Get started

Unitedrentals

United Rentals (URI): Stock is overbought and due for pullbackI am bullish on United Rentals (URI) for the long-term looking 3 to 5 years ahead. The company has great fundamentals and is holding up well in this environment where we could see a recession in the U.S. in 2023. URI just reported a positive Q4 earnings with a strong outlook. The technicals show an overbought condition on the 1 day chart. So, I am anticipating a decline in the stock which could be triggered by the Fed meeting on 1/31 & 2/1 depending on actions taken and what is said about future rate increases. Action: wait for a decline, then buy The link contains an article with a detailed discussion.
NYSE:URI
by Zman1175
UNITED RENTALS - BULLISH SCENARIOBounce back in the construction activity and huge amounts of federal infrastructure spending in the coming months are suggesting strong earnings for the sector and especially for United Rentals Inc, which is the largest equipment rental company in the world, serving its customers through an integrated network of over 1,100 rental locations in the U.S. and Canada. From a technical point, we have a double bottom, with bullish RSI divergence and retest of the breakout. The first strong resistance is located at 0.5 Fibonacci. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:URILong
by legacyFXofficial