United Rentals Inc (URI)
United Rentals, Inc. (NYSE: URI) is the world's largest equipment rental company, with about 13 percent of the North American market share as of 2019.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 58.57% per annum.
- URI price at the close of March 3, 2026 was $833.47 and was lower than the bottom border of the primary price channel by $366.24 (30.53%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 18.22% per annum.
- URI price at the close of March 3, 2026 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of URI price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: April 22, 2022
End date: December 17, 2024
a = 4.9860
b = 0.0013
s = 0.1006
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0013) – 1
= 58.57%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1006) – 1
= 49.56%
April 22, 2022 calculations
Top border of price channel:
Exp(Y287)
= Exp(a + b × X287 + 2 × s)
= Exp(a + b × 414 + 2 × s)
= Exp(4.9860 + 0.0013 × 414 + 2 × 0.1006)
= Exp(5.7101)
= $301.91
Bottom border of price channel:
Exp(Y287)
= Exp(a + b × X287 – 2 × s)
= Exp(a + b × 414 – 2 × s)
= Exp(4.9860 + 0.0013 × 414 – 2 × 0.1006)
= Exp(5.3076)
= $201.87
December 17, 2024 calculations
Top border of price channel:
Exp(Y954)
= Exp(a + b × X954 + 2 × s)
= Exp(a + b × 1,384 + 2 × s)
= Exp(4.9860 + 0.0013 × 1,384 + 2 × 0.1006)
= Exp(6.9353)
= $1,027.94
Bottom border of price channel:
Exp(Y954)
= Exp(a + b × X954 – 2 × s)
= Exp(a + b × 1,384 – 2 × s)
= Exp(4.9860 + 0.0013 × 1,384 – 2 × 0.1006)
= Exp(6.5328)
= $687.33
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 58.57% per annum.
- URI price at the close of March 3, 2026 was $833.47 and was lower than the bottom border of the primary price channel by $366.24 (30.53%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: December 14, 2023
End date: March 3, 2026
a = 5.9502
b = 0.0005
s = 0.1088
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0005) – 1
= 18.22%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1088) – 1
= 54.50%
December 14, 2023 calculations
Top border of price channel:
Exp(Y701)
= Exp(a + b × X701 + 2 × s)
= Exp(a + b × 1,015 + 2 × s)
= Exp(5.9502 + 0.0005 × 1,015 + 2 × 0.1088)
= Exp(6.6332)
= $759.93
Bottom border of price channel:
Exp(Y701)
= Exp(a + b × X701 – 2 × s)
= Exp(a + b × 1,015 – 2 × s)
= Exp(5.9502 + 0.0005 × 1,015 – 2 × 0.1088)
= Exp(6.1982)
= $491.87
March 3, 2026 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(5.9502 + 0.0005 × 1,825 + 2 × 0.1088)
= Exp(7.0048)
= $1,101.86
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(5.9502 + 0.0005 × 1,825 – 2 × 0.1088)
= Exp(6.5697)
= $713.19
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 18.22% per annum.
- URI price at the close of March 3, 2026 was inside the secondary price channel.