CINTAS CORP. - 1H - Technical analysis published on 04/04/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
33%
22%
My opinion
Bullish above 644.79 USD
My targets
689.29 USD (+1.57%)
704.84 USD (+3.86%)
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 644.79 USD. The next resistance located at 689.29 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 704.84 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.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
6.4
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Additional analysis
Quotes
The CINTAS CORP. rating is 678.63 USD. On the day, this instrument lost -0.03% and was traded between 677.76 USD and 689.47 USD over the period. The price is currently at +0.13% from its lowest and -1.57% from its highest.677.76
689.47
678.63
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CINTAS CORP.:
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 this 1H chart of CINTAS CORP. indicates that the overall trend is strongly bullish. 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.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found no further results concerning independent technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 633.83 | 644.79 | 675.68 | 678.63 | 689.29 | 704.84 |
| Change (%) | -6.60% | -4.99% | -0.43% | - | +1.57% | +3.86% |
| Change | -44.80 | -33.84 | -2.95 | - | +10.66 | +26.21 |
| Level | Major | Minor | Minor | - | Minor | 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 | 667.53 | 670.58 | 674.72 | 677.77 | 681.91 | 684.96 | 689.10 |
| Camarilla | 676.87 | 677.53 | 678.19 | 678.85 | 679.51 | 680.17 | 680.83 |
| Woodie | 668.07 | 670.85 | 675.26 | 678.04 | 682.45 | 685.23 | 689.64 |
| Fibonacci | 670.58 | 673.33 | 675.03 | 677.77 | 680.52 | 682.22 | 684.96 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 572.22 | 602.30 | 644.67 | 674.75 | 717.12 | 747.20 | 789.57 |
| Camarilla | 667.11 | 673.75 | 680.39 | 687.03 | 693.67 | 700.31 | 706.95 |
| Woodie | 578.36 | 605.37 | 650.81 | 677.82 | 723.26 | 750.27 | 795.71 |
| Fibonacci | 602.30 | 629.98 | 647.08 | 674.75 | 702.43 | 719.53 | 747.20 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 545.93 | 581.28 | 634.15 | 669.50 | 722.37 | 757.72 | 810.59 |
| Camarilla | 662.77 | 670.86 | 678.94 | 687.03 | 695.12 | 703.20 | 711.29 |
| Woodie | 554.70 | 585.66 | 642.92 | 673.88 | 731.14 | 762.10 | 819.36 |
| Fibonacci | 581.28 | 614.98 | 635.80 | 669.50 | 703.20 | 724.02 | 757.72 |
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): | 54.20 | |
| MACD (12,26,9): | 1.6900 | |
| Directional Movement: | 11.59 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 681.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 689.22 | |
| Elder Ray (13): | 0.28 | |
| Super Trend (3,10): | 674.03 | |
| Zig ZAG (10): | 679.03 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 34.69 | |
| TEMA (21): | 678.26 | |
| Williams %R (14): | -65.95 | |
| Chande Momentum Oscillator (20): | 2.56 | |
| Repulse (5,40,3): | -0.7400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 0.42 |
| MA7: | 674.32 | |
| MA20: | 645.52 | |
| MA50: | 628.38 | |
| MA100: | 598.27 | |
| MAexp7: | 679.23 | |
| MAexp20: | 678.38 | |
| MAexp50: | 670.61 | |
| MAexp100: | 658.14 | |
| Price / MA7: | +0.64% | |
| Price / MA20: | +5.13% | |
| Price / MA50: | +8.00% | |
| Price / MA100: | +13.43% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +1.19% | |
| Price / MAexp100: | +3.11% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on CINTAS CORP. at the time of the analysis were as follows:
- Cintas Is Recognized as One of Newsweek’s America’s Greatest Workplaces for Diversity 2024
- Empowering Her: How Cintas Became an Employer of Choice for Women
- Cintas Named one of America’s Best Workplaces for Women by Newsweek
- Cintas Corporation Provides Annual Update on Key Safety and Sustainability Business Initiatives
- Cintas Corporation Earns NETS Road Safety Achievement Award
This 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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