|
|
Archive - 3/15/2024 - Sign In to see current Signals. |
United Rentals (URI) Technical Analysis
|
|
| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | 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 |
|
Weekly Oscillators |
|
Trading
Signals |
|
|
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 |
|
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 |
|
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 |
|
|