The Greedy Trader Weekly Analysis
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Cintas Corporation
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Summary:
Weekly :Overbought sectorStochastic signal line moved below overbought areaWeekly  MACD line has moved below its signal lineBroken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldPrice has crossed below the 50 Day Moving AverageBullish Harami CandlestickBroken trend support line
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It was the negative week for the Cintas Corporation (CTAS). During the week, the CTAS dropped -9.09 points, or -5.62%, and closed at 152.73 on Friday, February 09, 2018. Weekly volume was 59% above 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 February 16, 2010 at 23.10 and reached 169.96 on January 31, 2018. CTAS gained -146.86 points, or -635.76%, in 415 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (96.81) 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 December 23, 2016 at 113.00 and reached 169.96 on January 31, 2018. CTAS gained -56.96 points, or -50.41%, in 57 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 132.42 and resistance is at 174.85. 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 technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 link to access Lane's Stochastic help.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish 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 169.96 on January 31, 2018. CTAS gained -50.42 points, or -42.18%, in 258 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (160.21) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. CTAS may retest the broken support line. It is considered to be a resistance line now. 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 support in a short-term trend.

Daily Technical Indicators: [See CTAS daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since February 1, 2018. The distance between MACD and the signal line is near its high and getting bigger.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Candlestick pattern: [See CTAS candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.81
Williams' Percentage Range (W%R) 84.80
Oversold
Lane's Stochastic (%D-Slow) 14.95
Oversold
Greed/Fear Indicator (GFI) 19.98
Oversold
Moving Average Converg./Diverg. (MACD) 0.46
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.32
Williams' Percentage Range (W%R) 53.20
Lane's Stochastic (%D-Slow) 75.92
Greed/Fear Indicator (GFI) 58.67
Moving Average Converg./Diverg. (MACD) 7.62
Trading Signals
Description Value Chart
Monthly Trendline Resistance 174.85
Weekly Trendline Resistance 170.47
Upper Bollinger Band 169.94
Weekly Stochastic Crossing 163.76
20 Day Moving Average 161.92
Parabolic System 161.31
Weekly Trendline Support 160.21
50 Day Moving Average 159.71
Price 152.73
Daily Stochastic Crossing 151.59
Lower Bollinger Band 149.75
Quarterly Trendline Resistance 137.54
Monthly Trendline Support 132.42
Sector and Industry
Description Name Rank
Sector Services 9
Industry Business Services 99
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 169.96
High Date 01/31/2018
Low 147.38
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 170.47
Support 160.21
Low 119.54
Low Date 05/18/2017
High 169.96
High Date 01/31/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 174.85
Support 132.42
Low 113.00
Low Date 12/23/2016
High 169.96
High Date 01/31/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 137.54
Support 96.81
Low 23.10
Low Date 02/16/2010
High 169.96
High Date 01/31/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 18.09
Low Date 03/06/2009
High 169.96
High Date 01/31/2018
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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