UNITED RENTALS INC. - Daily - Technical analysis published on 07/11/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 140.94 USD
My targets
150.89 USD (+2.07%)
160.72 USD (+8.72%)
My analysis
A bullish trend on UNITED RENTALS INC. both in substance and in the short term. A purchase could be considered as long as the price remains above 140.94 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 150.89 USD. Then the price could move towards 160.72 USD. Then 170.21 USD by extension. Be careful, a return below 140.94 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.3
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
UNITED RENTALS INC. rating 147.83 USD. The price has increased by +2.90% since the last closing and was between 143.71 USD and 148.93 USD. This implies that the price is at +2.87% from its lowest and at -0.74% from its highest.143.71
148.93
147.83
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by UNITED RENTALS INC.:
Technical
Technical analysis of this Daily chart of UNITED RENTALS INC. indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 8 are neutral and 4 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 103.36 | 122.54 | 140.94 | 147.83 | 150.89 | 160.72 | 170.21 |
| Change (%) | -30.08% | -17.11% | -4.66% | - | +2.07% | +8.72% | +15.14% |
| Change | -44.47 | -25.29 | -6.89 | - | +3.06 | +12.89 | +22.38 |
| Level | Major | Intermediate | Major | - | Major | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 132.63 | 137.32 | 140.49 | 145.18 | 148.35 | 153.04 | 156.21 |
| Camarilla | 141.50 | 142.22 | 142.94 | 143.66 | 144.38 | 145.10 | 145.82 |
| Woodie | 131.87 | 136.94 | 139.73 | 144.80 | 147.59 | 152.66 | 155.45 |
| Fibonacci | 137.32 | 140.32 | 142.18 | 145.18 | 148.18 | 150.04 | 153.04 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 131.15 | 136.49 | 142.20 | 147.54 | 153.25 | 158.59 | 164.30 |
| Camarilla | 144.87 | 145.88 | 146.90 | 147.91 | 148.92 | 149.94 | 150.95 |
| Woodie | 131.34 | 136.58 | 142.39 | 147.63 | 153.44 | 158.68 | 164.49 |
| Fibonacci | 136.49 | 140.71 | 143.32 | 147.54 | 151.76 | 154.37 | 158.59 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 105.72 | 121.11 | 135.08 | 150.47 | 164.44 | 179.83 | 193.80 |
| Camarilla | 140.97 | 143.66 | 146.35 | 149.04 | 151.73 | 154.42 | 157.11 |
| Woodie | 105.00 | 120.76 | 134.36 | 150.12 | 163.72 | 179.48 | 193.08 |
| Fibonacci | 121.11 | 132.33 | 139.26 | 150.47 | 161.69 | 168.62 | 179.83 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.20 | |
| MACD (12,26,9): | 1.7400 | |
| Directional Movement: | -2.82 | |
| AROON (14): | -14.28 | |
| DEMA (21): | 150.47 | |
| Parabolic SAR (0,02-0,02-0,2): | 141.28 | |
| Elder Ray (13): | -1.34 | |
| Super Trend (3,10): | 140.34 | |
| Zig ZAG (10): | 147.83 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 38.88 | |
| TEMA (21): | 146.85 | |
| Williams %R (14): | -55.41 | |
| Chande Momentum Oscillator (20): | -6.15 | |
| Repulse (5,40,3): | -0.5300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3100 | |
| Courbe Coppock: | 6.34 |
| MA7: | 147.45 | |
| MA20: | 149.04 | |
| MA50: | 138.54 | |
| MA100: | 122.86 | |
| MAexp7: | 147.27 | |
| MAexp20: | 147.12 | |
| MAexp50: | 139.71 | |
| MAexp100: | 134.16 | |
| Price / MA7: | +0.26% | |
| Price / MA20: | -0.81% | |
| Price / MA50: | +6.71% | |
| Price / MA100: | +20.32% | |
| Price / MAexp7: | +0.38% | |
| Price / MAexp20: | +0.48% | |
| Price / MAexp50: | +5.81% | |
| Price / MAexp100: | +10.19% |
Quotes :
2020-07-10 19:59:59
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on UNITED RENTALS INC. at the time of the analysis were as follows:
- United Rentals Provides Update on Business Response to COVID-19
- United Rentals to Host its Annual Meeting of Stockholders in Virtual Format
- United Rentals to Present at the Evercore ISI 12th Annual Industrial Conference
- United Rentals to Present at the Citi 2020 Global Industrials Conference
- United Rentals Announces Pricing of Offering of $750 Million of 4.000% Senior Notes due 2030
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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