How the (URI) price action is used to our Advantage
September 17, 2024, 07:38 am ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for URI
- Buy URI slightly over 680.72 target 759.03 stop loss @ 678.75 Details
The technical summary data tells us to buy URI near 680.72 with an upside target of 759.03. This data also tells us to set a stop loss @ 678.75 to protect against excessive loss in case the stock begins to move against the trade. 680.72 is the first level of support below 741.96 , and by rule, any test of support is a buy signal. In this case, support 680.72 would be being tested, so a buy signal would exist.
- Short URI slightly under 759.03, target 680.72, stop loss @ 761.22 Details
The technical summary data is suggesting a short of URI as it gets near 759.03 with a downside target of 680.72. We should have a stop loss in place at 761.22though. 759.03 is the first level of resistance above 741.96, and by rule, any test of resistance is a short signal. In this case, if resistance 759.03 is being tested, so a short signal would exist.
Swing Trading Plans for URI
- Buy URI slightly over 759.03, target 838.08, Stop Loss @ 756.84 Details
If 759.03 begins to break higher, the technical summary data tells us to buy URI just slightly over 759.03, with an upside target of 838.08. The data also tells us to set a stop loss @ 756.84 in case the stock turns against the trade. 759.03 is the first level of resistance above 741.96, and by rule, any break above resistance is a buy signal. In this case, 759.03, 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 759.03, target 730.68, Stop Loss @ 761.22. Details
The technical summary data is suggesting a short of URI if it tests 759.03 with a downside target of 730.68. We should have a stop loss in place at 761.22 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, 759.03, 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.
Day Trading Plans for URI
- Buy URI slightly over 749.78, target 759.03, Stop Loss @ 748.03 Details
If 749.78 begins to break higher, the technical summary data tells us to buy URI just slightly over 749.78, with an upside target of 759.03. The data also tells us to set a stop loss @ 748.03 in case the stock turns against the trade. 749.78 is the first level of resistance above 741.96, and by rule, any break above resistance is a buy signal. In this case, 749.78, 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 749.78, target 733.18, Stop Loss @ 751.53. Details
The technical summary data is suggesting a short of URI if it tests 749.78 with a downside target of 733.18. We should have a stop loss in place at 751.53 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, 749.78, 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 September 17:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
680.72 |
| P2 |
733.18 |
689.7 |
759.03 |
| P3 |
749.78 |
730.68 |
838.08 |
AI Generated Signals for URI
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The United Rentals Inc. (NYSE: URI) data table below can help you with price action, and we have more details too. Trading plans for URI are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for URI:
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