CTAS Technical Analysis - CINTAS CORP

Technical Rating and Analysis

Overall CTAS gets a technical rating of 0 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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, CTAS is a bad performer in the overall market: 80% of all stocks are doing better.

CTAS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month CTAS has a been trading in the 187.29 - 205.93 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

CTAS has an average volume of 1938110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

CTAS is an average performer in the Commercial Services & Supplies industry, it outperforms 51% of 84 stocks in the same industry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of CTAS is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

186.07

229.94

When analyzing the support we notice one important area.

A support zone ranging from 187.95 to 187.95. This zone is formed by a combination of multiple trend lines in multiple time frames.

3 important resistance areas can be observed.

A resistance zone ranging from 199.51 to 200.59. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 204.25 to 208.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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	20.07	NEGATIVE	CTAS has a low relative strength, it was outperformed by 79.93% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of CTAS is below a declining 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)	UP	MIXED	The current price of CTAS is below the rising SMA(200).
Relative Strength Index/RSI (14)	22.38	OVERSOLD	The low RSI value suggests CTAS may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.84	NEGATIVE	The MACD value suggests CTAS has a negative trend.
Stochastics (14,3)	17.74	OVERSOLD	The low Stochastics value suggests CTAS may be oversold.
Average True Range in percent/ATR (20)	1.91	LOW VOLATILITY	The low ATR as a percentage value for CTAS suggests low volalility.
Average Directional Index/ADX (14)	34.39	POSITIVE	The high ADX value value for CTAS suggests a strong trend.