly.
Besides having an excellent technical rating, RNST also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 35.25. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 34.83, a Stop Loss order could be placed below this zone.
More info and screens
27.75
39.79
We found 2 important support areas.
- A support zone ranging from 34.60 to 34.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 28.03 to 28.29. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 35.25 to 35.78. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 38.62 to 39.40. 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 RNST is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RNST is up. |
| ChartMill Relative Strength | 72.45 | POSITIVE | RNST has a high relative strength, it outperformed 72.45% 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) | 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) | 56.74 | NEUTRAL | The RSI value for RNST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests RNST has a negative trend. |
| Stochastics (14,3) | 67.65 | NEUTRAL | The Stochastics value for RNST is a neutral value. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for RNST suggests some volalility. |
| Average Directional Index/ADX (14) | 29.86 | POSITIVE | The high ADX value value for RNST suggests a strong 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)
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 |
|---|---|---|---|
| 35.79 | 34.59 | 1.20 (3.35%) | 25.00% |
| An entry @35.79. This is a Buy Stop order right above the resistance zone. | An exit @34.59. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.20 points, which is 3.35%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.84%. |
- The distance between exit and entry is rather small compared to the average daily movement of RNST. Please evaluate whether better entry and exit points can be found.
- 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.
35.05
-0.46 (-1.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.3%
1 Week1.01%
2 Weeks-1.6%
1 Month8.38%
3 Month-3.18%
6 Month-6.83%
12 Month16.37%
2 Year34.19%
3 Year13.28%
5 Year45.32%
10 Year19.06%
15 Year144.25%
Volatility
ATR(14)0.81
ATR(20)%2.4%
ATR Inc-39.62%
Range Today0.48
ADR(20)0.75
ADR(20)%2.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.45
Mansfield-0.02
10 Day High36.03
10 Day Low33.73
20 Day High36.1
20 Day Low32.41
52 Week High39.63
52 Week Low26.97
CS1 End34.83
CR1 Start35.25
Volume & EV
DER(3)-1.52%
DER(5)-0.56%
Volume530.90K
Volume Incr-12.58%
Vol(5)569.98K
Vol(50)1.11M