CINTAS CORP (CTAS) Stock Technical Analysis
NASDAQ:CTAS • US1729081059
Taking everything into account, CTAS scores 6 out of 10 in our technical rating. CTAS has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month CTAS has a been trading in the 186.14 - 203.00 range, which is quite wide. It is currently trading near the high of this range.
- CTAS has an average volume of 1886130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, CTAS outperforms 47% of them, which is more or less in line with the market.
- CTAS is an average performer in the Commercial Services & Supplies industry, it outperforms 62% of 81 stocks in the same industry.
- CTAS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CTAS is lagging the market.
CTAS has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 197.58, a Stop Loss order could be placed below this zone.
More info and screens
180.21
We found 2 important support areas.
- A support zone ranging from 192.58 to 197.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 182.03 to 184.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @205.26 from a horizontal line in the daily time frame.
- A resistance zone ranging from 225.79 to 227.67. 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 | NEUTRAL | NEUTRAL | The long term trend for CTAS is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CTAS is up. |
| ChartMill Relative Strength | 47.58 | NEUTRAL | CTAS is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of CTAS is above the rising 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) | 62.08 | NEUTRAL | The RSI value for CTAS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests CTAS has a positive trend. |
| Stochastics (14,3) | 61.5 | NEUTRAL | The Stochastics value for CTAS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for CTAS suggests low volalility. |
| Average Directional Index/ADX (14) | 17.78 | NEGATIVE | The low ADX value for CTAS suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 205.27 | 192.34 | 12.93 (6.30%) | 15.88% |
| An entry @205.27. This is a Buy Stop order right above the resistance zone. | An exit @192.34. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 12.93 points, which is 6.30%. | For a 1.00% total portfolio risk, you can invest 15.88% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
201.13
+2.85 (+1.44%)
CINTAS CORP / CTAS FAQ
Can you provide the ChartMill technical rating for CINTAS CORP?
ChartMill assigns a technical rating of 6 / 10 to CTAS.
What is the trend direction for CTAS stock?
The current trend direction for CINTAS CORP (CTAS) is Bearish.
Can you provide the RSI signal for CINTAS CORP?
CINTAS CORP (CTAS) has an RSI value of 62.0827. This indicates that the stock is currently neutral.
What is the short term momentum for CINTAS CORP (CTAS) stock?
The short term momentum for CINTAS CORP (CTAS) is positive.