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Weaker Buy Today CTAS ranks #796 as BUY CANDIDATE #796 Stronger Buy

CTAS stock forecast Cintas Corporation

CTAS stock forecast

Monday June 24, 2019 Change 0.31% Price $233.11
Chart period: 2019-03-25 - 2019-06-24
VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

Will CTAS stock price go up or down on Tue, 25 Jun 2019?

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Cintas Corporation Forecast and Stock Analysis

Technical CTAS stock analysis for Monday June 24, 2019.

Buy candidate since 2019-06-21 Gain 0.31%


Cintas Corporation gained 0.31% in the last trading day ( Monday, 24th Jun 2019 ), rising from $232.38 to $233.11 During day the stock fluctuated 1.06% from a day low at $231.27 to a day high of $233.73. The price has been going up and down for this period, and there has been a -0.61% loss for the last 2 weeks. Volume fell in the last day by -464 121 shares, and in total, 413 961 shares bought and sold for approximately $96.50 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Quick summary:

  • 30 day high of the CTAS stock price was $237.55 and low was $219.71.
  • 90 day high was $237.55 and low was $197.76.
  • 52 week high for the Cintas Corporation - $237.55 and low - $155.98.

Trend

Cintas Corporation lies in the lower part of a narrow and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $231.37 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 17.08% during the next 3 months and, with 90% probability hold a price between $270.88 and $284.03 at the end of this period.

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Signals

There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Wednesday June 19, 2019, which indicates further falls until a new bottom pivot has been found. Cintas Corporation holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $233.33. On a fall, the stock will find some support from the long-term average at approximately $226.80. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

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Relative Strength Index (RSI)

RSI14 is 63 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Cintas Corporation finds support from accumulated volume at $232.63.

Support: $232.63 Price: $233.11 Resistance: $234.54

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $2.45 (1.06%) between high and low. For the last week, the stock has had a daily average volatility of 2.04%.

Our recommended stoploss: $224.26 (-3.80%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 3 days ago.)

2.04 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

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 this stock to perform well in the short-term.

Buy Candidate Upgraded
Weaker Buy Today CTAS ranks #796 as BUY CANDIDATE #796 Stronger Buy

Will CTAS stock price go up or down on Tue, 25 Jun 2019?

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