CINTAS CORP. - Daily - Technical analysis published on 07/25/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 380.86 USD
My targets
403.59 USD (+1.76%)
420.11 USD (+5.92%)
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 380.86 USD. The next resistance located at 403.59 USD is the next bullish target 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 420.11 USD. After this resistance, buyers could then target 433.12 USD.
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
7.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CINTAS CORP. rating 396.62 USD. The price is lower by -0.03% since the last closing with the lowest point at 394.83 USD and the highest point at 397.99 USD. The deviation from the price is +0.45% for the low point and -0.34% for the high point.394.83
397.99
396.62
A study of price movements over other periods shows the following variations:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of CINTAS CORP. indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by 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 : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : Daily
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 | 347.35 | 363.50 | 380.86 | 396.62 | 403.59 | 420.11 | 433.12 |
| Change (%) | -12.42% | -8.35% | -3.97% | - | +1.76% | +5.92% | +9.20% |
| Change | -49.27 | -33.12 | -15.76 | - | +6.97 | +23.49 | +36.50 |
| Level | Intermediate | Major | Major | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 384.30 | 389.29 | 393.01 | 398.00 | 401.72 | 406.71 | 410.43 |
| Camarilla | 394.34 | 395.13 | 395.93 | 396.73 | 397.53 | 398.33 | 399.13 |
| Woodie | 383.67 | 388.97 | 392.38 | 397.68 | 401.09 | 406.39 | 409.80 |
| Fibonacci | 389.29 | 392.62 | 394.67 | 398.00 | 401.33 | 403.38 | 406.71 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 357.17 | 367.58 | 382.16 | 392.57 | 407.15 | 417.56 | 432.14 |
| Camarilla | 389.86 | 392.15 | 394.44 | 396.73 | 399.02 | 401.31 | 403.60 |
| Woodie | 359.25 | 368.62 | 384.24 | 393.61 | 409.23 | 418.60 | 434.22 |
| Fibonacci | 367.58 | 377.13 | 383.03 | 392.57 | 402.12 | 408.02 | 417.56 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 281.45 | 312.66 | 343.09 | 374.30 | 404.73 | 435.94 | 466.37 |
| Camarilla | 356.58 | 362.23 | 367.88 | 373.53 | 379.18 | 384.83 | 390.48 |
| Woodie | 281.07 | 312.47 | 342.71 | 374.11 | 404.35 | 435.75 | 465.99 |
| Fibonacci | 312.66 | 336.20 | 350.75 | 374.30 | 397.84 | 412.39 | 435.94 |
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): | 60.32 | |
| MACD (12,26,9): | 5.0500 | |
| Directional Movement: | 7.25 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 389.99 | |
| Parabolic SAR (0,02-0,02-0,2): | 384.79 | |
| Elder Ray (13): | 8.73 | |
| Super Trend (3,10): | 370.47 | |
| Zig ZAG (10): | 395.44 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 87.95 | |
| TEMA (21): | 395.80 | |
| Williams %R (14): | -20.22 | |
| Chande Momentum Oscillator (20): | 14.55 | |
| Repulse (5,40,3): | -0.4300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 8.35 |
| MA7: | 391.16 | |
| MA20: | 382.63 | |
| MA50: | 377.96 | |
| MA100: | 389.21 | |
| MAexp7: | 391.96 | |
| MAexp20: | 384.63 | |
| MAexp50: | 382.84 | |
| MAexp100: | 386.64 | |
| Price / MA7: | +1.40% | |
| Price / MA20: | +3.66% | |
| Price / MA50: | +4.94% | |
| Price / MA100: | +1.90% | |
| Price / MAexp7: | +1.19% | |
| Price / MAexp20: | +3.12% | |
| Price / MAexp50: | +3.60% | |
| Price / MAexp100: | +2.58% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
CintasThis 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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