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 04/17/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

39%

44%

My opinion

Bearish under 56.24 USD

My targets

53.71 USD (-1.14%)

51.20 USD (-5.76%)

My analysis

COPART INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 56.24 USD. The next support located at 53.71 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 51.20 USD. Below this support, sellers could then target 48.52 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

6.8

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

COPART INC. rating 54.33 USD. The price registered a decrease of -0.09% on the session with the lowest point at 54.31 USD and the highest point at 54.76 USD. The deviation from the price is +0.04% for the low point and -0.79% for the high point.

54.31

54.76

54.33

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

Here is a more detailed summary of the historical variations registered by COPART INC.:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of COPART INC. indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, only 7 technical indicators out of 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	48.52	51.20	53.71	54.33	54.56	56.24	56.69
Change (%)	-10.69%	-5.76%	-1.14%	-	+0.42%	+3.52%	+4.34%
Change	-5.81	-3.13	-0.62	-	+0.23	+1.91	+2.36
Level	Minor	Minor	Intermediate	-	Minor	Intermediate	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	53.62	53.97	54.18	54.53	54.74	55.09	55.30
Camarilla	54.23	54.28	54.33	54.38	54.43	54.48	54.53
Woodie	53.54	53.94	54.10	54.50	54.66	55.06	55.22
Fibonacci	53.97	54.19	54.32	54.53	54.75	54.88	55.09

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	52.92	53.99	54.69	55.76	56.46	57.53	58.23
Camarilla	54.89	55.06	55.22	55.38	55.54	55.71	55.87
Woodie	52.73	53.90	54.50	55.67	56.27	57.44	58.04
Fibonacci	53.99	54.67	55.09	55.76	56.44	56.86	57.53

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	48.86	50.77	54.34	56.25	59.82	61.73	65.30
Camarilla	56.41	56.92	57.42	57.92	58.42	58.93	59.43
Woodie	49.70	51.19	55.18	56.67	60.66	62.15	66.14
Fibonacci	50.77	52.86	54.15	56.25	58.34	59.63	61.73

Numerical data

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

Technical indicators

Moving averages

RSI (14):	37.46
MACD (12,26,9):	-0.3500
Directional Movement:	-12.38
AROON (14):	-64.29
DEMA (21):	54.40
Parabolic SAR (0,02-0,02-0,2):	55.51
Elder Ray (13):	-0.16
Super Trend (3,10):	55.53
Zig ZAG (10):	54.46
VORTEX (21):	0.8000
Stochastique (14,3,5):	14.31
TEMA (21):	54.34
Williams %R (14):	-88.56
Chande Momentum Oscillator (20):	-0.23
Repulse (5,40,3):	-0.5200
ROCnROLL:	2
TRIX (15,9):	-0.0900
Courbe Coppock:	2.86

MA7:	55.38
MA20:	56.51
MA50:	54.16
MA100:	51.45
MAexp7:	54.54
MAexp20:	54.88
MAexp50:	55.50
MAexp100:	55.94
Price / MA7:	-1.90%
Price / MA20:	-3.86%
Price / MA50:	+0.31%
Price / MA100:	+5.60%
Price / MAexp7:	-0.39%
Price / MAexp20:	-1.00%
Price / MAexp50:	-2.11%
Price / MAexp100:	-2.88%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

Don't forget to follow the news on COPART INC.. At the time of publication of this analysis, the latest news was as follows:

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

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