RENASANT CORP (RNST) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RNST - US75970E1073 - Common Stock
We assign a technical rating of 3 out of 10 to RNST. RNST has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
RNST has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 36.82. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 36.45, a Stop Loss order could be placed below this zone.
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28.01
4 important support areas can be observed.
- A support zone ranging from 35.45 to 36.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 34.31 to 34.76. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 36.82 to 37.31. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The short term trend for RNST is neutral. |
| ChartMill Relative Strength | 53.24 | NEUTRAL | RNST is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RNST is above a declining 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) | 55.69 | NEUTRAL | The RSI value for RNST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests RNST has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 53.3 | NEUTRAL | The Stochastics value for RNST is a neutral value. |
| Average True Range in percent/ATR (20) | 1.86 | LOW VOLATILITY | The low ATR as a percentage value for RNST suggests low volalility. |
| Average Directional Index/ADX (14) | 15.7 | NEGATIVE | The low ADX value for RNST suggests a weak or negative trend. |
36.53
+0.04 (+0.11%)
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 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 55.6926. 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 -0.0303176, indicating a bearish trend.