UNITED RENTALS INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	URI
ISIN:

UNITED RENTALS INC. - Daily - Technical analysis published on 10/31/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 128.93 USD

My targets

137.59 USD (+1.21%)

140.94 USD (+3.68%)

My analysis

The bullish trend is currently very strong on UNITED RENTALS INC.. As long as the price remains above the support at 128.93 USD, you could try to benefit from the boom. The first bullish objective is located at 137.59 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 140.94 USD as an objective. Crossing it would then enable buyers to target 171.76 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

FORCE

Comment on the analysis

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 Bastien Huneau. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The UNITED RENTALS INC. rating is 135.94 USD. On the day, this instrument lost -0.80% with the lowest point at 132.86 USD and the highest point at 136.43 USD. The deviation from the price is +2.32% for the low point and -0.36% for the high point.

132.86

136.43

135.94

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by UNITED RENTALS INC.:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this UNITED RENTALS INC. chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	110.72	119.02	128.93	135.94	137.59	140.94	171.76
Change (%)	-18.55%	-12.45%	-5.16%	-	+1.21%	+3.68%	+26.35%
Change	-25.22	-16.92	-7.01	-	+1.65	+5.00	+35.82
Level	Major	Major	Intermediate	-	Intermediate	Major	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	131.30	133.13	135.09	136.92	138.88	140.71	142.67
Camarilla	136.00	136.35	136.69	137.04	137.39	137.74	138.08
Woodie	131.36	133.16	135.15	136.95	138.94	140.74	142.73
Fibonacci	133.13	134.58	135.48	136.92	138.37	139.27	140.71

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	123.40	125.93	130.65	133.18	137.90	140.43	145.15
Camarilla	133.39	134.05	134.72	135.38	136.05	136.71	137.37
Woodie	124.51	126.48	131.76	133.73	139.01	140.98	146.26
Fibonacci	125.93	128.70	130.41	133.18	135.95	137.66	140.43

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	86.87	97.46	111.05	121.64	135.23	145.82	159.41
Camarilla	117.99	120.21	122.42	124.64	126.86	129.07	131.29
Woodie	88.37	98.21	112.55	122.39	136.73	146.57	160.91
Fibonacci	97.46	106.70	112.40	121.64	130.88	136.58	145.82

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	67.64
MACD (12,26,9):	4.4000
Directional Movement:	16.03
AROON (14):	92.86
DEMA (21):	133.32
Parabolic SAR (0,02-0,02-0,2):	129.78
Elder Ray (13):	3.89
Super Trend (3,10):	123.55
Zig ZAG (10):	135.94
VORTEX (21):	1.1100
Stochastique (14,3,5):	92.09
TEMA (21):	136.41
Williams %R (14):	-12.48
Chande Momentum Oscillator (20):	17.26
Repulse (5,40,3):	3.3400
ROCnROLL:	1
TRIX (15,9):	0.3300
Courbe Coppock:	33.22

MA7:	134.63
MA20:	124.57
MA50:	121.36
MA100:	122.66
MAexp7:	133.97
MAexp20:	128.26
MAexp50:	124.04
MAexp100:	122.90
Price / MA7:	+0.97%
Price / MA20:	+9.13%
Price / MA50:	+12.01%
Price / MA100:	+10.83%
Price / MAexp7:	+1.47%
Price / MAexp20:	+5.99%
Price / MAexp50:	+9.59%
Price / MAexp100:	+10.61%

News

The last news published on UNITED RENTALS INC. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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