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Advanced TA SearchArchive
- 5/10/2024 -
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Cintas Corporation (CTAS) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a third positive week after 3 consecutive negative weeks for the Cintas Corporation (CTAS). During the week, the CTAS gained 26.23 points, or 3.89%, and closed at 700.27 on Friday, May 10, 2024. It was the best weekly gain since March 28, 2024. Weekly volume was -10% below average.
CTAS is a member of Industrials Sector. Industrials 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 June 16, 2022 at 343.86 and reached 704.84 on March 27, 2024. CTAS gained -360.98 points, or -104.98%, in 92 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (588.94) 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 long-term trend.
 Medium-term trend: [See CTAS medium-term trend chart]
A medium-term uptrend had started on January 20, 2023 at 423.06 and reached 704.84 on March 27, 2024. CTAS gained -281.78 points, or -66.61%, in 61 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (559.36) 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.
The weekly MACD line is above its signal line since November 3, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 September 27, 2023 at 474.74 and reached 704.84 on March 27, 2024. CTAS gained -230.10 points, or -48.47%, in 182 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 664.97 and resistance is at 707.39. 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 Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
The price touches the upper Bollinger Band. 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.
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