The Greedy Trader Weekly Analysis
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- 3/15/2024 -
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United Rentals (URI) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support lineWilliams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance line
Daily :
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It was the negative week for the United Rentals (URI). During the week, the URI gave back -0.56 points, or -0.08%, and closed at 675.58 on Friday, March 15, 2024. Weekly volume was -27% below average.

URI is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See URI long-term trend chart]
A long-term uptrend had started on June 23, 2022 at 230.54 and reached 732.37 on March 4, 2024. URI gained -501.83 points, or -217.68%, in 88 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (428.71) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See URI medium-term trend chart]
A medium-term uptrend had started on October 26, 2023 at 387.01 and reached 732.37 on March 4, 2024. URI gained -345.36 points, or -89.24%, in 18 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (682.09) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See URI weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 24, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See URI short-term trend chart]
A short-term downtrend had started on March 4, 2024 at 732.37 and reached 650.01 on March 11, 2024. URI lost 82.36 points, or 11.25%, in 7 days. The price is now at the 31.05% retracement level.

Daily Technical Indicators: [See URI daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since March 5, 2024. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.00
Williams' Percentage Range (W%R) 68.90
Lane's Stochastic (%D-Slow) 28.93
Greed/Fear Indicator (GFI) 37.33
Moving Average Converg./Diverg. (MACD) 14.94
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.61
Williams' Percentage Range (W%R) 18.80
Overbought
Lane's Stochastic (%D-Slow) 83.54
Overbought
Greed/Fear Indicator (GFI) 74.68
Moving Average Converg./Diverg. (MACD) 50.99
Trading Signals
Description Value Chart
Monthly Trendline Resistance 752.30
Parabolic System 710.07
Upper Bollinger Band 702.39
Weekly Stochastic Crossing 700.15
Monthly Trendline Support 682.09
Price 675.58
20 Day Moving Average 673.18
Daily Stochastic Crossing 663.44
Lower Bollinger Band 634.90
50 Day Moving Average 633.15
Sector and Industry
Description Name Rank
Sector Industrials 12
Industry Trading Companies & Distributors 100
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 732.37
High Date 03/04/2024
Low 650.01
Low Date 03/11/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 533.70
Low Date 01/08/2024
High 732.37
High Date 03/04/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 752.30
Support 682.09
Low 387.01
Low Date 10/26/2023
High 732.37
High Date 03/04/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 503.41
Support 428.71
Low 230.54
Low Date 06/23/2022
High 732.37
High Date 03/04/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2.52
Low Date 03/06/2009
High 732.37
High Date 03/04/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.