Trend Tracker for (URI)

October 30, 2024, 12:26 pm ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for URI

• Buy URI near 795.8 target 869.61 stop loss @ 793.5 Details

The technical summary data tells us to buy URI near 795.8 with an upside target of 869.61. This data also tells us to set a stop loss @ 793.5 to protect against excessive loss in case the stock begins to move against the trade. 795.8 is the first level of support below 813.75 , and by rule, any test of support is a buy signal. In this case, support 795.8 is being tested, a buy signal would exist.

• Short URI slightly under 869.61, target 795.8, stop loss @ 872.12 Details

The technical summary data is suggesting a short of URI as it gets near 869.61 with a downside target of 795.8. We should have a stop loss in place at 872.12though. 869.61 is the first level of resistance above 813.75, and by rule, any test of resistance is a short signal. In this case, if resistance 869.61 is being tested, a short signal would exist.

Swing Trading Plans for URI

• Buy URI slightly over 829.74, target 869.61, Stop Loss @ 827.34 Details

If 829.74 begins to break higher, the technical summary data tells us to buy URI just slightly over 829.74, with an upside target of 869.61. The data also tells us to set a stop loss @ 827.34 in case the stock turns against the trade. 829.74 is the first level of resistance above 813.75, and by rule, any break above resistance is a buy signal. In this case, 829.74, 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 829.74, target 807.08, Stop Loss @ 832.14. Details

The technical summary data is suggesting a short of URI if it tests 829.74 with a downside target of 807.08. We should have a stop loss in place at 832.14 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, 829.74, 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 819.03, target 829.74, Stop Loss @ 817.12 Details

If 819.03 begins to break higher, the technical summary data tells us to buy URI just slightly over 819.03, with an upside target of 829.74. The data also tells us to set a stop loss @ 817.12 in case the stock turns against the trade. 819.03 is the first level of resistance above 813.75, and by rule, any break above resistance is a buy signal. In this case, 819.03, 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 819.03, target 807.08, Stop Loss @ 820.94. Details

The technical summary data is suggesting a short of URI if it tests 819.03 with a downside target of 807.08. We should have a stop loss in place at 820.94 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, 819.03, 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 October 30:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	721.77
P2	804.5	807.08	795.8
P3	819.03	829.74	869.61

AI Generated Signals for URI

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The data for United Rentals Inc. (NYSE: URI) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

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.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

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.