How the (URI) price action is used to our Advantage

June 19, 2024, 11:08 am ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for URI

• Buy URI slightly over 634.87 target 706.85 stop loss @ 633.04 Details

The technical summary data tells us to buy URI near 634.87 with an upside target of 706.85. This data also tells us to set a stop loss @ 633.04 to protect against excessive loss in case the stock begins to move against the trade. 634.87 is the first level of support below 644.89 , and by rule, any test of support is a buy signal. In this case, support 634.87 would be being tested, so a buy signal would exist.

• Short URI slightly under 706.85, target 634.87, stop loss @ 708.89 Details

The technical summary data is suggesting a short of URI as it gets near 706.85 with a downside target of 634.87. We should have a stop loss in place at 708.89though. 706.85 is the first level of resistance above 644.89, and by rule, any test of resistance is a short signal. In this case, if resistance 706.85 is being tested, so a short signal would exist.

Swing Trading Plans for URI

• Buy URI slightly over 706.85, target 778.6, Stop Loss @ 704.81 Details

If 706.85 begins to break higher, the technical summary data tells us to buy URI just slightly over 706.85, with an upside target of 778.6. The data also tells us to set a stop loss @ 704.81 in case the stock turns against the trade. 706.85 is the first level of resistance above 644.89, and by rule, any break above resistance is a buy signal. In this case, 706.85, 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 706.85, target 636.64, Stop Loss @ 708.89. Details

The technical summary data is suggesting a short of URI if it tests 706.85 with a downside target of 636.64. We should have a stop loss in place at 708.89 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, 706.85, 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 706.85, target 778.6, Stop Loss @ 705.2 Details

If 706.85 begins to break higher, the technical summary data tells us to buy URI just slightly over 706.85, with an upside target of 778.6. The data also tells us to set a stop loss @ 705.2 in case the stock turns against the trade. 706.85 is the first level of resistance above 644.89, and by rule, any break above resistance is a buy signal. In this case, 706.85, 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 706.85, target 636.64, Stop Loss @ 708.5. Details

The technical summary data is suggesting a short of URI if it tests 706.85 with a downside target of 636.64. We should have a stop loss in place at 708.5 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, 706.85, 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 June 19:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	634.87
P2	604.68	610.17	706.85
P3	632.72	636.64	778.6

AI Generated Signals for URI

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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.