COPART INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	CPRT
ISIN:

COPART INC. - 1H - Technical analysis published on 03/19/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

22%

33%

44%

My opinion

Bullish above 53.70 USD

My targets

56.96 USD (+1.55%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on COPART INC.. As long as you are above the support located at 53.70 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 56.96 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. If the support 53.70 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

2.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The COPART INC. price is 56.09 USD. The price registered a decrease of -0.07% on the session and was between 56.04 USD and 56.77 USD. This implies that the price is at +0.09% from its lowest and at -1.20% from its highest.

56.04

56.77

56.09

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of COPART INC. indicates that the overall trend is bullish. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

On the 18 technical indicators analysed, 4 are bullish, 8 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	51.20	53.70	56.00	56.09	56.96
Change (%)	-8.72%	-4.26%	-0.16%	-	+1.55%
Change	-4.89	-2.39	-0.09	-	+0.87
Level	Intermediate	Intermediate	Intermediate	-	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	55.09	55.54	55.84	56.29	56.59	57.04	57.34
Camarilla	55.92	55.99	56.06	56.13	56.20	56.27	56.34
Woodie	55.01	55.50	55.76	56.25	56.51	57.00	57.26
Fibonacci	55.54	55.83	56.01	56.29	56.58	56.76	57.04

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	50.99	52.35	54.24	55.60	57.49	58.85	60.74
Camarilla	55.24	55.53	55.83	56.13	56.43	56.73	57.02
Woodie	51.26	52.48	54.51	55.73	57.76	58.98	61.01
Fibonacci	52.35	53.59	54.36	55.60	56.84	57.61	58.85

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	44.36	46.21	49.68	51.53	55.00	56.85	60.32
Camarilla	51.69	52.18	52.66	53.15	53.64	54.13	54.61
Woodie	45.17	46.62	50.49	51.94	55.81	57.26	61.13
Fibonacci	46.21	48.24	49.50	51.53	53.56	54.82	56.85

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	48.74
MACD (12,26,9):	0.1700
Directional Movement:	-2.30
AROON (14):	42.85
DEMA (21):	56.54
Parabolic SAR (0,02-0,02-0,2):	56.77
Elder Ray (13):	-0.09
Super Trend (3,10):	55.64
Zig ZAG (10):	56.09
VORTEX (21):	0.9500
Stochastique (14,3,5):	38.96
TEMA (21):	56.40
Williams %R (14):	-88.31
Chande Momentum Oscillator (20):	-0.20
Repulse (5,40,3):	-0.8200
ROCnROLL:	-1
TRIX (15,9):	0.0700
Courbe Coppock:	0.47

MA7:	55.65
MA20:	53.54
MA50:	50.76
MA100:	49.37
MAexp7:	56.32
MAexp20:	56.25
MAexp50:	55.69
MAexp100:	54.63
Price / MA7:	+0.79%
Price / MA20:	+4.76%
Price / MA50:	+10.50%
Price / MA100:	+13.61%
Price / MAexp7:	-0.41%
Price / MAexp20:	-0.28%
Price / MAexp50:	+0.72%
Price / MAexp100:	+2.67%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The latest news and videos published on COPART INC. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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