CINTAS CORP. - 1H - Technical analysis published on 08/04/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
6%
56%
My opinion
Bullish above 420.11 USD
My targets
433.12 USD (+1.68%)
443.40 USD (+4.09%)
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 420.11 USD. The next resistance located at 433.12 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 443.40 USD. After this resistance, buyers could then target 456.11 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.
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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Additional analysis
Quotes
The CINTAS CORP. rating is 425.98 USD. On the day, this instrument lost -0.02% with the lowest point at 424.20 USD and the highest point at 429.15 USD. The deviation from the price is +0.42% for the low point and -0.74% for the high point.424.20
429.15
425.98
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CINTAS CORP. in 1H shows a strongly overall bullish trend. 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 slight given the direction of the technical indicators.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 393.40 | 403.66 | 420.11 | 425.98 | 426.45 | 433.12 | 443.40 |
| Change (%) | -7.65% | -5.24% | -1.38% | - | +0.11% | +1.68% | +4.09% |
| Change | -32.58 | -22.32 | -5.87 | - | +0.47 | +7.14 | +17.42 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Intermediate | Minor |
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 | 417.49 | 420.01 | 423.04 | 425.56 | 428.59 | 431.11 | 434.14 |
| Camarilla | 424.54 | 425.05 | 425.56 | 426.07 | 426.58 | 427.09 | 427.60 |
| Woodie | 417.75 | 420.14 | 423.30 | 425.69 | 428.85 | 431.24 | 434.40 |
| Fibonacci | 420.01 | 422.13 | 423.44 | 425.56 | 427.68 | 428.99 | 431.11 |
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): | 56.93 | |
| MACD (12,26,9): | 1.9500 | |
| Directional Movement: | 5.73 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 428.34 | |
| Parabolic SAR (0,02-0,02-0,2): | 428.88 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 420.36 | |
| Zig ZAG (10): | 425.94 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 55.39 | |
| TEMA (21): | 426.98 | |
| Williams %R (14): | -46.22 | |
| Chande Momentum Oscillator (20): | 0.48 | |
| Repulse (5,40,3): | 0.0200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 1.68 |
| MA7: | 421.94 | |
| MA20: | 399.75 | |
| MA50: | 385.97 | |
| MA100: | 392.91 | |
| MAexp7: | 426.56 | |
| MAexp20: | 425.39 | |
| MAexp50: | 419.19 | |
| MAexp100: | 409.09 | |
| Price / MA7: | +0.96% | |
| Price / MA20: | +6.56% | |
| Price / MA50: | +10.37% | |
| Price / MA100: | +8.42% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | +1.62% | |
| Price / MAexp100: | +4.13% |
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.
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