CINTAS CORP. - 1H - Technical analysis published on 07/14/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
39%
28%
33%
My opinion
Bullish above 375.79 USD
My targets
383.97 USD (+0.90%)
389.56 USD (+2.37%)
My analysis
The basic bullish trend is very strong on CINTAS CORP. but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 375.79 USD. Crossing the first resistance at 383.97 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 389.56 USD as an objective. Crossing it would then enable buyers to target 394.62 USD. Caution, a return to below 375.79 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5.7
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Additional analysis
Quotes
The CINTAS CORP. rating is 380.55 USD. On the day, this instrument gained +0.79% and was between 373.53 USD and 390.57 USD. This implies that the price is at +1.88% from its lowest and at -2.57% from its highest.373.53
390.57
380.55
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CINTAS CORP. chart shows a strongly bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 6 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 354.34 | 363.50 | 375.79 | 380.55 | 383.97 | 389.56 | 394.62 |
| Change (%) | -6.89% | -4.48% | -1.25% | - | +0.90% | +2.37% | +3.70% |
| Change | -26.21 | -17.05 | -4.76 | - | +3.42 | +9.01 | +14.07 |
| Level | Minor | Major | Intermediate | - | Major | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 353.86 | 359.76 | 368.66 | 374.56 | 383.46 | 389.36 | 398.26 |
| Camarilla | 373.50 | 374.86 | 376.21 | 377.57 | 378.93 | 380.28 | 381.64 |
| Woodie | 355.37 | 360.51 | 370.17 | 375.31 | 384.97 | 390.11 | 399.77 |
| Fibonacci | 359.76 | 365.41 | 368.90 | 374.56 | 380.21 | 383.70 | 389.36 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 349.96 | 356.78 | 368.92 | 375.74 | 387.88 | 394.70 | 406.84 |
| Camarilla | 375.86 | 377.59 | 379.33 | 381.07 | 382.81 | 384.55 | 386.28 |
| Woodie | 352.63 | 358.11 | 371.59 | 377.07 | 390.55 | 396.03 | 409.51 |
| Fibonacci | 356.78 | 364.02 | 368.49 | 375.74 | 382.98 | 387.45 | 394.70 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 281.45 | 312.66 | 343.09 | 374.30 | 404.73 | 435.94 | 466.37 |
| Camarilla | 356.58 | 362.23 | 367.88 | 373.53 | 379.18 | 384.83 | 390.48 |
| Woodie | 281.07 | 312.47 | 342.71 | 374.11 | 404.35 | 435.75 | 465.99 |
| Fibonacci | 312.66 | 336.20 | 350.75 | 374.30 | 397.84 | 412.39 | 435.94 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 51.18 | |
| MACD (12,26,9): | -0.3600 | |
| Directional Movement: | 4.17 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 378.96 | |
| Parabolic SAR (0,02-0,02-0,2): | 366.64 | |
| Elder Ray (13): | -0.81 | |
| Super Trend (3,10): | 380.26 | |
| Zig ZAG (10): | 379.82 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 51.33 | |
| TEMA (21): | 377.85 | |
| Williams %R (14): | -44.54 | |
| Chande Momentum Oscillator (20): | -2.36 | |
| Repulse (5,40,3): | -0.7700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 2.21 |
| MA7: | 379.65 | |
| MA20: | 371.08 | |
| MA50: | 376.62 | |
| MA100: | 387.73 | |
| MAexp7: | 378.64 | |
| MAexp20: | 379.24 | |
| MAexp50: | 378.41 | |
| MAexp100: | 376.24 | |
| Price / MA7: | +0.24% | |
| Price / MA20: | +2.55% | |
| Price / MA50: | +1.04% | |
| Price / MA100: | -1.85% | |
| Price / MAexp7: | +0.50% | |
| Price / MAexp20: | +0.35% | |
| Price / MAexp50: | +0.57% | |
| Price / MAexp100: | +1.15% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
CintasThis member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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