CINTAS CORP. - 1H - Technical analysis published on 07/08/2024 (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
67%
0%
33%
My opinion
Bullish above 701.79 USD
My targets
714.86 USD (+0.52%)
719.98 USD (+1.24%)
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 701.79 USD. The buyers' bullish objective is set at 714.86 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 719.98 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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Additional analysis
Quotes
The CINTAS CORP. rating is 711.19 USD. The price registered a decrease of -0.07% on the session and was traded between 706.41 USD and 714.62 USD over the period. The price is currently at +0.68% from its lowest and -0.48% from its highest.706.41
714.62
711.19
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
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
Technical analysis of CINTAS CORP. in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 677.84 | 688.99 | 701.79 | 711.19 | 714.86 | 719.98 |
| Change (%) | -4.69% | -3.12% | -1.32% | - | +0.52% | +1.24% |
| Change | -33.35 | -22.20 | -9.40 | - | +3.67 | +8.79 |
| Level | Minor | Major | Major | - | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 686.88 | 692.33 | 702.02 | 707.47 | 717.16 | 722.61 | 732.30 |
| Camarilla | 707.56 | 708.94 | 710.33 | 711.72 | 713.11 | 714.50 | 715.88 |
| Woodie | 689.01 | 693.39 | 704.15 | 708.53 | 719.29 | 723.67 | 734.43 |
| Fibonacci | 692.33 | 698.11 | 701.68 | 707.47 | 713.25 | 716.82 | 722.61 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 671.95 | 680.38 | 696.05 | 704.48 | 720.15 | 728.58 | 744.25 |
| Camarilla | 705.09 | 707.30 | 709.51 | 711.72 | 713.93 | 716.14 | 718.35 |
| Woodie | 675.57 | 682.19 | 699.67 | 706.29 | 723.77 | 730.39 | 747.87 |
| Fibonacci | 680.38 | 689.59 | 695.27 | 704.48 | 713.69 | 719.37 | 728.58 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 624.92 | 647.87 | 674.07 | 697.02 | 723.22 | 746.17 | 772.37 |
| Camarilla | 686.74 | 691.25 | 695.76 | 700.26 | 704.77 | 709.27 | 713.78 |
| Woodie | 626.54 | 648.68 | 675.69 | 697.83 | 724.84 | 746.98 | 773.99 |
| Fibonacci | 647.87 | 666.65 | 678.25 | 697.02 | 715.80 | 727.40 | 746.17 |
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): | 60.76 | |
| MACD (12,26,9): | 2.1200 | |
| Directional Movement: | 5.90 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 709.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 708.18 | |
| Elder Ray (13): | 2.39 | |
| Super Trend (3,10): | 702.71 | |
| Zig ZAG (10): | 710.72 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 76.25 | |
| TEMA (21): | 711.70 | |
| Williams %R (14): | -22.36 | |
| Chande Momentum Oscillator (20): | 10.93 | |
| Repulse (5,40,3): | 0.1300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 2.21 |
| MA7: | 705.09 | |
| MA20: | 701.81 | |
| MA50: | 689.56 | |
| MA100: | 666.46 | |
| MAexp7: | 709.82 | |
| MAexp20: | 707.31 | |
| MAexp50: | 705.51 | |
| MAexp100: | 703.16 | |
| Price / MA7: | +0.87% | |
| Price / MA20: | +1.34% | |
| Price / MA50: | +3.14% | |
| Price / MA100: | +6.71% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | +0.55% | |
| Price / MAexp50: | +0.81% | |
| Price / MAexp100: | +1.14% |
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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