The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Channel
Number of records: 14
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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
Cintas Corporation
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Summary:
Weekly :Overbought sectorBroken trend resistance lineBroken trend resistance line
Daily :Broken trend support line20 Day Moving Average has crossed below the 50 Day Moving AverageBearish Downside Tasuki Gap CandlestickWilliams' Percentage Range and Lane's Stochastic are oversoldThe period of high volatility of the stock price
Move cursor over the icon to see details.

It was the negative week for the Cintas Corporation (CTAS). During the week, the CTAS gave back -1.91 points, or -0.97%, and closed at 195.90 on Friday, October 05, 2018. Weekly volume was 95% above average.

CTAS is a member of Services Sector. Services is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See CTAS long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 18.09 and reached 217.34 on September 7, 2018. CTAS gained -199.25 points, or -1101.44%, in 496 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (104.55) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See CTAS medium-term trend chart]
A medium-term uptrend had started on February 16, 2010 at 23.10 and reached 217.34 on September 7, 2018. CTAS gained -194.24 points, or -840.87%, in 446 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (103.34) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See CTAS weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since September 21, 2018. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See CTAS short-term trend chart]
A short-term downtrend had started on September 7, 2018 at 217.34 and reached 194.02 on October 5, 2018. CTAS lost 23.32 points, or 10.73%, in 28 days. The chart has formed a Falling Channel chart pattern. The downtrend support line (206.47) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a short-term trend.

Daily Technical Indicators: [See CTAS daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is below its signal line since August 10, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term downtrend is still strong, and momentum is beginning to wane.

The distance between the Bollinger Bands is 103.53% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Candlestick pattern: [See CTAS candlestick chart pattern]
On Friday the chart has formed a Bearish Downside Tasuki Gap Candlestick pattern. This is a rare continuation formation that appears in a strongly downward moving market. The reliability of the Bearish Downside Tasuki Gap pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Downside Tasuki Gap Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 22.50
Williams' Percentage Range (W%R) 94.50
Strong Oversold
Lane's Stochastic (%D-Slow) 7.34
Strong Oversold
Greed/Fear Indicator (GFI) 11.77
Oversold
Moving Average Converg./Diverg. (MACD) -2.60
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.46
Williams' Percentage Range (W%R) 57.70
Lane's Stochastic (%D-Slow) 60.18
Greed/Fear Indicator (GFI) 50.97
Moving Average Converg./Diverg. (MACD) 11.27
Trading Signals
Description Value Chart
Monthly Trendline Resistance 221.98
Upper Bollinger Band 220.04
Weekly Trendline Resistance 210.59
50 Day Moving Average 209.37
20 Day Moving Average 206.66
Weekly Trendline Support 206.47
Weekly Stochastic Crossing 205.95
Parabolic System 205.38
Price 195.90
Daily Stochastic Crossing 194.84
Lower Bollinger Band 188.32
Sector and Industry
Description Name Rank
Sector Services 8
Industry Business Services 96
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 213.94
High Date 09/21/2018
Low 194.02
Low Date 10/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 210.59
Support 206.47
High 217.34
High Date 09/07/2018
Low 194.02
Low Date 10/05/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 221.98
Support 144.08
Low 113.00
Low Date 12/23/2016
High 217.34
High Date 09/07/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 148.13
Support 103.34
Low 23.10
Low Date 02/16/2010
High 217.34
High Date 09/07/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 110.05
Support 104.55
Low 18.09
Low Date 03/06/2009
High 217.34
High Date 09/07/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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