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 02/16/2024 (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

50%

17%

33%

My opinion

Bullish above 604.86 USD

My targets

632.67 USD (+1.91%)

655.00 USD (+5.51%)

My analysis

The bullish trend is currently very strong on CINTAS CORP.. As long as the price remains above the support at 604.86 USD, you could try to benefit from the boom. The first bullish objective is located at 632.67 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 655.00 USD as an objective. 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.

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

7.1

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 620.78 USD. On the day, this instrument lost -0.04% and was traded between 619.19 USD and 621.78 USD over the period. The price is currently at +0.26% from its lowest and -0.16% from its highest.

619.19

621.78

620.78

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of CINTAS CORP. in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly 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 slight 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

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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 horizontal support

Type : Bullish

Timeframe : Daily

From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Bearish harami

Type : Bearish

Timeframe : Daily

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	575.97	604.86	620.24	620.78
Change (%)	-7.22%	-2.56%	-0.09%	-
Change	-44.81	-15.92	-0.54	-
Level	Intermediate	Major	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	607.22	610.35	615.68	618.81	624.14	627.27	632.60
Camarilla	618.69	619.47	620.25	621.02	621.80	622.57	623.35
Woodie	608.33	610.90	616.79	619.36	625.25	627.82	633.71
Fibonacci	610.35	613.58	615.58	618.81	622.04	624.04	627.27

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	594.49	602.13	609.49	617.13	624.49	632.13	639.49
Camarilla	612.72	614.09	615.47	616.84	618.22	619.59	620.97
Woodie	594.34	602.06	609.34	617.06	624.34	632.06	639.34
Fibonacci	602.13	607.86	611.40	617.13	622.86	626.40	632.13

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	543.82	558.55	580.88	595.61	617.94	632.67	655.00
Camarilla	593.03	596.43	599.82	603.22	606.62	610.01	613.41
Woodie	547.63	560.45	584.69	597.51	621.75	634.57	658.81
Fibonacci	558.55	572.70	581.45	595.61	609.76	618.51	632.67

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):	62.68
MACD (12,26,9):	8.0100
Directional Movement:	13.65
AROON (14):	50.00
DEMA (21):	620.16
Parabolic SAR (0,02-0,02-0,2):	623.41
Elder Ray (13):	7.63
Super Trend (3,10):	596.98
Zig ZAG (10):	620.09
VORTEX (21):	1.1400
Stochastique (14,3,5):	77.20
TEMA (21):	619.06
Williams %R (14):	-17.16
Chande Momentum Oscillator (20):	16.87
Repulse (5,40,3):	0.9900
ROCnROLL:	1
TRIX (15,9):	0.2100
Courbe Coppock:	4.95

MA7:	614.77
MA20:	609.61
MA50:	590.85
MA100:	553.82
MAexp7:	615.72
MAexp20:	608.96
MAexp50:	590.44
MAexp100:	564.08
Price / MA7:	+0.98%
Price / MA20:	+1.83%
Price / MA50:	+5.07%
Price / MA100:	+12.09%
Price / MAexp7:	+0.82%
Price / MAexp20:	+1.94%
Price / MAexp50:	+5.14%
Price / MAexp100:	+10.05%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The last news published on CINTAS CORP. at the time of the generation of this analysis was as follows:

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

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