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 08/02/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 403.66 USD

My targets

433.12 USD (+2.19%)

443.40 USD (+4.62%)

My analysis

The bullish trend is currently very strong on CINTAS CORP.. As long as the price remains above the support at 403.66 USD, you could try to benefit from the boom. The first bullish objective is located at 433.12 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 443.40 USD as an objective. Crossing it would then enable buyers to target 456.11 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

8.6

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.

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Additional analysis

Quotes

The CINTAS CORP. rating is 423.82 USD. The price registered a decrease of -0.03% on the session and was between 418.14 USD and 425.83 USD. This implies that the price is at +1.36% from its lowest and at -0.47% from its highest.

418.14

425.83

423.82

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 this Daily chart of CINTAS CORP. indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% 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.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent technical indicators.

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:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Bearish harami

Type : Bearish

Timeframe : Daily

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	363.50	403.66	420.11	423.82	433.12	443.40	456.11
Change (%)	-14.23%	-4.76%	-0.88%	-	+2.19%	+4.62%	+7.62%
Change	-60.32	-20.16	-3.71	-	+9.30	+19.58	+32.29
Level	Major	Intermediate	Intermediate	-	Intermediate	Minor	Major

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	417.29	418.93	421.43	423.07	425.57	427.21	429.71
Camarilla	422.79	423.17	423.55	423.93	424.31	424.69	425.07
Woodie	417.72	419.15	421.86	423.29	426.00	427.43	430.14
Fibonacci	418.93	420.51	421.49	423.07	424.65	425.63	427.21

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	370.80	382.18	403.84	415.22	436.88	448.26	469.92
Camarilla	416.40	419.43	422.46	425.49	428.52	431.55	434.58
Woodie	375.93	384.75	408.97	417.79	442.01	450.83	475.05
Fibonacci	382.18	394.81	402.60	415.22	427.85	435.64	448.26

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	320.83	342.21	383.85	405.23	446.87	468.25	509.89
Camarilla	408.16	413.94	419.71	425.49	431.27	437.04	442.82
Woodie	330.96	347.28	393.98	410.30	457.00	473.32	520.02
Fibonacci	342.21	366.28	381.16	405.23	429.30	444.18	468.25

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):	72.79
MACD (12,26,9):	11.6800
Directional Movement:	20.22
AROON (14):	85.71
DEMA (21):	413.15
Parabolic SAR (0,02-0,02-0,2):	408.71
Elder Ray (13):	15.46
Super Trend (3,10):	395.94
Zig ZAG (10):	423.42
VORTEX (21):	1.2300
Stochastique (14,3,5):	95.73
TEMA (21):	422.56
Williams %R (14):	-6.57
Chande Momentum Oscillator (20):	34.87
Repulse (5,40,3):	3.2100
ROCnROLL:	1
TRIX (15,9):	0.3000
Courbe Coppock:	18.14

MA7:	413.78
MA20:	395.21
MA50:	383.61
MA100:	391.77
MAexp7:	415.38
MAexp20:	399.77
MAexp50:	390.21
MAexp100:	390.04
Price / MA7:	+2.43%
Price / MA20:	+7.24%
Price / MA50:	+10.48%
Price / MA100:	+8.18%
Price / MAexp7:	+2.03%
Price / MAexp20:	+6.02%
Price / MAexp50:	+8.61%
Price / MAexp100:	+8.66%

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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