CINTAS CORP. - 1H - Technical analysis published on 07/18/2024 (GMT)
- 164
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : WITHOUT TARGET
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
89%
0%
11%
My opinion
Bullish above 727.04 USD
My targets
-
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 727.04 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
8.9
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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. rating is 758.36 USD. The price has increased by +5.36% since the last closing and was between 741.67 USD and 773.78 USD. This implies that the price is at +2.25% from its lowest and at -1.99% from its highest.741.67
773.78
758.36
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
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
Technical analysis of this 1H chart of CINTAS CORP. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 713.67 | 720.03 | 727.04 | 758.36 |
| Change (%) | -5.89% | -5.05% | -4.13% | - |
| Change | -44.69 | -38.33 | -31.32 | - |
| Level | Intermediate | Intermediate | 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 | 710.29 | 714.87 | 717.33 | 721.91 | 724.37 | 728.95 | 731.41 |
| Camarilla | 717.84 | 718.49 | 719.14 | 719.78 | 720.43 | 721.07 | 721.72 |
| Woodie | 709.22 | 714.34 | 716.26 | 721.38 | 723.30 | 728.42 | 730.34 |
| Fibonacci | 714.87 | 717.56 | 719.22 | 721.91 | 724.60 | 726.26 | 728.95 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 690.54 | 698.47 | 710.12 | 718.05 | 729.70 | 737.63 | 749.28 |
| Camarilla | 716.38 | 718.17 | 719.97 | 721.76 | 723.56 | 725.35 | 727.15 |
| Woodie | 692.39 | 699.40 | 711.97 | 718.98 | 731.55 | 738.56 | 751.13 |
| Fibonacci | 698.47 | 705.95 | 710.57 | 718.05 | 725.53 | 730.15 | 737.63 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 76.04 | |
| MACD (12,26,9): | 7.7700 | |
| Directional Movement: | 41.31 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 739.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 722.72 | |
| Elder Ray (13): | 26.48 | |
| Super Trend (3,10): | 733.28 | |
| Zig ZAG (10): | 760.75 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 74.28 | |
| TEMA (21): | 745.35 | |
| Williams %R (14): | -23.06 | |
| Chande Momentum Oscillator (20): | 37.78 | |
| Repulse (5,40,3): | 0.0900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 5.36 |
| MA7: | 724.92 | |
| MA20: | 713.48 | |
| MA50: | 698.65 | |
| MA100: | 674.94 | |
| MAexp7: | 743.77 | |
| MAexp20: | 731.15 | |
| MAexp50: | 722.84 | |
| MAexp100: | 715.83 | |
| Price / MA7: | +4.61% | |
| Price / MA20: | +6.29% | |
| Price / MA50: | +8.55% | |
| Price / MA100: | +12.36% | |
| Price / MAexp7: | +1.96% | |
| Price / MAexp20: | +3.72% | |
| Price / MAexp50: | +4.91% | |
| Price / MAexp100: | +5.94% |
Quotes :
-
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
Online
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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