The Greedy Trader Weekly Analysis
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Cintas Corporation
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtStochastic signal line moved below overbought areaLane's Stochastic and MACD bearish divergence
Daily :Relative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtDaily  MACD line has moved above its signal lineThe price is above the upper Bollinger Band
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It was a first positive week for the Cintas Corporation (CTAS). During the week, the CTAS gained 9.79 points, or 6.63%, and closed at 157.50 on Friday, December 01, 2017. It was the best weekly gain since July 21, 2017. Weekly volume was 75% above 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 158.43 on December 1, 2017. CTAS gained -135.33 points, or -585.84%, in 406 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (94.95) 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 158.43 on December 1, 2017. CTAS gained -45.43 points, or -40.20%, in 49 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 129.09 and resistance is at 165.16. 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 Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 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 158.43 on December 1, 2017. CTAS gained -38.89 points, or -32.53%, in 197 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 148.69 and resistance is at 159.44. 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 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 daily Relative Strength Index and Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Relative Strength Index help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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) 83.73
Overbought
Williams' Percentage Range (W%R) 8.80
Strong Overbought
Lane's Stochastic (%D-Slow) 83.76
Overbought
Greed/Fear Indicator (GFI) 86.21
Overbought
Moving Average Converg./Diverg. (MACD) 0.91
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.61
Williams' Percentage Range (W%R) 3.70
Strong Overbought
Lane's Stochastic (%D-Slow) 79.77
Bearish
Greed/Fear Indicator (GFI) 81.71
Overbought
Moving Average Converg./Diverg. (MACD) 6.27 Bearish
Trading Signals
Description Value Chart
Monthly Trendline Resistance 165.16
Weekly Trendline Resistance 159.44
Daily Stochastic Crossing 157.96
Price 157.50
Upper Bollinger Band 156.92
Weekly Stochastic Crossing 155.54
Parabolic System 150.88
20 Day Moving Average 149.48
Weekly Trendline Support 148.69
50 Day Moving Average 148.53
Lower Bollinger Band 144.03
Quarterly Trendline Resistance 134.53
Monthly Trendline Support 129.09
Sector and Industry
Description Name Rank
Sector Services 4
Industry Business Services 118
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 144.40
Low Date 11/09/2017
High 158.43
High Date 12/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 159.44
Support 148.69
Low 119.54
Low Date 05/18/2017
High 158.43
High Date 12/01/2017
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 165.16
Support 129.09
Low 113.00
Low Date 12/23/2016
High 158.43
High Date 12/01/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 134.53
Support 94.95
Low 23.10
Low Date 02/16/2010
High 158.43
High Date 12/01/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 18.09
Low Date 03/06/2009
High 158.43
High Date 12/01/2017
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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