When the Price of (RNR) Talks, People Listen

February 01, 2024, 17:32 pm ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for RNR

• Buy RNR slightly over 220.64 target n/a stop loss @ 220. Details

The technical summary data tells us to buy RNR near 220.64, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 220 to protect against excessive loss in case the stock begins to move against the trade. 220.64 is the first level of support below 223.18, and by rule, any test of support is a buy signal. In this case, if support 220.64 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for RNR

• Buy RNR slightly over 223.67, target n/a, Stop Loss @ 223.02 Details

If 223.67 begins to break higher, the technical summary data tells us to buy RNR just slightly over 223.67, with an upside target of n/a. The data also tells us to set a stop loss @ 223.02 in case the stock turns against the trade. 223.67 is the first level of resistance above 223.18, and by rule, any break above resistance is a buy signal. In this case, 223.67, 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 223.67, target 220.64, Stop Loss @ 224.32. Details

The technical summary data is suggesting a short of RNR if it tests 223.67 with a downside target of 220.64. We should have a stop loss in place at 224.32 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, 223.67, 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 223.67, target 230.24, Stop Loss @ 223.15 Details

If 223.67 begins to break higher, the technical summary data tells us to buy RNR just slightly over 223.67, with an upside target of 230.24. The data also tells us to set a stop loss @ 223.15 in case the stock turns against the trade. 223.67 is the first level of resistance above 223.18, and by rule, any break above resistance is a buy signal. In this case, 223.67, 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 223.67, target 223.01, Stop Loss @ 224.19. Details

The technical summary data is suggesting a short of RNR if it tests 223.67 with a downside target of 223.01. We should have a stop loss in place at 224.19 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, 223.67, 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 February 01:

Term →	Near	Mid	Long
Rating	Strong	Strong	Neutral
P1	0	0	187.51
P2	223.01	213.88	203.5
P3	230.24	223.67	220.64

AI Generated Signals for RNR

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Renaissancere Holdings Ltd. (NYSE: RNR) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for RNR can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.