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 exhaustionWilliams' Percentage Range is strongly overboughtWeekly  MACD line has moved above its signal line
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal line
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It was the negative week for the Cintas Corporation (CTAS). During the week, the CTAS gave back -1.06 points, or -0.58%, and closed at 182.85 on Friday, May 18, 2018. Weekly volume was -37% below average.

CTAS is a member of Services Sector. Services is the 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 184.22 on May 14, 2018. CTAS gained -166.13 points, or -918.35%, in 479 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (100.88) 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 184.22 on May 14, 2018. CTAS gained -161.12 points, or -697.49%, in 429 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (99.50) 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 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. 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 link to access Williams' Percentage Range help.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 184.22 on May 14, 2018. CTAS gained -64.68 points, or -54.11%, in 361 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 175.19 and resistance is at 183.63. 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 Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since May 3, 2018. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 82.97
Overbought
Williams' Percentage Range (W%R) 10.80
Overbought
Lane's Stochastic (%D-Slow) 86.76
Overbought
Greed/Fear Indicator (GFI) 86.30
Overbought
Moving Average Converg./Diverg. (MACD) 2.52
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.72
Williams' Percentage Range (W%R) 4.50
Strong Overbought
Lane's Stochastic (%D-Slow) 78.82
Greed/Fear Indicator (GFI) 77.56
Moving Average Converg./Diverg. (MACD) 7.43
Trading Signals
Description Value Chart
Monthly Trendline Resistance 188.88
Upper Bollinger Band 187.67
Weekly Trendline Resistance 183.63
Daily Stochastic Crossing 182.91
Price 182.85
Weekly Stochastic Crossing 180.09
Parabolic System 180.03
20 Day Moving Average 176.73
Weekly Trendline Support 175.19
50 Day Moving Average 173.60
Lower Bollinger Band 168.19
Sector and Industry
Description Name Rank
Sector Services 9
Industry Business Services 137
Daily Trend
Description Value
Direction Up
Chart Pattern Descending Triangle
Low 162.11
Low Date 03/22/2018
High 184.22
High Date 05/14/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 183.63
Support 175.19
Low 119.54
Low Date 05/18/2017
High 184.22
High Date 05/14/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 188.88
Support 137.23
Low 113.00
Low Date 12/23/2016
High 184.22
High Date 05/14/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 141.90
Support 99.50
Low 23.10
Low Date 02/16/2010
High 184.22
High Date 05/14/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 106.39
Support 100.88
Low 18.09
Low Date 03/06/2009
High 184.22
High Date 05/14/2018
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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