Learn to Evaluate (CTAS) using the Charts
April 18, 2024, 14:10 pm ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CTAS
- Buy CTAS slightly over 643.72 target 676.13 stop loss @ 641.86 Details
The technical summary data tells us to buy CTAS near 643.72 with an upside target of 676.13. This data also tells us to set a stop loss @ 641.86 to protect against excessive loss in case the stock begins to move against the trade. 643.72 is the first level of support below 664.65 , and by rule, any test of support is a buy signal. In this case, support 643.72 is being tested, a buy signal would exist.
- Short CTAS slightly under 676.13, target 643.72, stop loss @ 678.08 Details
The technical summary data is suggesting a short of CTAS as it gets near 676.13 with a downside target of 643.72. We should have a stop loss in place at 678.08though. 676.13 is the first level of resistance above 664.65, and by rule, any test of resistance is a short signal. In this case, if resistance 676.13 is being tested, a short signal would exist.
Swing Trading Plans for CTAS
- Buy CTAS slightly over 671.38, target 676.13, Stop Loss @ 669.44 Details
If 671.38 begins to break higher, the technical summary data tells us to buy CTAS just slightly over 671.38, with an upside target of 676.13. The data also tells us to set a stop loss @ 669.44 in case the stock turns against the trade. 671.38 is the first level of resistance above 664.65, and by rule, any break above resistance is a buy signal. In this case, 671.38, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short CTAS slightly near 671.38, target 662.45, Stop Loss @ 673.32. Details
The technical summary data is suggesting a short of CTAS if it tests 671.38 with a downside target of 662.45. We should have a stop loss in place at 673.32 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 671.38, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for CTAS
- Buy CTAS slightly over 670.28, target 671.38, Stop Loss @ 668.72 Details
If 670.28 begins to break higher, the technical summary data tells us to buy CTAS just slightly over 670.28, with an upside target of 671.38. The data also tells us to set a stop loss @ 668.72 in case the stock turns against the trade. 670.28 is the first level of resistance above 664.65, and by rule, any break above resistance is a buy signal. In this case, 670.28, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short CTAS slightly near 670.28, target 664.54, Stop Loss @ 671.84. Details
The technical summary data is suggesting a short of CTAS if it tests 670.28 with a downside target of 664.54. We should have a stop loss in place at 671.84 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 670.28, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Cintas Corporation (CTAS) available here: CTAS.
CTAS Ratings for April 18:
Term → | Near |
Mid |
Long |
Rating |
Neutral |
Neutral |
Strong |
P1 |
0 |
0 |
612.12 |
P2 |
664.54 |
662.45 |
643.72 |
P3 |
670.28 |
671.38 |
676.13 |
AI Generated Signals for CTAS
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Cintas Corporation (NASDAQ: CTAS) report below can help you understand how to do this. The trading plans for CTAS, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for CTAS: