Trading (RNST) With Integrated Risk Controls
February 23, 2024, 04:48 am ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for RNST
- Buy RNST slightly over 29.64 target 33.4 stop loss @ 29.55 Details
The technical summary data tells us to buy RNST near 29.64 with an upside target of 33.4. This data also tells us to set a stop loss @ 29.55 to protect against excessive loss in case the stock begins to move against the trade. 29.64 is the first level of support below 31.07 , and by rule, any test of support is a buy signal. In this case, support 29.64 is being tested, a buy signal would exist.
- Short RNST slightly under 33.4, target 29.64, stop loss @ 33.5 Details
The technical summary data is suggesting a short of RNST as it gets near 33.4 with a downside target of 29.64. We should have a stop loss in place at 33.5though. 33.4 is the first level of resistance above 31.07, and by rule, any test of resistance is a short signal. In this case, if resistance 33.4 is being tested, a short signal would exist.
Swing Trading Plans for RNST
- Buy RNST slightly over 31.09, target 32.61, Stop Loss @ 31 Details
If 31.09 begins to break higher, the technical summary data tells us to buy RNST just slightly over 31.09, with an upside target of 32.61. The data also tells us to set a stop loss @ 31 in case the stock turns against the trade. 31.09 is the first level of resistance above 31.07, and by rule, any break above resistance is a buy signal. In this case, 31.09, 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 RNST slightly near 31.09, target 29.64, Stop Loss @ 31.18. Details
The technical summary data is suggesting a short of RNST if it tests 31.09 with a downside target of 29.64. We should have a stop loss in place at 31.18 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, 31.09, 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 RNST
- Buy RNST slightly over 31.19, target 32.61, Stop Loss @ 31.12 Details
If 31.19 begins to break higher, the technical summary data tells us to buy RNST just slightly over 31.19, with an upside target of 32.61. The data also tells us to set a stop loss @ 31.12 in case the stock turns against the trade. 31.19 is the first level of resistance above 31.07, and by rule, any break above resistance is a buy signal. In this case, 31.19, 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 RNST slightly near 31.19, target 30.59, Stop Loss @ 31.26. Details
The technical summary data is suggesting a short of RNST if it tests 31.19 with a downside target of 30.59. We should have a stop loss in place at 31.26 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, 31.19, 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 Renasant Corporation (RNST) available here: RNST.
RNST Ratings for February 23:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
26.06 |
| P2 |
30.59 |
31.09 |
29.64 |
| P3 |
31.19 |
32.61 |
33.4 |
AI Generated Signals for RNST
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for RNST:
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