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Archive
- 11/22/2024 -
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United Rentals (URI) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a first positive week for the United Rentals (URI). During the week, the URI gained 10.30 points, or 1.23%, and closed at 849.30 on Friday, November 22, 2024. Weekly volume was -9% 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 March 6, 2009 at 2.52 and reached 897.00 on November 11, 2024. URI gained -894.48 points, or -35495.24%, in 818 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (84.69) 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 June 14, 2024 at 596.48 and reached 897.00 on November 11, 2024. URI gained -300.52 points, or -50.38%, in 21 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 800.72 and resistance is at 895.82. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See URI weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 September 13, 2024. 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 November 11, 2024 at 897.00 and reached 817.80 on November 20, 2024. URI lost 79.20 points, or 8.83%, in 9 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See URI daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Industrials |
9 |
| Industry |
Trading Companies & Distributors |
94 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
897.00 |
| High Date |
11/11/2024 |
| Low |
817.80 |
| Low Date |
11/20/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
779.60 |
| Low Date |
11/04/2024 |
| High |
897.00 |
| High Date |
11/11/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Valid |
| Resistance |
895.82 |
| Support |
800.72 |
| Low |
596.48 |
| Low Date |
06/14/2024 |
| High |
897.00 |
| High Date |
11/11/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
230.54 |
| Low Date |
06/23/2022 |
| High |
897.00 |
| High Date |
11/11/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Broken Resistance |
| Resistance |
516.09 |
| Support |
84.69 |
| Low |
2.52 |
| Low Date |
03/06/2009 |
| High |
897.00 |
| High Date |
11/11/2024 |
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