Overall CTAS gets a technical rating of 1 out of 10. CTAS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, CTAS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 184.63, a Stop Loss order could be placed below this zone.
More info and screens
180.21
When analyzing the support we notice one important area.
- A support zone ranging from 182.03 to 184.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @205.27 from a horizontal line in the daily time frame.
- A resistance zone ranging from 225.79 to 227.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for CTAS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CTAS is down. |
| ChartMill Relative Strength | 19.73 | NEGATIVE | CTAS has a low relative strength, it was outperformed by 80.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CTAS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CTAS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CTAS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.47 | NEUTRAL | The RSI value for CTAS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.53 | POSITIVE | The MACD value suggests CTAS has a positive trend. |
| Stochastics (14,3) | 44.07 | NEUTRAL | The Stochastics value for CTAS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.63 | LOW VOLATILITY | The low ATR as a percentage value for CTAS suggests low volalility. |
| Average Directional Index/ADX (14) | 25.76 | POSITIVE | The high ADX value value for CTAS suggests a strong trend. |
186.02
+1.42 (+0.77%)
CINTAS CORP / CTAS FAQ
Can you provide the ChartMill technical rating for CINTAS CORP?
ChartMill assigns a technical rating of 1 / 10 to CTAS.
What is the current trend direction of CINTAS CORP (CTAS) stock?
The current trend direction for CINTAS CORP (CTAS) is Bearish.
What is the RSI signal for CTAS stock?
CINTAS CORP (CTAS) has an RSI value of 48.4732. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CINTAS CORP?
The MACD indicator for CINTAS CORP (CTAS) has a value of 0.529952, indicating a bearish trend.
What is the short term momentum for CINTAS CORP (CTAS) stock?
The short term momentum for CINTAS CORP (CTAS) is negative.