Score 7.8 (out of 10): UNITED RENTALS sets up for +14.1% rally in 3 months

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What’s Going On Here?

United Rentals, Inc. is the world’s largest equipment rental company, with about 13 percent of the North American market share as of 2019.

Why Now?

UNITED RENTALS INC has triggered a new high volatility signal (3 month). During similar occasions, UNITED RENTALS INC shares had a median return of +14.1%, over the following 3 months – based on 10 historical occasions with 7 of those showing positive returns (70%). This buy signal for UNITED RENTALS INC received a high score of 7.8 (out of 10). This insight was generated on 2022-March-15 with last price of 334.55.

What’s This Company About?

UNITED RENTALS INC is in the Rental Auto/Equipment business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. Ticker symbol: URI US.

What’s My Risk / Reward and Time Horizon?

We found 3 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 374.63 (+14.1%) has been reached. Based on UNITED RENTALS INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 310.95 (last price at 328.35), which is equivalent to a -5.3% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ under (2), etc.

Previous episodes:

-13.5% (May-2020), – 1.7% (March-2020), 17.8% (December-2018), 5.2% (October-2018), -3.7% (May-2018), 27.1% (March-2018), 29.5% (March-2016), 31.8% (January-2016), 10.4% (September-2015), 31.4% (July- 2015).

Historical Chart:

Summary:

NameUNITED RENTALS INC
ViewUp
Star (1 to 10)7.8
Target+14.1%
Time3 months
Hist Rate70%

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