Based on the provided data and technical analysis, here is the price prediction for URI for the next trading week:
Technical Analysis
- Current RSI (14) at 62.90 indicates moderate bullish momentum without being overbought
- Fibonacci levels show key resistance at $787.39 and strong resistance at $820.73, with support at $679.47 and $646.13
- Currently trading above 20-day SMA of $725.73, suggesting positive short-term trend
News Impact
- United Rentals announced acquisition of H&E Equipment Services for $4.8 billion, which demonstrates aggressive growth strategy
- The company received a high rating of 81% from Validea's Multi-Factor Investor model, indicating strong fundamentals
- URI will release earnings along with other major companies this week, which could impact short-term price movement
Price Target Prediction for Next Week
Base case (60% probability): $780-795
- Supported by positive technical momentum and strong fundamentals
- Key resistance at $787.39 likely to be tested
Bullish case (25% probability): $805-820
- Triggered by positive earnings surprise and market optimism
- Could test second Fibonacci resistance at $820.73
Bearish case (15% probability): $740-760
- If earnings disappoint or broader market weakness emerges
- Support expected around $733.43 (Fibonacci pivot)
Trading Recommendation: BUY
- Entry point: Current market price ($771.00)
- Initial target: $787.39 (first resistance)
- Stop loss: $733.43 (Fibonacci pivot)
- Risk/reward ratio: 1:1.8
The stock shows strong technical setup with positive fundamental backdrop heading into earnings week. The acquisition news and high analyst ratings provide additional support for upward momentum.
Based on the provided data and technical analysis, here is the price prediction for URI for the next trading week:
Technical Analysis
- Current RSI (14) at 62.90 indicates moderate bullish momentum without being overbought
- Fibonacci levels show key resistance at $787.39 and strong resistance at $820.73, with support at $679.47 and $646.13
- Currently trading above 20-day SMA of $725.73, suggesting positive short-term trend
News Impact
- United Rentals announced acquisition of H&E Equipment Services for $4.8 billion, which demonstrates aggressive growth strategy
- The company received a high rating of 81% from Validea's Multi-Factor Investor model, indicating strong fundamentals
- URI will release earnings along with other major companies this week, which could impact short-term price movement
Price Target Prediction for Next Week
Base case (60% probability): $780-795
- Supported by positive technical momentum and strong fundamentals
- Key resistance at $787.39 likely to be tested
Bullish case (25% probability): $805-820
- Triggered by positive earnings surprise and market optimism
- Could test second Fibonacci resistance at $820.73
Bearish case (15% probability): $740-760
- If earnings disappoint or broader market weakness emerges
- Support expected around $733.43 (Fibonacci pivot)
Trading Recommendation: BUY
- Entry point: Current market price ($771.00)
- Initial target: $787.39 (first resistance)
- Stop loss: $733.43 (Fibonacci pivot)
- Risk/reward ratio: 1:1.8
The stock shows strong technical setup with positive fundamental backdrop heading into earnings week. The acquisition news and high analyst ratings provide additional support for upward momentum.