(URI) Trading Signals

May 28, 2024, 19:20 pm ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for URI

• Buy URI slightly over 638.77 target 704.22 stop loss @ 636.93 Details

The technical summary data tells us to buy URI near 638.77 with an upside target of 704.22. This data also tells us to set a stop loss @ 636.93 to protect against excessive loss in case the stock begins to move against the trade. 638.77 is the first level of support below 664.75 , and by rule, any test of support is a buy signal. In this case, support 638.77 would be being tested, so a buy signal would exist.

• Short URI slightly under 704.22, target 638.77, stop loss @ 706.25 Details

The technical summary data is suggesting a short of URI as it gets near 704.22 with a downside target of 638.77. We should have a stop loss in place at 706.25though. 704.22 is the first level of resistance above 664.75, and by rule, any test of resistance is a short signal. In this case, if resistance 704.22 is being tested, so a short signal would exist.

Swing Trading Plans for URI

• Buy URI slightly over 681.91, target 704.22, Stop Loss @ 679.94 Details

If 681.91 begins to break higher, the technical summary data tells us to buy URI just slightly over 681.91, with an upside target of 704.22. The data also tells us to set a stop loss @ 679.94 in case the stock turns against the trade. 681.91 is the first level of resistance above 664.75, and by rule, any break above resistance is a buy signal. In this case, 681.91, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short URI slightly near 681.91, target 660.08, Stop Loss @ 683.88. Details

The technical summary data is suggesting a short of URI if it tests 681.91 with a downside target of 660.08. We should have a stop loss in place at 683.88 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 681.91, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for URI

• Buy URI slightly over 666.47, target 681.91, Stop Loss @ 664.92 Details

If 666.47 begins to break higher, the technical summary data tells us to buy URI just slightly over 666.47, with an upside target of 681.91. The data also tells us to set a stop loss @ 664.92 in case the stock turns against the trade. 666.47 is the first level of resistance above 664.75, and by rule, any break above resistance is a buy signal. In this case, 666.47, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short URI slightly near 666.47, target 660.08, Stop Loss @ 668.02. Details

The technical summary data is suggesting a short of URI if it tests 666.47 with a downside target of 660.08. We should have a stop loss in place at 668.02 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 666.47, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for United Rentals Inc. (URI) available here: URI.

URI Ratings for May 28:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	638.77
P2	655.77	660.08	704.22
P3	666.47	681.91	770.3

AI Generated Signals for URI

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Trading United Rentals Inc. (NYSE: URI) can be efficient and rewarding, especially in volatile markets, so long as the important pivot points for the stock are observed before making decisions to buy, sell, or short.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for URI change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if URI is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for URI too.  All of these are offered below the Summary Table.