The Greedy Trader Weekly Analysis
Sign In Jul 13, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
TA Search
Weekly Pattern:Rising Channel
Number of records: 15
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
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
Archive
- 7/6/2018
Sign In to see current Signals.
Cintas Corporation
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance lineBroken trend resistance line
Daily :Stochastic has raised above the signal lineThe price has risen above the Parabolic SARTrend resistance at 191.52The price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week after 3 consecutive negative weeks for the Cintas Corporation (CTAS). During the week, the CTAS gained 6.20 points, or 3.35%, and closed at 191.27 on Friday, July 06, 2018. Weekly volume was -38% below 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 194.09 on June 13, 2018. CTAS gained -176.00 points, or -972.91%, in 483 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (102.13) 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 194.09 on June 13, 2018. CTAS gained -170.99 points, or -740.22%, in 434 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (100.80) 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 Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 weekly MACD line is above its signal line since May 11, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 194.09 on June 13, 2018. CTAS gained -74.55 points, or -62.36%, in 391 days. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (191.52). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.

Daily Technical Indicators: [See CTAS daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.

The daily MACD line is below its signal line since June 18, 2018. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.88
Williams' Percentage Range (W%R) 43.70
Lane's Stochastic (%D-Slow) 60.32
Greed/Fear Indicator (GFI) 56.16
Moving Average Converg./Diverg. (MACD) 1.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.86
Williams' Percentage Range (W%R) 11.60
Overbought
Lane's Stochastic (%D-Slow) 84.50
Overbought
Greed/Fear Indicator (GFI) 78.60
Moving Average Converg./Diverg. (MACD) 8.36
Trading Signals
Description Value Chart
Monthly Trendline Resistance 195.69
Upper Bollinger Band 192.65
Weekly Trendline Resistance 191.52
Weekly Stochastic Crossing 191.28
Price 191.27
Daily Stochastic Crossing 189.48
20 Day Moving Average 189.11
Parabolic System 184.88
50 Day Moving Average 183.91
Weekly Trendline Support 183.50
Lower Bollinger Band 182.73
Sector and Industry
Description Name Rank
Sector Services 8
Industry Business Services 137
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 194.09
High Date 06/13/2018
Low 183.20
Low Date 07/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 191.52
Support 183.50
Low 119.54
Low Date 05/18/2017
High 194.09
High Date 06/13/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 195.69
Support 139.56
Low 113.00
Low Date 12/23/2016
High 194.09
High Date 06/13/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 144.02
Support 100.80
Low 23.10
Low Date 02/16/2010
High 194.09
High Date 06/13/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 107.64
Support 102.13
Low 18.09
Low Date 03/06/2009
High 194.09
High Date 06/13/2018
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.

Copyright© 2004-2016 All rights reserved.