Buy Cintas Corporation | NASDAQ CTAS | Naranj Capital

 BUY   Cintas Corporation (NASDAQ: CTAS)

Cintas Corporation (NASDAQ: CTAS) STOCK RECOMMENDATION

Idea BUY
Buy Range 807 – 815
Target 845 – 850
StopLoss* below 790
Duration 14-15 Trading Days
Potential Returns 4% – 5%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 807 – 815 845 – 850 below 790 14-15 Trading Days 4% – 5%

* Once the first target hit, reset the StopLoss at your buying price.

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Cintas Corporation (NASDAQ: CTAS) STOCK OVERVIEW

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.

Stock Data
NASDAQ Symbol CTAS
Sectoral Index Apparel
52 Weeks High 812
52 Weeks Low 474.74

Cintas Corporation (NASDAQ: CTAS) - RELATIVE STRENGTH

CTAS-RELATIVE STRENGTH

Relative Performance - Last 1 Year

Cintas Corporation —     NASDAQ —

Cintas Corporation (NASDAQ: CTAS) - DAILY TECHNICAL ANALYSIS

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

Cintas Corporation (NASDAQ: CTAS) - RSI
  • Current RSI of this stock is 67.83, which indicates the strength of buyers.

Cintas Corporation (NASDAQ: CTAS) - EMA CROSS

CTAS-EMA CROSS
Cintas Corporation (NASDAQ: CTAS) - EMA Cross
  • 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.

Cintas Corporation (NASDAQ: CTAS) - ADX & DI

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

CONCLUSION - Cintas Corporation (NASDAQ: CTAS)) STOCK PRICE FORECAST

Based on our stock trading advice in USA, Cintas Corporation stock price target will be USD 845 – USD 850 in the next 14-15 trading sessions.

Cintas Corporation (NASDAQ: CTAS) TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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