URI – United Rentals Inc.

A pick and shovels play on the AI and re-shoring theme.

URI – United Rentals Inc.

Date: 9 June 2026

Sector: Finance / Rentals / Leasing

Exchange: New York Stock Exchange

TradingView link: 1M candles & 1D candles

Opening/macro/sector context

A couple of key themes I have been thinking about over the last few weeks is the gap between sector price action and the narratives pushed by the media.

For example, transportation stocks have continued to break out to all-time highs, suggesting that goods are still being shipped across the country. Hotels have also been breaking out to all-time highs, alongside the BEDZ ETF, which tracks the hotel sector specifically.

United Rentals is interested in a similar way.

The company provides rental and leasing contracts for capital equipment. So if a company is working on a large project and needs machinery but does not want to lay out all the capital upfront, it can use a company like United Rentals to rent the equipment on a short- or long-term basis.

This could overlap nicely with the AI, data centre and reshoring themes.

If large numbers of data centres, factories, energy projects, and infrastructure projects are being built out, not every company will have all the machinery and equipment it needs already on the balance sheet.

Instead, they may need to rent the equipment needed to get those projects up and running.

That could be one reason why a stock like United Rentals is being re-rated higher.

Long-term structure

United Rentals first floated in 1998 at around $11.

After that, the stock stayed in a long sideways trend, marked out by the first pink box.

During that period, the price was capped at around $48 on the upside and roughly $2 on the downside.

Once URI broke out of that long sideways range, it moved rapidly up to around $114.

However, the stock then stalled again, as marked by the second pink box.

After that, the monthly timeframe shows a much more consistent pattern of higher highs and higher lows.

There has only really been one notable break in structure. Price ripped lower, but importantly, it never closed below the key structural level. I have marked this area with a circle on the chart.

After that false structural break, buyers stepped back in, and URI continued to form higher highs and higher lows.

The stock now appears to be in the up-leg of another higher high.

Lower timeframe / recent structure

On the 4-hour timeframe, we can see a clear U-shaped structure.

URI tried to break through the $1,020 level back on 16 October 2025, but failed.

After that, the stock entered a long sideways period that continued until it finally broke out above that level on Wednesday, 3 June 2026.

That whole area is marked out by the pink box.

In terms of entering this trade, I am quite prepared to enter, but I would ideally like to see a better 4-hour setup first.

The stock has seen very limited consolidation over the last three days.

But we have 3 daily closes above that last breakout level.

A clean 4-hour pullback would be ideal.

Failing that, a retest of the previous resistance around $1,020 would also be useful. If that level now acts as support, it would strengthen the case for entry.

Entry trigger:

A clean 4-hour pullback and turn back up.

OR

A retest of the previous resistance around $1,020, with that level then acting as support.

Initial stop loss:

Last 4-hour swing low.

Multi-timeframe correlation:

3M: Blue candle, having just been grey

1M: Blue candle

1W: Blue candle

1D: Blue candle

4H: Blue candle

When should I tighten the stop-loss?

Tighten the stop-loss each time URI forms a new clear 4-hour swing low while the stock continues to move higher.

When do I add to the position?

Add to the position on a fresh 4-hour pullback, provided structure remains intact and price continues to hold above the breakout area.

Potential target range:

$1,149

Activated price targets:

1

Am I in this trade?

No

Current R multiple:

0R