Buy Cintas Corporation | NASDAQ – CTAS | Short Term Trading Advice | Apparel Sector | 11th Sep 2024 | Expected Gain 4% – 5%

Stock Market
NASDAQ, United States of America

Target hit. Trade closed.

12 Sep 2024
26 Sep 2024
26 Sep 2024
12 days
Loss per
100,000 USD
Stop-loss
790
Buy Advice
12 Sep 2024
807 – 815
Target 1
26 Sep 2024
845
Target 2
26 Sep 2024
850
Profit per
100,000 USD
12 days
4,752
790
807 – 815
845
850
4,752
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Cintas Corporation
  • 807 – 815
  • 845 – 850
  • Below 790
  • 4% – 5%
  • 14 - 15 Days
  • Buy Cintas Corporation
  • Buy
    Range
    807 – 815
  • Target 845 – 850
  • Stoploss Below 790
  • Upside
    Potential
    4% – 5%
  • Trade
    Duration
    14 - 15 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Cintas Corporation (NASDAQ: CTAS) - Stock Overview

  • NASDAQ code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • CTAS
  • Cintas Corporation
  • Apparel
  • 812
  • 474.74
  • NASDAQ code CTAS
  • Stock Name Cintas Corporation
  • Sector Apparel
  • 52 Weeks High 812
  • 52 Weeks Low 474.74
  • Company profile

    Cintas Corporation provides corporate uniforms and related services mainly in the United States, Canada, and Latin America. It operates in several areas: Uniform Rental and Facility Services, First Aid and Safety Services, and other segments. The company rents and maintains uniforms and various garments, including flame-resistant clothing, mats, mops, shop towels, and more. It also offers restroom cleaning services and supplies, along with selling uniforms. Additionally, Cintas provides first aid and safety services, as well as fire protection products. Its products and services are delivered through a distribution network and local routes, serving small businesses and large corporations alike. Founded in 1968, Cintas is headquartered in Cincinnati, Ohio.

  • Cintas Corporation (NASDAQ: CTAS) vs NASDAQ - Relative Strength Comparison

    The image compares Cintas Corporation's 1-year performance to NASDAQ.
    Relative Performance - Last 1 Year
    CTAS —   NASDAQ —

  • Cintas Corporation (NASDAQ: CTAS) - Technical Analysis (Daily)

    Cintas Corporation - Technical Analysis chart on Daily Price and Volume
    Cintas Corporation - Technical Analysis chart on Daily Price and Volume

    • The stock price previously formed an Inverted Head & Shoulders pattern.
    • After breaking out, it entered a strong uptrend, consistently reaching higher highs and higher lows.
    • Currently, the price is at an all-time high and is expected to break through the ascending parallel channel.
    • If this breakout occurs, we can anticipate the price to rise to new levels in the coming days.
  • Cintas Corporation (NASDAQ: CTAS) - RSI Indicator

    Cintas Corporation stock analysis based on RSI indicator
    Cintas Corporation - RSI indicator

    • Current RSI of this stock is 67.83, which indicates the strength of buyers.

  • Cintas Corporation (NASDAQ: CTAS) - ADX & DI Indicator

    Cintas Corporation stock analysis based on ADX & DI indicator
    Cintas Corporation - ADX & DI indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Cintas Corporation (NASDAQ: CTAS) - EMA Crossover

    Cintas Corporation stock analysis based on EMA Crossover
    Cintas Corporation - EMA Crossover

    • The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

  • Conclusion - Cintas Corporation (NASDAQ: CTAS) Stock Price Forcast

    Based on our swing trading strategies for Nasdaq 100 stocks, Cintas Corporation stock price target will be USD 845 - USD 850 in the next 14-15 trading sessions.

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