CINTAS CORP. - 1H - Technical analysis published on 06/14/2024 (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:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 685.69 USD
My targets
694.60 USD (+0.53%)
701.61 USD (+1.55%)
My analysis
The bullish trend is currently very strong on CINTAS CORP.. As long as the price remains above the support at 685.69 USD, you could try to benefit from the boom. The first bullish objective is located at 694.60 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 701.61 USD as an objective. Crossing it would then enable buyers to target 705.74 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.7
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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 690.93 USD. The price is lower by -0.15% since the last closing with the lowest point at 685.03 USD and the highest point at 691.22 USD. The deviation from the price is +0.86% for the low point and -0.04% for the high point.685.03
691.22
690.93
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 LOW record (1 month)
Type : Bearish
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.
In fact, 11 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 670.83 | 677.84 | 685.69 | 690.93 | 694.60 | 701.61 | 705.74 |
| Change (%) | -2.91% | -1.89% | -0.76% | - | +0.53% | +1.55% | +2.14% |
| Change | -20.10 | -13.09 | -5.24 | - | +3.67 | +10.68 | +14.81 |
| Level | Minor | Intermediate | Major | - | Major | Minor | 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 | 676.41 | 680.07 | 686.01 | 689.67 | 695.61 | 699.27 | 705.21 |
| Camarilla | 689.32 | 690.20 | 691.08 | 691.96 | 692.84 | 693.72 | 694.60 |
| Woodie | 677.56 | 680.64 | 687.16 | 690.24 | 696.76 | 699.84 | 706.36 |
| Fibonacci | 680.07 | 683.73 | 686.00 | 689.67 | 693.33 | 695.60 | 699.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 653.94 | 662.38 | 672.28 | 680.72 | 690.62 | 699.06 | 708.96 |
| Camarilla | 677.13 | 678.81 | 680.49 | 682.17 | 683.85 | 685.53 | 687.21 |
| Woodie | 654.66 | 662.75 | 673.00 | 681.09 | 691.34 | 699.43 | 709.68 |
| Fibonacci | 662.38 | 669.39 | 673.72 | 680.72 | 687.73 | 692.06 | 699.06 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 589.96 | 618.67 | 648.32 | 677.03 | 706.68 | 735.39 | 765.04 |
| Camarilla | 661.92 | 667.27 | 672.62 | 677.97 | 683.32 | 688.67 | 694.02 |
| Woodie | 590.43 | 618.91 | 648.79 | 677.27 | 707.15 | 735.63 | 765.51 |
| Fibonacci | 618.67 | 640.96 | 654.74 | 677.03 | 699.32 | 713.10 | 735.39 |
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): | 56.28 | |
| MACD (12,26,9): | 1.1500 | |
| Directional Movement: | 3.72 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 690.06 | |
| Parabolic SAR (0,02-0,02-0,2): | 684.28 | |
| Elder Ray (13): | 1.58 | |
| Super Trend (3,10): | 695.07 | |
| Zig ZAG (10): | 690.73 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 50.39 | |
| TEMA (21): | 689.73 | |
| Williams %R (14): | -34.03 | |
| Chande Momentum Oscillator (20): | -3.08 | |
| Repulse (5,40,3): | 0.8700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.30 |
| MA7: | 687.30 | |
| MA20: | 685.25 | |
| MA50: | 678.21 | |
| MA100: | 652.53 | |
| MAexp7: | 689.41 | |
| MAexp20: | 688.41 | |
| MAexp50: | 685.84 | |
| MAexp100: | 683.82 | |
| Price / MA7: | +0.53% | |
| Price / MA20: | +0.83% | |
| Price / MA50: | +1.88% | |
| Price / MA100: | +5.88% | |
| Price / MAexp7: | +0.22% | |
| Price / MAexp20: | +0.37% | |
| Price / MAexp50: | +0.74% | |
| Price / MAexp100: | +1.04% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on CINTAS CORP. at the time of the analysis were as follows:
- IMPACT Supports, Advances and Strengthens Cintas’ LGBTQ+ Employee-Partners
- Cultivating the Next Generation of Cintas' Leadership
- Cintas Recognized as One of America’s Best Employers for New Graduates by Forbes
- LEAD Empowers, Inspires and Helps Guide Cintas' Asian Pacific Islander Employee-Partners
- Forbes Recognizes Cintas as One of the Best Employers for Diversity 2024
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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