CINTAS CORP. - 1H - Technical analysis published on 01/08/2024 (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 bearish
Underlying:
Bearish
Technical indicators
22%
33%
44%
My opinion
Bearish under 587.40 USD
My targets
559.37 USD (-3.08%)
553.76 USD (-4.05%)
My analysis
CINTAS CORP. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 587.40 USD. The next support located at 559.37 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 553.76 USD. Below this support, sellers could then target 547.60 USD.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.6
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:
Additional analysis
Quotes
CINTAS CORP. rating 577.12 USD. On the day, this instrument lost -0.02% with the lowest point at 576.67 USD and the highest point at 581.48 USD. The deviation from the price is +0.08% for the low point and -0.75% for the high point.576.67
581.48
577.12
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
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:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CINTAS CORP. chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 8 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 553.76 | 559.37 | 576.58 | 577.12 | 587.40 | 601.06 | 606.21 |
| Change (%) | -4.05% | -3.08% | -0.09% | - | +1.78% | +4.15% | +5.04% |
| Change | -23.36 | -17.75 | -0.54 | - | +10.28 | +23.94 | +29.09 |
| Level | Major | Intermediate | Minor | - | 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 | 563.13 | 568.84 | 573.05 | 578.76 | 582.97 | 588.68 | 592.89 |
| Camarilla | 574.53 | 575.44 | 576.35 | 577.26 | 578.17 | 579.08 | 579.99 |
| Woodie | 562.38 | 568.47 | 572.30 | 578.39 | 582.22 | 588.31 | 592.14 |
| Fibonacci | 568.84 | 572.63 | 574.97 | 578.76 | 582.55 | 584.89 | 588.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 537.66 | 556.11 | 566.68 | 585.13 | 595.70 | 614.15 | 624.72 |
| Camarilla | 569.28 | 571.94 | 574.60 | 577.26 | 579.92 | 582.58 | 585.24 |
| Woodie | 533.73 | 554.14 | 562.75 | 583.16 | 591.77 | 612.18 | 620.79 |
| Fibonacci | 556.11 | 567.19 | 574.04 | 585.13 | 596.21 | 603.06 | 614.15 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 503.85 | 525.67 | 564.16 | 585.98 | 624.47 | 646.29 | 684.78 |
| Camarilla | 586.08 | 591.60 | 597.13 | 602.66 | 608.19 | 613.72 | 619.25 |
| Woodie | 512.20 | 529.84 | 572.51 | 590.15 | 632.82 | 650.46 | 693.13 |
| Fibonacci | 525.67 | 548.71 | 562.94 | 585.98 | 609.02 | 623.25 | 646.29 |
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): | 37.11 | |
| MACD (12,26,9): | -3.8600 | |
| Directional Movement: | -13.75 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 576.81 | |
| Parabolic SAR (0,02-0,02-0,2): | 581.52 | |
| Elder Ray (13): | -0.61 | |
| Super Trend (3,10): | 584.56 | |
| Zig ZAG (10): | 577.25 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 29.09 | |
| TEMA (21): | 575.13 | |
| Williams %R (14): | -82.65 | |
| Chande Momentum Oscillator (20): | -9.08 | |
| Repulse (5,40,3): | -0.7800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 2.40 |
| MA7: | 587.58 | |
| MA20: | 577.82 | |
| MA50: | 552.81 | |
| MA100: | 525.53 | |
| MAexp7: | 578.42 | |
| MAexp20: | 582.02 | |
| MAexp50: | 586.22 | |
| MAexp100: | 582.97 | |
| Price / MA7: | -1.78% | |
| Price / MA20: | -0.12% | |
| Price / MA50: | +4.40% | |
| Price / MA100: | +9.82% | |
| Price / MAexp7: | -0.22% | |
| Price / MAexp20: | -0.84% | |
| Price / MAexp50: | -1.55% | |
| Price / MAexp100: | -1.00% |
Quotes :
-
15 min delayed data
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NASDAQ Stocks
News
The last news published on CINTAS CORP. at the time of the generation of this analysis was as follows:
- Cintas Corporation Named One of Newsweek's 2024 America's Most Responsible Companies
- Cintas Corporation Earns 2024 Military Friendly(R) Employer Designation
- Cintas Opens New Cleanroom Facility in Milwaukee Area
- Four Deaf Cintas Employee-Partners Find Success in Union, N.J. Rental Location
- Cintas Spotlight: Akuma N.
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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