UNITED RENTALS INC (URI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:URI - US9113631090 - Common Stock
We assign a technical rating of 0 out of 10 to URI. URI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, URI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 807.55. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for URI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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762.29
When analyzing the support we can see 2 important areas.
- Support @796.90 from a horizontal line in the weekly time frame.
- A support zone ranging from 769.99 to 783.89. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 807.55 to 817.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for URI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for URI is down. |
| ChartMill Relative Strength | 21.17 | NEGATIVE | URI has a low relative strength, it was outperformed by 78.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of URI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of URI is below a declining 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) | 36.07 | NEUTRAL | The RSI value for URI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 4.02 | POSITIVE | The MACD value suggests URI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 45.51 | NEUTRAL | The Stochastics value for URI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.58 | MEDIUM VOLATILITY | The ATR as a percentage value for URI suggests some volalility. |
| Average Directional Index/ADX (14) | 49.1 | POSITIVE | The high ADX value value for URI suggests a strong trend. |
796.91
-10.83 (-1.34%)
UNITED RENTALS INC / URI FAQ
What is the ChartMill technical rating of UNITED RENTALS INC (URI) stock?
ChartMill assigns a technical rating of 0 / 10 to URI.
What is the trend direction for URI stock?
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 36.0708. This indicates that the stock is currently neutral.
What is the MACD signal for UNITED RENTALS INC (URI) stock?
The MACD indicator for UNITED RENTALS INC (URI) has a value of 4.01749, indicating a bullish trend.
What is the short term momentum for URI stock?
The short term momentum for UNITED RENTALS INC (URI) is negative.