How the (URI) price action is used to our Advantage
August 09, 2024, 18:26 pm ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for URI
- Buy URI slightly over 656.16 target 736.4 stop loss @ 654.27 Details
The technical summary data tells us to buy URI near 656.16 with an upside target of 736.4. This data also tells us to set a stop loss @ 654.27 to protect against excessive loss in case the stock begins to move against the trade. 656.16 is the first level of support below 696.1 , and by rule, any test of support is a buy signal. In this case, support 656.16 would be being tested, so a buy signal would exist.
- Short URI slightly under 736.4, target 656.16, stop loss @ 738.53 Details
The technical summary data is suggesting a short of URI as it gets near 736.4 with a downside target of 656.16. We should have a stop loss in place at 738.53though. 736.4 is the first level of resistance above 696.1, and by rule, any test of resistance is a short signal. In this case, if resistance 736.4 is being tested, so a short signal would exist.
Swing Trading Plans for URI
- Buy URI slightly over 736.4, target 816.42, Stop Loss @ 734.27 Details
If 736.4 begins to break higher, the technical summary data tells us to buy URI just slightly over 736.4, with an upside target of 816.42. The data also tells us to set a stop loss @ 734.27 in case the stock turns against the trade. 736.4 is the first level of resistance above 696.1, and by rule, any break above resistance is a buy signal. In this case, 736.4, 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 736.4, target 692.75, Stop Loss @ 738.53. Details
The technical summary data is suggesting a short of URI if it tests 736.4 with a downside target of 692.75. We should have a stop loss in place at 738.53 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, 736.4, 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 736.4, target 816.42, Stop Loss @ 734.68 Details
If 736.4 begins to break higher, the technical summary data tells us to buy URI just slightly over 736.4, with an upside target of 816.42. The data also tells us to set a stop loss @ 734.68 in case the stock turns against the trade. 736.4 is the first level of resistance above 696.1, and by rule, any break above resistance is a buy signal. In this case, 736.4, 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 736.4, target 695.66, Stop Loss @ 738.12. Details
The technical summary data is suggesting a short of URI if it tests 736.4 with a downside target of 695.66. We should have a stop loss in place at 738.12 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, 736.4, 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 August 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
656.16 |
| P2 |
677.3 |
642.56 |
736.4 |
| P3 |
695.66 |
692.75 |
816.42 |
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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