The Hourly View for CTAS
Currently, CTAS (Get Ratings)’s price is down $-1.09 (-0.31%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as CTAS has now gone down 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them so that price is now turning below it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
CTAS ranks 13th in terms of today’s price percentage change out of Apparel stocks.
CTAS’s Technical Outlook on the Daily Chart
Currently, CTAS’s price is up $0.04 (0.01%) from the day prior. It’s been a feast for bulls operating on the daily timeframe, as CTAS has now gone up 4 of the past 5 days. Regarding the trend, note that the strongest trend exists on the 20 day timeframe. Of note is that the 20 day changed directions on CTAS; it is now pointing up. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Cintas Corp’s price action over the past 90 days can be seen via the chart below.