URI Technical Analysis - UNITED RENTALS INC

Technical Rating and Analysis

Overall URI gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, URI is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.

URI is one of the better performing stocks in the Trading Companies & Distributors industry, it outperforms 81% of 49 stocks in the same industry.

URI is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month URI has a been trading in the 913.59 - 1021.36 range, which is quite wide. It is currently trading near the high of this range.

When comparing the yearly performance of all stocks, we notice that URI is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this relatively good performance is mostly due to a recent big move.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

UNITED RENTALS INC / URI Weekly stock chart

UNITED RENTALS INC / URI Daily stock chart

Setup Rating and Analysis

Although URI has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

916.24

1,028.46

We found 2 important support areas.

A support zone ranging from 962.81 to 965.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 925.49 to 943.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	UP	POSITIVE	The long term trend for URI is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for URI is up.
ChartMill Relative Strength	83.73	POSITIVE	URI has a high relative strength, it outperformed 83.73% 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)	65.92	NEUTRAL	The RSI value for URI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	2.6	POSITIVE	The MACD value suggests URI has a positive trend.
Stochastics (14,3)	85.77	OVERBOUGHT	The high Stochastics value suggests URI may be overbought.
Average True Range in percent/ATR (20)	2.28	MEDIUM VOLATILITY	The ATR as a percentage value for URI suggests some volalility.
Average Directional Index/ADX (14)	21.17	NEUTRAL	The ADX value for URI suggests a possible start of a new trend.