Our Thoughts on Cintas Corporation ($CTAS) (2019-10-15)

REPORTING FOR 2019-10-15 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how CTAS has been trading over the last 2 weeks and the past day especially. On its latest session, Cintas Corporation ($CTAS) opened at 267.7, reaching a high of 268.28 and a low of 265.79 before closing at a price of 265.94. There was a total volume of 265431.

VOLUME INDICATORS FOR CINTAS CORPORATION ($CTAS): We saw an accumulation-distribution index of 3366.37492, an on-balance volume of 267.61, chaikin money flow of 7.58621 and a force index of -0.4797. There was an ease of movement rating of -0.01687, a volume-price trend of 19.0277 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR CINTAS CORPORATION ($CTAS): We noted an average true range of 2.70204, bolinger bands of 268.6996, an upper bollinger band of 264.4004, lower bollinger band of 265.79, a bollinger high band indicator of nan, bollinger low band indicator of 1.0, a central keltner channel of 267.25667, high band keltner channel of 266.67667, low band keltner channel of 267.83667, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 265.79, a donchian channel low band of 265.79, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR CINTAS CORPORATION ($CTAS): We calculated a Moving Average Convergence Divergence (MACD) of 0.0341, a MACD signal of 0.01895, a MACD difference of 0.01516, a fast Exponential Moving Average (EMA) indicator of 265.79, a slow Exponential Moving Average (EMA) indicator of 265.79, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.1344, a trix of 4.30254, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of 66.66667, a Detrended Price Oscillator (DPO) of -17.92191, a KST Oscillator (KST) of 72.30422 and a KST Oscillator (KST Signal) of 72.30422 (leaving a KST difference of 1.53307). We also found an Ichimoku rating of 267.99, an Ichimoku B rating of 267.99, a Ichimoku visual trend A of 254.25641, an Ichimoku visual trend B of 257.11675, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of 4.0.

MOMENTUM INDICATORS FOR CINTAS CORPORATION ($CTAS): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 90.36906, a stochastic oscillator of 429.31034, a stochastic oscillator signal of 429.31034, a Williams %R rating of 329.31034 and an awesome oscillator of -0.58633.

RETURNS FOR CINTAS CORPORATION ($CTAS): There was a daily return of 7.23042, a daily log return of 0.57025 and a cumulative return of 0.57188.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-10-15 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Cintas Corporation ($CTAS)…

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Cintas Corporation ($CTAS) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

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