RenaissanceRe Technical Analysis (NYSE:RNR)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the RenaissanceRe stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the RNR stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for RenaissanceRe. The technical analysis form of RenaissanceRe stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
RenaissanceRe Moving Average
Moving averages show the RNR stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for RenaissanceRe are mostly signals of long term trends and will help long term traders.
RenaissanceRe Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the RNR stock. The stock price is trading between the average and the lower band in the context of RenaissanceRe bollinger bands.
RenaissanceRe Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The RenaissanceRe MACD line is below the signal line.
RenaissanceRe Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of RNR stock is 45.87.