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United Rentals, Inc.United Rentals, Inc.United Rentals, Inc.

United Rentals, Inc.

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URI trade ideas

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? TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:URI
by TradeStation
$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.
NYSE:URI
by PaperBozz
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.
NYSE:URI
by Zman1175
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. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
Editors' picks
NYSE:URI
by TradeStation
14
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. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:URILong
by legacyFXofficial
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
NYSE:URILong
by HaseebKhan_90
$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.
NYSE:URI
by Bullishcharts
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
NYSE:URI
by lauralea