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
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
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.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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:
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:
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:
Dark cloud cover
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 507.56 | 512.09 | 519.17 | 523.70 | 530.78 | 535.31 | 542.39 |
| Camarilla | 523.07 | 524.13 | 525.20 | 526.26 | 527.32 | 528.39 | 529.45 |
| Woodie | 508.85 | 512.73 | 520.46 | 524.34 | 532.07 | 535.95 | 543.68 |
| Fibonacci | 512.09 | 516.52 | 519.26 | 523.70 | 528.13 | 530.87 | 535.31 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 478.16 | 487.22 | 502.84 | 511.90 | 527.52 | 536.58 | 552.20 |
| Camarilla | 511.66 | 513.93 | 516.19 | 518.45 | 520.71 | 522.98 | 525.24 |
| Woodie | 481.43 | 488.86 | 506.11 | 513.54 | 530.79 | 538.22 | 555.47 |
| Fibonacci | 487.22 | 496.65 | 502.48 | 511.90 | 521.33 | 527.16 | 536.58 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 435.52 | 457.14 | 482.13 | 503.75 | 528.74 | 550.36 | 575.35 |
| Camarilla | 494.30 | 498.58 | 502.85 | 507.12 | 511.39 | 515.67 | 519.94 |
| Woodie | 437.21 | 457.98 | 483.82 | 504.59 | 530.43 | 551.20 | 577.04 |
| Fibonacci | 457.14 | 474.95 | 485.95 | 503.75 | 521.56 | 532.56 | 550.36 |
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 :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on CINTAS CORP.. At the time of publication of this analysis, the latest news was as follows:
- Four Deaf Cintas Employee-Partners Find Success in Union, N.J. Rental Location
- Cintas Spotlight: Akuma N.
- Cintas Employee-Partner Spotlight: Julian E.
- Cintas Celebrates National Disability Employment Awareness Month
- TODOS Inspires, Engages and Promotes Cintas’ Hispanic and Latin Communities
This 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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