On 1/30/2024, RenaissanceRe Holdings, (RNR) reported earnings of $12.18 per share on revenue of $2.60 billion for the first quarter ended March 2024. The consensus earnings estimate was $9.86 per share on revenue of $2.68 billion.
RenaissanceRe Holdings Ltd. (RNR) approaching significant long-term resistance, able to absorb monthly buying pressures.
From here (RNR) can fall back to channel support, eliciting losses of 20% over the following 2 - 3 months, and 40% over the following 5 - 6 months.
A weekly settlement below a near-term channel bottom would accelerate this process....
A Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
A good reversal is missing. Let's wait for the channel test or breakout and consolidation above the level. Dojik hints at the possibility of a channel test, though.
Provider of services for reinsurance, insurance and other related business services. The company operates in the field of reinsurance, insurance and venture capital investments.
Let see guys we are long from 148 adn we will add on weakness, target one or fitst check is take 40% adn move stop to be. Stop is red line or just below
NYSE:RNR is right now in an interesting area .In fact after breaking above the white line (Which was Strong Resistance at the time) it pulled back on the white line. The white line and generally the green rectangle will serve as a support area .If RNR succeeds in an upcoming day to close significantly above the blue line (trendline) it would very likely continue...
