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Uptrend ExhaustionArchive
- 1/3/2025 -
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Cintas Corporation (CTAS) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week after 4 consecutive negative weeks for the Cintas Corporation (CTAS). During the week, the CTAS gained 2.50 points, or 1.36%, and closed at 185.90 on Friday, January 3, 2025. It was the best weekly gain since November 29, 2024. Weekly volume was 136% above average.
 Long-term trend: [See CTAS long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 18.09 and reached 812.01 on September 3, 2024. CTAS gained -793.92 points, or -4388.72%, in 808 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (214.32) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.
 Medium-term trend: [See CTAS medium-term trend chart]
A medium-term downtrend had started on September 3, 2024 at 812.01 and reached 180.80 on December 30, 2024. CTAS lost 631.21 points, or 77.73%, in 16 weeks. The chart has formed a Rectangle chart pattern. The downtrend support line (225.38) is broken, while daily and weekly technical indicators are oversold. Downtrend 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 support in a medium-term trend.
 Weekly Technical Indicators: [See CTAS weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. Weekly Relative Strength Index has bullish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Relative Strength Index and Williams' Percentage Range help.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish 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 December 30, 2024 at 180.80 and reached 186.50 on January 3, 2025. CTAS gained -5.70 points, or -3.15%, in 4 days. The price is now at the 10.53% retracement level.
 Daily Technical Indicators: [See CTAS daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since December 9, 2024. The distance between MACD and the signal line is low and getting smaller.
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