RNR builds a base for 350

We receive a request to look at the chart for RenaissanceRe Holdings Ltd (RNR).

RNR sets up bullishly and is building a late 2024 into early 2026 base that could mark a bullish continuation pattern within the stock's longer-term uptrend. A decisive breakout above the 285 area would confirm this pattern and suggest upside beyond the late 2024 spike highs at 290.78 and 300 toward the basing pattern count at 350.

Until that breakout occurs, the rising 13-, 26-, and 40-week moving averages at 265, 255, and 151, respectively, reinforce this constructive setup.

RNR shows bottoming signs relative to the SPX dating back to mid 2025.

Chart 1: RenaissanceRe Holdings Ltd (RNR) (top) and relative to the S&P 500 (bottom)

Volume leads price. The volume advance decline (VAD) indicator is an enhanced on balance volume (OBV). VAD has broken out to new highs, pointing to underlying accumulation (buying or upward volume) within RNR's trading range from late 2024. Since volume tends to lead price, this upside breakout for VAD increases the potential for RNR to break out from its bullish consolidation pattern.

Chart 2: RenaissanceRe Holdings Ltd (RNR) (top) and the volume advance decline (bottom)