Trading (RNR) With Integrated Risk Controls

January 21, 2024, 20:08 pm ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for RNR

• Buy RNR slightly over 201.43 target 217.76 stop loss @ 200.85 Details

The technical summary data tells us to buy RNR near 201.43 with an upside target of 217.76. This data also tells us to set a stop loss @ 200.85 to protect against excessive loss in case the stock begins to move against the trade. 201.43 is the first level of support below 209.91 , and by rule, any test of support is a buy signal. In this case, support 201.43 is being tested, a buy signal would exist.

• Short RNR slightly under 217.76, target 201.43, stop loss @ 218.39 Details

The technical summary data is suggesting a short of RNR as it gets near 217.76 with a downside target of 201.43. We should have a stop loss in place at 218.39though. 217.76 is the first level of resistance above 209.91, and by rule, any test of resistance is a short signal. In this case, if resistance 217.76 is being tested, a short signal would exist.

Swing Trading Plans for RNR

• Buy RNR slightly over 211.73, target 217.76, Stop Loss @ 211.12 Details

If 211.73 begins to break higher, the technical summary data tells us to buy RNR just slightly over 211.73, with an upside target of 217.76. The data also tells us to set a stop loss @ 211.12 in case the stock turns against the trade. 211.73 is the first level of resistance above 209.91, and by rule, any break above resistance is a buy signal. In this case, 211.73, 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 211.73, target 205.91, Stop Loss @ 212.34. Details

The technical summary data is suggesting a short of RNR if it tests 211.73 with a downside target of 205.91. We should have a stop loss in place at 212.34 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, 211.73, 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 211.45, target 211.73, Stop Loss @ 210.96 Details

If 211.45 begins to break higher, the technical summary data tells us to buy RNR just slightly over 211.45, with an upside target of 211.73. The data also tells us to set a stop loss @ 210.96 in case the stock turns against the trade. 211.45 is the first level of resistance above 209.91, and by rule, any break above resistance is a buy signal. In this case, 211.45, 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 211.45, target 208.27, Stop Loss @ 211.94. Details

The technical summary data is suggesting a short of RNR if it tests 211.45 with a downside target of 208.27. We should have a stop loss in place at 211.94 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, 211.45, 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 January 21:

Term →	Near	Mid	Long
Rating	Strong	Strong	Neutral
P1	0	0	186.02
P2	208.27	205.91	201.43
P3	211.45	211.73	217.76

AI Generated Signals for RNR

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