The Greedy Trader Weekly Analysis
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Cintas Corporation
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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionRelative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtLane's Stochastic bearish divergence
Daily :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range and Lane's Stochastic are overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergence
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It was a sixth positive week after 3 consecutive negative weeks for the Cintas Corporation (CTAS). During the week, the CTAS gained 4.07 points, or 1.97%, and closed at 210.99 on Friday, August 10, 2018. Weekly volume was -24% 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 212.59 on August 9, 2018. CTAS gained -194.50 points, or -1075.18%, in 491 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (103.07) 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 February 16, 2010 at 23.10 and reached 212.59 on August 9, 2018. CTAS gained -189.49 points, or -820.30%, in 442 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (101.79) 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 medium-term trend.

Weekly Technical Indicators: [See CTAS weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic 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 May 11, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 212.59 on August 9, 2018. CTAS gained -93.05 points, or -77.84%, in 448 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (190.94) 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 short-term trend.

Daily Technical Indicators: [See CTAS daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence.

The daily MACD line is above its signal line since July 6, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.70
Bearish
Williams' Percentage Range (W%R) 16.10
Overbought
Lane's Stochastic (%D-Slow) 88.33
Overbought Bearish
Greed/Fear Indicator (GFI) 78.32
Moving Average Converg./Diverg. (MACD) 4.73 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 82.68
Overbought
Williams' Percentage Range (W%R) 6.70
Strong Overbought
Lane's Stochastic (%D-Slow) 90.93
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 83.19
Overbought
Moving Average Converg./Diverg. (MACD) 9.57
Trading Signals
Description Value Chart
Upper Bollinger Band 217.28
Daily Stochastic Crossing 211.52
Price 210.99
Weekly Stochastic Crossing 209.53
Parabolic System 207.90
20 Day Moving Average 204.73
Monthly Trendline Resistance 200.85
Weekly Trendline Resistance 199.95
50 Day Moving Average 195.77
Lower Bollinger Band 192.16
Weekly Trendline Support 190.94
Sector and Industry
Description Name Rank
Sector Services 8
Industry Business Services 121
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 183.20
Low Date 07/02/2018
High 212.59
High Date 08/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 199.95
Support 190.94
Low 119.54
Low Date 05/18/2017
High 212.59
High Date 08/09/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 200.85
Support 141.33
Low 113.00
Low Date 12/23/2016
High 212.59
High Date 08/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 145.62
Support 101.79
Low 23.10
Low Date 02/16/2010
High 212.59
High Date 08/09/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 108.58
Support 103.07
Low 18.09
Low Date 03/06/2009
High 212.59
High Date 08/09/2018
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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