(URI) Trading Signals

November 21, 2024, 00:06 am ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for URI

• Buy URI near 808.94 target 881.31 stop loss @ 806.6 Details

The technical summary data tells us to buy URI near 808.94 with an upside target of 881.31. This data also tells us to set a stop loss @ 806.6 to protect against excessive loss in case the stock begins to move against the trade. 808.94 is the first level of support below 820.55 , and by rule, any test of support is a buy signal. In this case, support 808.94 is being tested, a buy signal would exist.

• Short URI slightly under 881.31, target 808.94, stop loss @ 883.86 Details

The technical summary data is suggesting a short of URI as it gets near 881.31 with a downside target of 808.94. We should have a stop loss in place at 883.86though. 881.31 is the first level of resistance above 820.55, and by rule, any test of resistance is a short signal. In this case, if resistance 881.31 is being tested, a short signal would exist.

Swing Trading Plans for URI

• Buy URI slightly over 860.5, target 881.31, Stop Loss @ 858.01 Details

If 860.5 begins to break higher, the technical summary data tells us to buy URI just slightly over 860.5, with an upside target of 881.31. The data also tells us to set a stop loss @ 858.01 in case the stock turns against the trade. 860.5 is the first level of resistance above 820.55, and by rule, any break above resistance is a buy signal. In this case, 860.5, 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 860.5, target 809.17, Stop Loss @ 862.99. Details

The technical summary data is suggesting a short of URI if it tests 860.5 with a downside target of 809.17. We should have a stop loss in place at 862.99 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, 860.5, 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 860.5, target 881.31, Stop Loss @ 858.49 Details

If 860.5 begins to break higher, the technical summary data tells us to buy URI just slightly over 860.5, with an upside target of 881.31. The data also tells us to set a stop loss @ 858.49 in case the stock turns against the trade. 860.5 is the first level of resistance above 820.55, and by rule, any break above resistance is a buy signal. In this case, 860.5, 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 860.5, target 820.15, Stop Loss @ 862.51. Details

The technical summary data is suggesting a short of URI if it tests 860.5 with a downside target of 820.15. We should have a stop loss in place at 862.51 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, 860.5, 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 November 21:

Term →	Near	Mid	Long
Rating	Weak	Strong	Strong
P1	0	0	735.42
P2	813.51	809.17	808.94
P3	820.15	860.5	881.31

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.