Learn to Evaluate (URI) using the Charts
April 09, 2024, 08:04 am ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for URI
- Buy URI slightly over 667.1 target 730.31 stop loss @ 665.17 Details
The technical summary data tells us to buy URI near 667.1 with an upside target of 730.31. This data also tells us to set a stop loss @ 665.17 to protect against excessive loss in case the stock begins to move against the trade. 667.1 is the first level of support below 702.96 , and by rule, any test of support is a buy signal. In this case, support 667.1 is being tested, a buy signal would exist.
- Short URI slightly under 730.31, target 667.1, stop loss @ 732.42 Details
The technical summary data is suggesting a short of URI as it gets near 730.31 with a downside target of 667.1. We should have a stop loss in place at 732.42though. 730.31 is the first level of resistance above 702.96, and by rule, any test of resistance is a short signal. In this case, if resistance 730.31 is being tested, a short signal would exist.
Swing Trading Plans for URI
- Buy URI slightly over 712.08, target 730.31, Stop Loss @ 710.02 Details
If 712.08 begins to break higher, the technical summary data tells us to buy URI just slightly over 712.08, with an upside target of 730.31. The data also tells us to set a stop loss @ 710.02 in case the stock turns against the trade. 712.08 is the first level of resistance above 702.96, and by rule, any break above resistance is a buy signal. In this case, 712.08, 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 712.08, target 694.27, Stop Loss @ 714.14. Details
The technical summary data is suggesting a short of URI if it tests 712.08 with a downside target of 694.27. We should have a stop loss in place at 714.14 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, 712.08, 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 705.88, target 712.08, Stop Loss @ 704.23 Details
If 705.88 begins to break higher, the technical summary data tells us to buy URI just slightly over 705.88, with an upside target of 712.08. The data also tells us to set a stop loss @ 704.23 in case the stock turns against the trade. 705.88 is the first level of resistance above 702.96, and by rule, any break above resistance is a buy signal. In this case, 705.88, 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 705.88, target 694.27, Stop Loss @ 707.53. Details
The technical summary data is suggesting a short of URI if it tests 705.88 with a downside target of 694.27. We should have a stop loss in place at 707.53 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, 705.88, 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 April 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
604.18 |
| P2 |
705.88 |
694.27 |
667.1 |
| P3 |
717.55 |
712.08 |
730.31 |
AI Generated Signals for URI
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The United Rentals Inc. (NYSE: URI) report below can help you understand how to do this. The trading plans for URI, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for URI:
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