Trading (RNR) With Integrated Risk Controls

November 04, 2024, 00:34 am ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for RNR

• Buy RNR near 257.89 target 276.29 stop loss @ 257.15 Details

The technical summary data tells us to buy RNR near 257.89 with an upside target of 276.29. This data also tells us to set a stop loss @ 257.15 to protect against excessive loss in case the stock begins to move against the trade. 257.89 is the first level of support below 264.07 , and by rule, any test of support is a buy signal. In this case, support 257.89 is being tested, a buy signal would exist.

• Short RNR slightly under 276.29, target 257.89, stop loss @ 277.09 Details

The technical summary data is suggesting a short of RNR as it gets near 276.29 with a downside target of 257.89. We should have a stop loss in place at 277.09though. 276.29 is the first level of resistance above 264.07, and by rule, any test of resistance is a short signal. In this case, if resistance 276.29 is being tested, a short signal would exist.

Swing Trading Plans for RNR

• Buy RNR slightly over 265.92, target 276.29, Stop Loss @ 265.15 Details

If 265.92 begins to break higher, the technical summary data tells us to buy RNR just slightly over 265.92, with an upside target of 276.29. The data also tells us to set a stop loss @ 265.15 in case the stock turns against the trade. 265.92 is the first level of resistance above 264.07, and by rule, any break above resistance is a buy signal. In this case, 265.92, 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.

• Short RNR slightly near 265.92, target 260.81, Stop Loss @ 266.69. Details

The technical summary data is suggesting a short of RNR if it tests 265.92 with a downside target of 260.81. We should have a stop loss in place at 266.69 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, 265.92, 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

• Buy RNR slightly over 265.92, target 266.15, Stop Loss @ 265.3 Details

If 265.92 begins to break higher, the technical summary data tells us to buy RNR just slightly over 265.92, with an upside target of 266.15. The data also tells us to set a stop loss @ 265.3 in case the stock turns against the trade. 265.92 is the first level of resistance above 264.07, and by rule, any break above resistance is a buy signal. In this case, 265.92, 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.

• Short RNR slightly near 265.92, target 262.06, Stop Loss @ 266.54. Details

The technical summary data is suggesting a short of RNR if it tests 265.92 with a downside target of 262.06. We should have a stop loss in place at 266.54 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, 265.92, 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.

RNR Ratings for November 04:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	240.04
P2	262.06	260.81	257.89
P3	266.15	265.92	276.29

AI Generated Signals for RNR

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