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 04/17/2024 (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: Strongly bearish
Technical indicators
28%
28%
44%
My opinion
Bearish under 678.76 USD
My targets
644.79 USD (-3.21%)
632.11 USD (-5.12%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CINTAS CORP. as long as the price remains well below 678.76 USD. The sellers' bearish objective is set at 644.79 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 632.11 USD. In case of crossing, the next objective would be the support located at 623.03 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.4

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 666.19 USD. The price registered a decrease of -0.06% on the session with the lowest point at 665.80 USD and the highest point at 676.24 USD. The deviation from the price is +0.06% for the low point and -1.49% for the high point.

665.80
676.24
666.19

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Central Gaps

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:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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


Technical analysis of this 1H chart of CINTAS CORP. indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour


Near support of triangle

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 632.11 644.79 663.30 666.19 678.76 687.03 704.84
Change (%) -5.12% -3.21% -0.43% - +1.89% +3.13% +5.80%
Change -34.08 -21.40 -2.89 - +12.57 +20.84 +38.65
Level Major Minor Minor - Intermediate Major 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
Standard658.61661.56664.06667.01669.51672.46674.96
Camarilla665.06665.56666.06666.56667.06667.56668.06
Woodie658.39661.45663.84666.90669.29672.35674.74
Fibonacci661.56663.64664.93667.01669.09670.38672.46


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard645.60655.66662.03672.09678.46688.52694.89
Camarilla663.89665.40666.90668.41669.92671.42672.93
Woodie643.77654.74660.20671.17676.63687.60693.06
Fibonacci655.66661.93665.81672.09678.36682.24688.52


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard545.93581.28634.15669.50722.37757.72810.59
Camarilla662.77670.86678.94687.03695.12703.20711.29
Woodie554.70585.66642.92673.88731.14762.10819.36
Fibonacci581.28614.98635.80669.50703.20724.02757.72

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): 45.78
MACD (12,26,9): -0.6000
Directional Movement: 3.35
AROON (14): 64.28
DEMA (21): 667.61
Parabolic SAR (0,02-0,02-0,2): 662.87
Elder Ray (13): -1.19
Super Trend (3,10): 675.76
Zig ZAG (10): 665.89
VORTEX (21): 0.9000
Stochastique (14,3,5): 41.80
TEMA (21): 667.88
Williams %R (14): -72.84
Chande Momentum Oscillator (20): 2.21
Repulse (5,40,3): -1.0400
ROCnROLL: 2
TRIX (15,9): -0.0200
Courbe Coppock: 0.22
MA7: 669.34
MA20: 664.74
MA50: 639.82
MA100: 609.69
MAexp7: 668.12
MAexp20: 668.63
MAexp50: 669.72
MAexp100: 666.94
Price / MA7: -0.47%
Price / MA20: +0.22%
Price / MA50: +4.12%
Price / MA100: +9.27%
Price / MAexp7: -0.29%
Price / MAexp20: -0.36%
Price / MAexp50: -0.53%
Price / MAexp100: -0.11%

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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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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