UNITED RENTALS INC (URI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:URI - US9113631090 - Common Stock
Overall URI gets a technical rating of 6 out of 10. URI has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
URI has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
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3 important support areas can be observed.
- A support zone ranging from 830.10 to 839.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 809.31 to 815.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @778.02 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @980.81 from a horizontal line in the weekly time frame.
- Resistance @1020.01 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for URI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for URI is up. |
| ChartMill Relative Strength | 78.08 | POSITIVE | URI has a high relative strength, it outperformed 78.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of URI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of URI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of URI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.56 | OVERBOUGHT | The high RSI value suggests URI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 13.97 | POSITIVE | The MACD value suggests URI has a positive trend. |
| Stochastics (14,3) | 88.98 | OVERBOUGHT | The high Stochastics value suggests URI may be overbought. |
| Average True Range in percent/ATR (20) | 2.73 | MEDIUM VOLATILITY | The ATR as a percentage value for URI suggests some volalility. |
| Average Directional Index/ADX (14) | 30.36 | POSITIVE | The high ADX value value for URI suggests a strong trend. |
938.79
+20.93 (+2.28%)
UNITED RENTALS INC / URI FAQ
What is the ChartMill technical rating of UNITED RENTALS INC (URI) stock?
ChartMill assigns a technical rating of 6 / 10 to URI.
Can you provide the trend direction for UNITED RENTALS INC?
The current trend direction for UNITED RENTALS INC (URI) is Bearish.
What is the RSI signal for URI stock?
UNITED RENTALS INC (URI) has an RSI value of 73.5584. This indicates that the stock is currently overbought.
What is the support and resistance level for URI stock?
UNITED RENTALS INC (URI) has a support level at 839.09 and a resistance level at 980.81. Check the full technical report for our detailed analysis of URI support and resistance levels.