COPART INC. - Daily - Technical analysis published on 12/29/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 46.87 USD
My targets
49.87 USD (+1.98%)
51.20 USD (+4.70%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on COPART INC. as long as the price remains well above 46.87 USD. The buyers' bullish objective is set at 49.87 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 51.20 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
COPART INC. rating 48.90 USD. On the day, this instrument lost -0.02% with the lowest point at 48.60 USD and the highest point at 49.08 USD. The deviation from the price is +0.62% for the low point and -0.37% for the high point.48.60
49.08
48.90
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 Daily chart of COPART INC. indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 42.69 | 44.64 | 46.87 | 48.90 | 49.87 | 51.20 |
| Change (%) | -12.70% | -8.71% | -4.15% | - | +1.98% | +4.70% |
| Change | -6.21 | -4.26 | -2.03 | - | +0.97 | +2.30 |
| Level | Major | Minor | Major | - | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 48.30 | 48.53 | 48.72 | 48.95 | 49.14 | 49.37 | 49.56 |
| Camarilla | 48.80 | 48.83 | 48.87 | 48.91 | 48.95 | 48.99 | 49.03 |
| Woodie | 48.28 | 48.52 | 48.70 | 48.94 | 49.12 | 49.36 | 49.54 |
| Fibonacci | 48.53 | 48.69 | 48.79 | 48.95 | 49.11 | 49.21 | 49.37 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.10 | 47.00 | 47.90 | 48.80 | 49.70 | 50.60 | 51.50 |
| Camarilla | 48.32 | 48.48 | 48.65 | 48.81 | 48.98 | 49.14 | 49.31 |
| Woodie | 46.11 | 47.00 | 47.91 | 48.80 | 49.71 | 50.60 | 51.51 |
| Fibonacci | 47.00 | 47.68 | 48.11 | 48.80 | 49.48 | 49.91 | 50.60 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36.16 | 39.49 | 44.86 | 48.19 | 53.56 | 56.89 | 62.26 |
| Camarilla | 47.83 | 48.63 | 49.42 | 50.22 | 51.02 | 51.82 | 52.61 |
| Woodie | 37.17 | 40.00 | 45.87 | 48.70 | 54.57 | 57.40 | 63.27 |
| Fibonacci | 39.49 | 42.82 | 44.87 | 48.19 | 51.52 | 53.57 | 56.89 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.48 | |
| MACD (12,26,9): | 0.1300 | |
| Directional Movement: | 4.33 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 49.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 48.17 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 50.24 | |
| Zig ZAG (10): | 48.93 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 53.66 | |
| TEMA (21): | 48.64 | |
| Williams %R (14): | -56.93 | |
| Chande Momentum Oscillator (20): | -0.50 | |
| Repulse (5,40,3): | -0.2100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 0.23 |
| MA7: | 48.69 | |
| MA20: | 48.76 | |
| MA50: | 47.80 | |
| MA100: | 46.05 | |
| MAexp7: | 48.82 | |
| MAexp20: | 48.80 | |
| MAexp50: | 47.97 | |
| MAexp100: | 46.44 | |
| Price / MA7: | +0.43% | |
| Price / MA20: | +0.29% | |
| Price / MA50: | +2.30% | |
| Price / MA100: | +6.19% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +0.20% | |
| Price / MAexp50: | +1.94% | |
| Price / MAexp100: | +5.30% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on COPART INC. at the time of the generation of this analysis was as follows:
- Copart Announces Investment in Heavy Equipment Auction Company Purple Wave
- Hi Marley and Copart Announce Strategic Partnership to Support Auto Insurers
- Copart, Inc. Announces a Two-for-One Stock Split
- Copart, Inc. to Present at Baird’s Global Consumer, Technology & Services Conference
- Copart Reports Third Quarter Fiscal 2023 Financial Results
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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