A Bearish Sign Appears On United Rentals's Chart
Portfolio Pulse from Benzinga Insights
A bearish 'death cross' has formed on United Rentals' (NYSE:URI) chart, indicating a potential downward trend for the stock. The death cross occurs when the 50-day moving average moves below the 200-day moving average. United Rentals is trading around $389.70 at publication time.
June 12, 2023 | 2:51 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
United Rentals' (NYSE:URI) chart shows a bearish 'death cross', indicating a potential downward trend for the stock. The stock is trading around $389.70.
The death cross is a technical indicator that occurs when the 50-day moving average moves below the 200-day moving average, signaling a potential downward trend for the stock. This bearish sign has appeared on United Rentals' chart, which could lead to a decline in the stock price in the short term. However, it's important to note that seasoned investors don't blindly trade death crosses and consider other factors like price levels and company fundamentals before making decisions.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100