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Cintas Corporation Stock Forecast NASDAQ:CTAS

$450.98 (1.11%)

Volume: 392k

Closed: Dec 08, 2021

Hollow Logo Score: 1.546

Cintas Corporation Stock Forecast

$450.98 (1.11%)

Volume: 392k

Closed: Dec 08, 2021

Score Hollow Logo 1.546
Which way will CTAS go? Request
Wed, Dec 08, 2021 Buy Candidate Upgraded
Stop-loss: $435.47 (-3.44%)
Earnings Date: Dec 20, 2021
Key Stats
P/E Ratio 40.64
Beta 1.3
Trailing Dividend Rate 0.76% ($3.39)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 53 and the stock is currently not being overbought or oversold

Cintas Corporation stock upgraded to Buy Candidate.
(Updated on Dec 08, 2021)


Buy or Hold candidate since 2021-12-06 Gain 3.60%

The Cintas Corporation stock price gained 1.11% on the last trading day (Wednesday, 8th Dec 2021), rising from $446.02 to $450.98. , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 1.49% from a day low at $445.88 to a day high of $452.50. The price has risen in 6 of the last 10 days and is up by 2.69% over the past 2 weeks. Volume fell on the last day by -130 thousand shares and in total, 392 thousand shares were bought and sold for approximately $176.83 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $456.97 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 14.35% during the next 3 months and, with a 90% probability hold a price between $482.75 and $522.55 at the end of this 3-month period.

Signals & Forecast

The Cintas Corporation stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $433.08 and $434.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 7.99%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

Cintas Corporation finds support from accumulated volume at $432.17 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $6.63 between high and low, or 1.49%. For the last week the stock has had a daily average volatility of 2.92%.

Our recommended stop-loss: $435.47 (-3.44%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)

Is Cintas Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Cintas Corporation stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.546

Predicted Opening Price for Cintas Corporation of Thursday, December 9, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 9, 2021 Current price
$449.79 $450.98 (Overvalued)
Buy Candidate Upgraded

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Analyst Ratings

On Nov 30, 2021 "Royal Bank of Canada" gave "$450.00 - $475.00" rating for CTAS. The price target was changed from $427.33 to 1.7%.

Volatility and Risk
Daily Average Volatility: 2.92 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.92 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

No Resistance Found
Price: $450.98
Support: $432.17

CTAS Insider Trading Show all Trades

INSIDER POWER

0.287

Last 100 transactions
Buy: 402 686 | Sell: 1 401 160 (Shares)
Date Action Amount Person Type
Oct 26, 2021 Sell 800 Barstad Melanie W. Stock Option (Right to Buy)
Oct 26, 2021 Buy 169 Barstad Melanie W. Common Stock
Oct 26, 2021 Buy 800 Barrett John F Stock Option (right to buy)
Oct 26, 2021 Buy 169 Barrett John F Common Stock
Oct 26, 2021 Buy 800 Coletti Robert E. Stock Option (Right to Buy)
Show all Insider Trades
INSIDER POWER

0.287

Last 100 transactions
Buy: 402 686 | Sell: 1 401 160 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 456.41 1.20 %
453.88 0.64 %
452.32 0.30 %
Current price: 450.98
Support 447.25 -0.83 %
445.69 -1.17 %
443.16 -1.73 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
0 .
0 .
Current price 450.98
Support 432.17 -4.17%
422.19 -6.38%
392.86 -12.89%

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About Cintas Corporation

Cintas Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. Its Rental Uniforms and Ancillary Products segment rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, and carpet and tile cleaning services. The company’s Unifo... Read more

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