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Weekly Pattern:Rising Channel
Number of records: 15
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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 :Broken uptrend resistance line - uptrend exhaustionRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergence
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Move cursor over the icon to see details.

It was a second consecutive positive week for the Cintas Corporation (CTAS). During the week, the CTAS gained 1.68 points, or 1.07%, and closed at 159.18 on Friday, December 08, 2017. Weekly volume was -9% below average.

Long-term trend: [See CTAS long-term trend chart]
A long-term uptrend had started on February 16, 2010 at 23.10 and reached 159.68 on December 4, 2017. CTAS gained -136.58 points, or -591.26%, in 406 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (95.14) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 December 23, 2016 at 113.00 and reached 159.68 on December 4, 2017. CTAS gained -46.68 points, or -41.31%, in 49 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 129.45 and resistance is at 166.19. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See CTAS weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 21, 2017. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See CTAS short-term trend chart]
A short-term uptrend had started on May 18, 2017 at 119.54 and reached 159.68 on December 4, 2017. CTAS gained -40.14 points, or -33.58%, in 200 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 149.88 and resistance is at 160.63. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

Daily Technical Indicators: [See CTAS daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range.

The daily MACD line is above its signal line since November 27, 2017. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.12
Williams' Percentage Range (W%R) 7.70
Strong Overbought
Lane's Stochastic (%D-Slow) 84.50
Overbought
Greed/Fear Indicator (GFI) 84.98
Overbought
Moving Average Converg./Diverg. (MACD) 2.00
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.08
Overbought
Williams' Percentage Range (W%R) 3.30
Strong Overbought
Lane's Stochastic (%D-Slow) 80.96
Overbought Bearish
Greed/Fear Indicator (GFI) 81.99
Overbought
Moving Average Converg./Diverg. (MACD) 6.43 Bearish
Trading Signals
Description Value Chart
Monthly Trendline Resistance 166.19
Upper Bollinger Band 162.27
Weekly Trendline Resistance 160.63
Price 159.18
Daily Stochastic Crossing 158.25
Weekly Stochastic Crossing 156.96
Parabolic System 156.42
20 Day Moving Average 151.97
50 Day Moving Average 150.37
Weekly Trendline Support 149.88
Lower Bollinger Band 144.22
Quarterly Trendline Resistance 134.85
Monthly Trendline Support 129.45
Sector and Industry
Description Name Rank
Sector Services 7
Industry Business Services 119
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 144.40
Low Date 11/09/2017
High 159.68
High Date 12/04/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 160.63
Support 149.88
Low 119.54
Low Date 05/18/2017
High 159.68
High Date 12/04/2017
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 166.19
Support 129.45
Low 113.00
Low Date 12/23/2016
High 159.68
High Date 12/04/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 134.85
Support 95.14
Low 23.10
Low Date 02/16/2010
High 159.68
High Date 12/04/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 18.09
Low Date 03/06/2009
High 159.68
High Date 12/04/2017
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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