Learn to Evaluate United Rentals ($URI) using the Charts

March 22, 2023, 15:30 pm ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for URI

• Buy URI slightly over 355.30 target 410.07 stop loss @ 354.27 Details

The technical summary data tells us to buy URI near 355.30 with an upside target of 410.07. This data also tells us to set a stop loss @ 354.27 to protect against excessive loss in case the stock begins to move against the trade. 355.30 is the first level of support below 397.13 , and by rule, any test of support is a buy signal. In this case, support 355.30 is being tested, a buy signal would exist.

• Short URI slightly under 410.07, target 355.30, stop loss @ 411.25 Details

The technical summary data is suggesting a short of URI as it gets near 410.07 with a downside target of 355.30. We should have a stop loss in place at 411.25though. 410.07 is the first level of resistance above 397.13, and by rule, any test of resistance is a short signal. In this case, if resistance 410.07 is being tested, a short signal would exist.

Swing Trading Plans for URI

• Buy URI slightly over 410.07, target n/a, Stop Loss @ 408.89 Details

If 410.07 begins to break higher, the technical summary data tells us to buy URI just slightly over 410.07, with an upside target of n/a. The data also tells us to set a stop loss @ 408.89 in case the stock turns against the trade. 410.07 is the first level of resistance above 397.13, and by rule, any break above resistance is a buy signal. In this case, 410.07, 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 410.07, target 380.48, Stop Loss @ 411.25. Details

The technical summary data is suggesting a short of URI if it tests 410.07 with a downside target of 380.48. We should have a stop loss in place at 411.25 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, 410.07, 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 410.07, target n/a, Stop Loss @ 409.11 Details

If 410.07 begins to break higher, the technical summary data tells us to buy URI just slightly over 410.07, with an upside target of n/a. The data also tells us to set a stop loss @ 409.11 in case the stock turns against the trade. 410.07 is the first level of resistance above 397.13, and by rule, any break above resistance is a buy signal. In this case, 410.07, 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 410.07, target 395.01, Stop Loss @ 411.03. Details

The technical summary data is suggesting a short of URI if it tests 410.07 with a downside target of 395.01. We should have a stop loss in place at 411.03 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, 410.07, 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 (URI) available here: URI.

URI Ratings for March 22:

Term →	Near	Mid	Long
Rating	Weak	Strong	Strong
P1	0	0	301.18
P2	373.85	350.39	355.30
P3	395.01	380.48	410.07

AI Generated Signals for URI

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  United Rentals (NYSE: URI) report below can help you understand how to do this. The trading plans for URI, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.