CINTAS CORP. - Daily - Technical analysis published on 10/07/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 256.27 USD
My targets
267.84 USD (+2.27%)
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 256.27 USD. The next resistance located at 267.84 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. 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 confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CINTAS CORP. price is 261.89 USD. The price registered a decrease of -0.37% on the session and was traded between 259.78 USD and 262.95 USD over the period. The price is currently at +0.81% from its lowest and -0.40% from its highest.259.78
262.95
261.89
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:
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
A technical analysis in Daily of this CINTAS CORP. chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a moderate bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
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
The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:
White morning star
Type : Bullish
Timeframe : Daily
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 216.40 | 246.02 | 256.27 | 261.89 | 267.84 |
| Change (%) | -17.37% | -6.06% | -2.15% | - | +2.27% |
| Change | -45.49 | -15.87 | -5.62 | - | +5.95 |
| Level | Major | Major | 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 | 256.79 | 258.13 | 260.50 | 261.84 | 264.21 | 265.55 | 267.92 |
| Camarilla | 261.84 | 262.18 | 262.52 | 262.86 | 263.20 | 263.54 | 263.88 |
| Woodie | 257.29 | 258.39 | 261.00 | 262.10 | 264.72 | 265.81 | 268.43 |
| Fibonacci | 258.13 | 259.55 | 260.43 | 261.84 | 263.26 | 264.14 | 265.55 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 238.94 | 246.40 | 254.63 | 262.09 | 270.32 | 277.78 | 286.01 |
| Camarilla | 258.55 | 259.98 | 261.42 | 262.86 | 264.30 | 265.74 | 267.18 |
| Woodie | 239.33 | 246.59 | 255.02 | 262.28 | 270.71 | 277.97 | 286.40 |
| Fibonacci | 246.40 | 252.39 | 256.10 | 262.09 | 268.08 | 271.79 | 277.78 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 225.08 | 234.54 | 251.32 | 260.78 | 277.56 | 287.02 | 303.80 |
| Camarilla | 260.88 | 263.29 | 265.70 | 268.10 | 270.51 | 272.91 | 275.32 |
| Woodie | 228.74 | 236.37 | 254.98 | 262.61 | 281.22 | 288.85 | 307.46 |
| Fibonacci | 234.54 | 244.56 | 250.76 | 260.78 | 270.80 | 277.00 | 287.02 |
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): | 53.66 | |
| MACD (12,26,9): | 1.4900 | |
| Directional Movement: | 1.04 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 261.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 253.86 | |
| Elder Ray (13): | 0.92 | |
| Super Trend (3,10): | 250.66 | |
| Zig ZAG (10): | 262.51 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 63.90 | |
| TEMA (21): | 262.06 | |
| Williams %R (14): | -34.02 | |
| Chande Momentum Oscillator (20): | 10.62 | |
| Repulse (5,40,3): | 0.9300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 9.98 |
| MA7: | 262.72 | |
| MA20: | 256.04 | |
| MA50: | 259.49 | |
| MA100: | 248.05 | |
| MAexp7: | 261.51 | |
| MAexp20: | 259.52 | |
| MAexp50: | 256.35 | |
| MAexp100: | 247.07 | |
| Price / MA7: | -0.32% | |
| Price / MA20: | +2.28% | |
| Price / MA50: | +0.92% | |
| Price / MA100: | +5.58% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +0.91% | |
| Price / MAexp50: | +2.16% | |
| Price / MAexp100: | +6.00% |
CintasThis member declared not having a position on this financial instrument or a related financial instrument.
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