$URI with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:URI after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 90%.
0LIY trade ideas
We like when URI go upURI is printing higher highs and creating typical bullish pattern indicative of upwards momentum. Price is accumulating orders at demand zones and pushing up to discover new supply zones.
Going to pick some more up for the portfolio at these levels to ensure I remain diversified in the markets.
URI heads up at $675: major fib confluence, possible local topURI heads up at $675: major fib confluence, possible local top.
The exact zone defined by the fib confluence is 671.30 - 677.71
Look for a pullback there, or a break and retest for continuation.
Will post updates as price action hits key levels.
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uri making wavesIs at the point when a reversal is possible. I believe 700 is possible from here. A lot of room to run on RSI, MACD, and Stochastics. Ready to bounce off bottom band.
United Rentals Has Pulled BackUnited Rentals has trended higher since October, and some traders may see opportunities in its current pullback.
The first pattern on today’s chart is the rally to new highs on January 25 after earnings beat expectations. The industrial stock has held that move without a significant retracement, which may suggest that buyers outnumber sellers.
Second is the falling trendline since March 4. URI is now challenging that short-term resistance.
Third is the series of higher weekly lows since the beginning of February.
Next, prices have pulled back to hold the 21-day exponential moving average (EMA). The 8-day EMA is also above the 21-day EMA. Those patterns may reflect an uptrend.
Finally, the February 12 close of $663.53 was resistance through the end of the following week. URI has pulled back to form a hammer candlestick at the same level. Has old resistance become new support?
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URI ( United Rentals Swing Trade target from Dec 22 2023Here is what I see on URI United Rentals Test 2 completed
$URI - Which is it?NYSE:URI is showing some weakness with negative divergence on both MACD and RSI. For the bulls, it looks like it is forming a cup and handle pattern. For the bears, it looks like a double top formation.
So, which is it? Here are the deciding factors:
If the price can break and close above $490, it could confirm the cup and handle breakout and the price could reach $552.
However, if the price breaks below $439, the double top pattern could play out and the price could fall to the $412 to $400 area.
URI ,,, Buy opportunity uptrend
It seems correction has been finished and I see a good bull candle as a trigger to purchase it.
Around 310 can be a good place for Sl.
United Rentals (URI): Stock is overbought and due for pullbackI am bullish on United Rentals (URI) for the long-term looking 3 to 5 years ahead.
The company has great fundamentals and is holding up well in this environment where we could see a recession in the U.S. in 2023.
URI just reported a positive Q4 earnings with a strong outlook.
The technicals show an overbought condition on the 1 day chart.
So, I am anticipating a decline in the stock which could be triggered by the Fed meeting on 1/31 & 2/1 depending on actions taken and what is said about future rate increases.
Action: wait for a decline, then buy
The link contains an article with a detailed discussion.
United Rentals ,,,, strong breakout Uptrend
It is a strong breakout of a top and my expectation is touching 590 .
Do not forget setting a good SL for it.
United Rentals: Where’s the Recession?Despite all the talk about a recession in 2023, many cyclical industrial companies have gained traction lately -- including United Rentals.
The first item on today’s chart is the $365 area where URI peaked in late March. Prices pushed against that level several times since mid-November while making higher lows. The result has been an ascending triangle. The stock broke out of that potentially bullish continuation pattern last week.
Next, the 50-day simple moving average (SMA) rose above the 200-day SMA in late November as the triangle formed. That kind of “golden cross” may suggest the longer-term trend is turning positive again.
Third, the 8-day exponential moving average (EMA) has remained above the 21-day EMA throughout the consolidation period. Such tight price action could indicate buyers exceed sellers.
Finally, MACD has just turned positive.
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$URI tight right side actionAnother one to keep an eye on is $URI as it tightens up very nicely on the right side of the chart.
Weekly chart looking constructive after breaking a multi month down trendline.
Daily OBV making multiple NHBP pointing to institution accumulation.
$URI with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $URI after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 88.89%.
UNITED RENTALS - BULLISH SCENARIOBounce back in the construction activity and huge amounts of federal infrastructure spending in the coming months are suggesting strong earnings for the sector and especially for United Rentals Inc, which is the largest equipment rental company in the world, serving its customers through an integrated network of over 1,100 rental locations in the U.S. and Canada.
From a technical point, we have a double bottom, with bullish RSI divergence and retest of the breakout.
The first strong resistance is located at 0.5 Fibonacci.
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URI DailyNYSE:URI daily looks like a good buy. After a perfect double bottom it has now broken the top trendline and the 5 EMA has crossed above the 20 EMA.
URI getting ready to move higher!* Excellent earnings
* Very strong up trend
* High relative strength in the Industrials sector
* Breaking out of a ~8 month consolidation with very high volume (172.64% higher than average)
* Max probable ROI on this trade is 26.08%
Note:
* Institutions don't buy breakouts, they create breakouts.
Trade Idea:
* Now is the perfect time to get in since the price is still very close to the broken level and it broke out on very high volume.
* Also, the last closing candle can be classified as a bullish pin bar showing tonnes of demand under the $364.30 area
United Rentals will be beneficiary of Stimulus talks & Stimulus$URI. One word: Stimulus.
BUY signal, 7 confirms, and bouncing off .618 Fibonacci retracement.
Buy stock or long-term options.
Stop loss is $260, b/c YTD it's up 92%.
Happy Trading, from CJ -- aka the greatest FURU.
To find out more about The Ultimate Stock Indicator on Tradingview, please check my public profile.
$URI - Updated Wave Count
Jan 11 Update:
- Had nice entry on the pull back to support at 224 on Jan 24 and then had a nice GAP up
- Hit our 2.272% target and just under the 1.615%
- slight retrace flagging down to the 0.382 which is close to my 38.2% wave 4 bottom. Is this the wave 4?
Trade Entry Options were:
Entry Option 1 - Breakout: $234.50
Entry Option 2 - Pull Back: $225-226 or $227-$230
Stop: $224
Targets: 245, 273, 288, 307
$URI Awaiting Breakout In United Rentals.
URI had recently broken to new highs but was hindered by the
most recent decline in the markets.
URI is for sure a election play, with infrastructure spending used to woo voters.
Its also benefits from the thriving Housing market.
The commodities surge also signals growth ahead.
Local Fibonacci price targets as per the chart, with 3 particular levels of interest.
Looks like a Bull-Flag is forming, a break out from that structure show see buyers.
Rising Narrowing Wedge Ascending TriangleURI also broke out of an A Triangle at 171.5 ish. All time high for URI is 190.74. Yearly Low is 58.58 so if the market coopereated, a gain from the deep C&H pattern would be substantial. It would have to get past the all time high and also get out of this long term rising wedge that finally caught up with it, but according to the pattern, the cup is 113/approximate deep. 171.75 + 113= ALOT. LOL That would be long term and unless it gets past some obstacle, it will not happen anytime soon
Rising wedges are long term patterns and both trendlines slope up unlike triangles. In the end, there is a shortage of buyers because everyone already bought it! They are almost always bearish in the end, but you can trade inside of it if you watch the bottom trendline. Too stressful for me, so I do not trade the stock until they fall out
Falling wedges at the bottom are bullish
There is also an ascending triangle. The top of the triangle could supply strong S at 171.5ish. If it falls past there, I see strong S at 153.5ish
Be safe and watch those rising wedges as they are everywhere in this market. There are few to be found in the financial, travel or utility sector.
Not a recommendation
