CINTAS CORP.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	CTAS
ISIN:

CINTAS CORP. - 1H - Technical analysis published on 12/05/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

67%

33%

My opinion

Bullish above 220.30 USD

My targets

225.55 USD (+0.97%)

My analysis

All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on CINTAS CORP. as long as the price remains well above 220.30 USD. The buyers' bullish objective is set at 225.55 USD. A bullish break in this resistance would boost the bullish momentum. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

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

5.7

Comment on the analysis

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:

Additional analysis

Quotes

The CINTAS CORP. price is 223.38 USD. On the day, this instrument lost -0.10% and was traded between 221.64 USD and 224.53 USD over the period. The price is currently at +0.79% from its lowest and -0.51% from its highest.

221.64

224.53

223.38

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

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 CINTAS CORP. in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals 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 are moderate given the direction of the technical indicators.
The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

Price

	S3	S2	S1	Price	R1
ProTrendLines	209.46	215.20	220.30	223.38	225.55
Change (%)	-6.23%	-3.66%	-1.38%	-	+0.97%
Change	-13.92	-8.18	-3.08	-	+2.17
Level	Minor	Major	Intermediate	-	Major

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	219.85	220.85	222.23	223.23	224.61	225.61	226.99
Camarilla	222.95	223.16	223.38	223.60	223.82	224.04	224.26
Woodie	220.03	220.95	222.41	223.33	224.79	225.71	227.17
Fibonacci	220.85	221.76	222.32	223.23	224.14	224.70	225.61

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	215.53	218.52	222.15	225.14	228.77	231.76	235.39
Camarilla	223.97	224.58	225.18	225.79	226.40	227.00	227.61
Woodie	215.86	218.68	222.48	225.30	229.10	231.92	235.72
Fibonacci	218.52	221.05	222.61	225.14	227.67	229.23	231.76

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	187.22	195.86	210.83	219.47	234.44	243.08	258.05
Camarilla	219.30	221.46	223.63	225.79	227.95	230.12	232.28
Woodie	190.38	197.44	213.99	221.05	237.60	244.66	261.21
Fibonacci	195.86	204.88	210.45	219.47	228.49	234.06	243.08

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):	54.28
MACD (12,26,9):	-0.0300
Directional Movement:	3.06
AROON (14):	92.86
DEMA (21):	223.02
Parabolic SAR (0,02-0,02-0,2):	220.94
Elder Ray (13):	0.45
Super Trend (3,10):	225.62
Zig ZAG (10):	223.53
VORTEX (21):	1.0300
Stochastique (14,3,5):	71.41
TEMA (21):	222.92
Williams %R (14):	-32.21
Chande Momentum Oscillator (20):	1.49
Repulse (5,40,3):	0.4400
ROCnROLL:	1
TRIX (15,9):	-0.0200
Courbe Coppock:	0.80

MA7:	224.10
MA20:	221.82
MA50:	213.53
MA100:	204.29
MAexp7:	223.24
MAexp20:	223.12
MAexp50:	222.91
MAexp100:	221.56
Price / MA7:	-0.32%
Price / MA20:	+0.70%
Price / MA50:	+4.61%
Price / MA100:	+9.34%
Price / MAexp7:	+0.06%
Price / MAexp20:	+0.12%
Price / MAexp50:	+0.21%
Price / MAexp100:	+0.82%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

Don't forget to follow the news on CINTAS CORP.. At the time of publication of this analysis, the latest news was as follows:

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

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