The technical summary data tells us to buy RNR near 246.8 with an upside target of 271.23. This data also tells us to set a stop loss @ 246.09 to protect against excessive loss in case the stock begins to move against the trade. 246.8 is the first level of support below 247.65 , and by rule, any test of support is a buy signal. In this case, support 246.8 is being tested, a buy signal would exist.
The technical summary data is suggesting a short of RNR as it gets near 271.23 with a downside target of 246.8. We should have a stop loss in place at 272.01though. 271.23 is the first level of resistance above 247.65, and by rule, any test of resistance is a short signal. In this case, if resistance 271.23 is being tested, a short signal would exist.
Swing Trading Plans for RNR
If 271.23 begins to break higher, the technical summary data tells us to buy RNR just slightly over 271.23, with an upside target of n/a. The data also tells us to set a stop loss @ 270.45 in case the stock turns against the trade. 271.23 is the first level of resistance above 247.65, and by rule, any break above resistance is a buy signal. In this case, 271.23, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
The technical summary data is suggesting a short of RNR if it tests 271.23 with a downside target of 246.8. We should have a stop loss in place at 272.01 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 271.23, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for RNR
If 249.33 begins to break higher, the technical summary data tells us to buy RNR just slightly over 249.33, with an upside target of 271.23. The data also tells us to set a stop loss @ 248.75 in case the stock turns against the trade. 249.33 is the first level of resistance above 247.65, and by rule, any break above resistance is a buy signal. In this case, 249.33, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
The technical summary data is suggesting a short of RNR if it tests 249.33 with a downside target of 246.8. We should have a stop loss in place at 249.91 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 249.33, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Renaissancere Holdings Ltd. (RNR) available here: RNR.
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With an objective approach to Renaissancere Holdings Ltd. (NYSE: RNR), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.
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This is a static report, the data below was valid at the time of the publication, but support and resistance levels for RNR change over time, so the report should be updated regularly. Real Time updates are provided to subscribers. Unlimited Real Time Reports.
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