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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. - Daily - Technical analysis published on 10/18/2024 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 207.77 USD
My targets
220.91 USD (+3.33%)
230.24 USD (+7.70%)
My analysis
CINTAS CORP. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 207.77 USD. The next resistance located at 220.91 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 230.24 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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
8.6

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.

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15 min. 1H Weekly

Additional analysis

Quotes

The CINTAS CORP. price is 213.79 USD. The price is lower by -0.01% since the last closing and was between 213.07 USD and 214.20 USD. This implies that the price is at +0.34% from its lowest and at -0.19% from its highest.

213.07
214.20
213.79

Here is a more detailed summary of the historical variations registered by CINTAS CORP.:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 CINTAS CORP. in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Price is back over the pivot point

Type : Bullish

Timeframe : Daily



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

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : Daily


Near horizontal support

Type : Bullish

Timeframe : Daily



For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 171.13 195.48 207.77 213.79
Change (%) -19.95% -8.56% -2.82% -
Change -42.66 -18.31 -6.02 -
Level Intermediate Minor Major -



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard210.00211.39212.60213.99215.20216.59217.80
Camarilla213.11213.34213.58213.82214.06214.30214.54
Woodie209.92211.35212.52213.95215.12216.55217.72
Fibonacci211.39212.38212.99213.99214.98215.59216.59


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard197.62200.21204.13206.72210.64213.23217.15
Camarilla206.26206.86207.45208.05208.65209.24209.84
Woodie198.29200.54204.80207.05211.31213.56217.82
Fibonacci200.21202.70204.23206.72209.21210.74213.23


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard179.69187.21196.54204.06213.39220.91230.24
Camarilla201.25202.79204.34205.88207.43208.97210.51
Woodie180.61187.66197.46204.51214.31221.36231.16
Fibonacci187.21193.64197.62204.06210.49214.47220.91

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): 66.19
MACD (12,26,9): 3.1000
Directional Movement: 18.95
AROON (14): 85.72
DEMA (21): 211.96
Parabolic SAR (0,02-0,02-0,2): 204.40
Elder Ray (13): 4.07
Super Trend (3,10): 204.55
Zig ZAG (10): 213.61
VORTEX (21): 1.1100
Stochastique (14,3,5): 90.24
TEMA (21): 212.31
Williams %R (14): -13.34
Chande Momentum Oscillator (20): 8.31
Repulse (5,40,3): 0.2500
ROCnROLL: 1
TRIX (15,9): 0.1800
Courbe Coppock: 6.20
MA7: 210.97
MA20: 207.36
MA50: 202.03
MA100: 190.58
MAexp7: 211.45
MAexp20: 207.97
MAexp50: 201.83
MAexp100: 192.43
Price / MA7: +1.34%
Price / MA20: +3.10%
Price / MA50: +5.82%
Price / MA100: +12.18%
Price / MAexp7: +1.11%
Price / MAexp20: +2.80%
Price / MAexp50: +5.93%
Price / MAexp100: +11.10%

Quotes : - 15 min delayed data - NASDAQ Stocks

News


The latest news and videos published on CINTAS CORP. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
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