Renasant Technical Analysis (NASDAQ:RNST)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. A RNST stock chart pattern can give those who understand technical analysis an indication of which way RNST stock is headed, but cannot predict with 100% certainty as to what can happen to the Renasant stock price.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Renasant. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Renasant stock analysis using these technical indicators helps identify trading opportunities.
Renasant Moving Average:
Moving averages show the average price of RNST stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $40.82 is below the last closing price of $42.92 and the 50 day moving average of $40.84 is below the $42.92 price. The 10 and 20 day periods can predict short term moving average trends.
Renasant Bollinger Bands:
Bollinger bands comprise of a center line usually RNST SMA, and two RNST stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the lower band in the context of Renasant bollinger bands.
Renasant 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 Renasant MACD indicator can be used to identify bullish and bearish trends for the stock.
Renasant Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. If the RSI of RNST stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .