RENASANT CORP. - Daily - Technical analysis published on 10/01/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 34.71 USD
My targets
36.33 USD (+3.68%)
37.99 USD (+8.42%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on RENASANT CORP. as long as the price remains well above 34.71 USD. The buyers” bullish objective is set at 36.33 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 37.99 USD. If there is any crossing, the next objective would be the resistance located at 38.90 USD.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
3.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
RENASANT CORP. rating 35.04 USD. The price has increased by +0.09% since the last closing with the lowest point at 34.98 USD and the highest point at 35.60 USD. The deviation from the price is +0.17% for the low point and -1.57% for the high point.34.98
35.60
35.04
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of RENASANT CORP. in Daily shows an overall bullish trend. 75% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 7 technical indicators out of 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 32.34 | 33.79 | 34.71 | 35.04 | 36.33 | 37.99 | 38.90 |
| Change (%) | -7.71% | -3.57% | -0.94% | - | +3.68% | +8.42% | +11.02% |
| Change | -2.70 | -1.25 | -0.33 | - | +1.29 | +2.95 | +3.86 |
| Level | Major | Major | Major | - | Major | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.94 | 34.38 | 34.68 | 35.13 | 35.43 | 35.87 | 36.17 |
| Camarilla | 34.78 | 34.84 | 34.91 | 34.98 | 35.05 | 35.12 | 35.19 |
| Woodie | 33.86 | 34.35 | 34.61 | 35.09 | 35.35 | 35.84 | 36.10 |
| Fibonacci | 34.38 | 34.67 | 34.84 | 35.13 | 35.41 | 35.59 | 35.87 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.38 | 33.94 | 34.46 | 35.02 | 35.54 | 36.10 | 36.62 |
| Camarilla | 34.68 | 34.78 | 34.88 | 34.98 | 35.08 | 35.18 | 35.28 |
| Woodie | 33.36 | 33.93 | 34.44 | 35.01 | 35.52 | 36.09 | 36.60 |
| Fibonacci | 33.94 | 34.35 | 34.60 | 35.02 | 35.43 | 35.68 | 36.10 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.20 | 28.83 | 30.81 | 33.44 | 35.42 | 38.05 | 40.03 |
| Camarilla | 31.52 | 31.95 | 32.37 | 32.79 | 33.21 | 33.64 | 34.06 |
| Woodie | 25.88 | 28.67 | 30.49 | 33.28 | 35.10 | 37.89 | 39.71 |
| Fibonacci | 29.53 | 31.43 | 32.60 | 34.49 | 36.39 | 37.56 | 39.45 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.48 | |
| MACD (12,26,9): | 0.3900 | |
| Directional Movement: | 5.72 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 35.31 | |
| Parabolic SAR (0,02-0,02-0,2): | 36.34 | |
| Elder Ray (13): | 0.14 | |
| Super Trend (3,10): | 33.40 | |
| Zig ZAG (10): | 35.01 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 35.99 | |
| TEMA (21): | 35.59 | |
| Williams %R (14): | -76.75 | |
| Chande Momentum Oscillator (20): | -0.71 | |
| Repulse (5,40,3): | -2.5000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2100 | |
| Courbe Coppock: | 7.11 |
| MA7: | 35.02 | |
| MA20: | 34.78 | |
| MA50: | 34.06 | |
| MA100: | 34.62 | |
| MAexp7: | 35.08 | |
| MAexp20: | 34.79 | |
| MAexp50: | 34.44 | |
| MAexp100: | 34.62 | |
| Price / MA7: | +0.06% | |
| Price / MA20: | +0.75% | |
| Price / MA50: | +2.88% | |
| Price / MA100: | +1.21% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | +0.72% | |
| Price / MAexp50: | +1.74% | |
| Price / MAexp100: | +1.21% |
News
The last news published on RENASANT CORP. at the time of the generation of this analysis was as follows:
- Nashville SC Signs Renasant As First Jersey Sponsor
- Renasant Corporation Declares Quarterly Dividend
- Renasant Announces Second Quarter 2019 Results; New Hiring Bolsters Growth Outlook
- Renasant Announces 2019 Second Quarter Earnings Webcast and Conference Call Information
- Perry Joins Renasant as Chief Corporate Banking Officer
This member declared not having a position on this financial instrument or a related financial instrument.
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