CINTAS CORP.
CINTAS CORP.
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: CTAS
ISIN:

CINTAS CORP. - 1H - Technical analysis published on 11/08/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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: Strongly bullish
Underlying: Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 508.17 USD
My targets
536.58 USD (+2.07%)
552.20 USD (+5.04%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CINTAS CORP. as long as the price remains well above 508.17 USD. The buyers' bullish objective is set at 536.58 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 552.20 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CINTAS CORP. price is 525.71 USD. The price is lower by -0.11% since the last closing and was between 524.05 USD and 528.96 USD. This implies that the price is at +0.32% from its lowest and at -0.61% from its highest.

524.05
528.96
525.71

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


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. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Dark cloud cover

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 497.20 508.17 523.38 525.71
Change (%) -5.42% -3.34% -0.44% -
Change -28.51 -17.54 -2.33 -
Level Minor Minor Major -



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard507.56512.09519.17523.70530.78535.31542.39
Camarilla523.07524.13525.20526.26527.32528.39529.45
Woodie508.85512.73520.46524.34532.07535.95543.68
Fibonacci512.09516.52519.26523.70528.13530.87535.31


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard478.16487.22502.84511.90527.52536.58552.20
Camarilla511.66513.93516.19518.45520.71522.98525.24
Woodie481.43488.86506.11513.54530.79538.22555.47
Fibonacci487.22496.65502.48511.90521.33527.16536.58


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard435.52457.14482.13503.75528.74550.36575.35
Camarilla494.30498.58502.85507.12511.39515.67519.94
Woodie437.21457.98483.82504.59530.43551.20577.04
Fibonacci457.14474.95485.95503.75521.56532.56550.36

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 68.68
MACD (12,26,9): 3.5200
Directional Movement: 18.25
AROON (14): 71.43
DEMA (21): 527.41
Parabolic SAR (0,02-0,02-0,2): 522.10
Elder Ray (13): 1.61
Super Trend (3,10): 520.13
Zig ZAG (10): 525.45
VORTEX (21): 1.1400
Stochastique (14,3,5): 75.07
TEMA (21): 527.74
Williams %R (14): -27.85
Chande Momentum Oscillator (20): 6.59
Repulse (5,40,3): -0.2500
ROCnROLL: 1
TRIX (15,9): 0.1000
Courbe Coppock: 3.15
MA7: 516.61
MA20: 509.44
MA50: 503.65
MA100: 498.48
MAexp7: 525.72
MAexp20: 522.61
MAexp50: 516.51
MAexp100: 511.66
Price / MA7: +1.76%
Price / MA20: +3.19%
Price / MA50: +4.38%
Price / MA100: +5.46%
Price / MAexp7: +0.00%
Price / MAexp20: +0.59%
Price / MAexp50: +1.78%
Price / MAexp100: +2.75%

Quotes : - 15 min delayed data - NASDAQ Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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