COPART INC. - 1H - Technical analysis published on 01/18/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 47.37 USD
My targets
48.43 USD (+1.45%)
49.00 USD (+2.64%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on COPART INC. as long as the price remains well above 47.37 USD. The buyers' bullish objective is set at 48.43 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 49.00 USD. If there is any crossing, the next objective would be the resistance located at 50.22 USD.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
3.8
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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 47.74 USD. On the day, this instrument lost -0.02% with the lowest point at 47.59 USD and the highest point at 48.20 USD. The deviation from the price is +0.32% for the low point and -0.95% for the high point.47.59
48.20
47.74
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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:
New HIGH record (1st january)
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 slightly bullish. 53.57% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 46.21 | 46.87 | 47.37 | 47.74 | 47.89 | 48.43 | 49.00 |
| Change (%) | -3.20% | -1.82% | -0.78% | - | +0.31% | +1.45% | +2.64% |
| Change | -1.53 | -0.87 | -0.37 | - | +0.15 | +0.69 | +1.26 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Major |
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 | 46.70 | 47.00 | 47.38 | 47.68 | 48.06 | 48.36 | 48.74 |
| Camarilla | 47.56 | 47.63 | 47.69 | 47.75 | 47.81 | 47.88 | 47.94 |
| Woodie | 46.73 | 47.02 | 47.41 | 47.70 | 48.09 | 48.38 | 48.77 |
| Fibonacci | 47.00 | 47.26 | 47.42 | 47.68 | 47.94 | 48.10 | 48.36 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 44.98 | 45.74 | 46.65 | 47.41 | 48.32 | 49.08 | 49.99 |
| Camarilla | 47.11 | 47.26 | 47.42 | 47.57 | 47.72 | 47.88 | 48.03 |
| Woodie | 45.07 | 45.78 | 46.74 | 47.45 | 48.41 | 49.12 | 50.08 |
| Fibonacci | 45.74 | 46.38 | 46.77 | 47.41 | 48.05 | 48.44 | 49.08 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 44.04 | 45.56 | 47.28 | 48.80 | 50.52 | 52.04 | 53.76 |
| Camarilla | 48.11 | 48.41 | 48.70 | 49.00 | 49.30 | 49.59 | 49.89 |
| Woodie | 44.14 | 45.61 | 47.38 | 48.85 | 50.62 | 52.09 | 53.86 |
| Fibonacci | 45.56 | 46.80 | 47.56 | 48.80 | 50.04 | 50.80 | 52.04 |
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): | 51.13 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | 7.09 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 47.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 47.33 | |
| Elder Ray (13): | 0.08 | |
| Super Trend (3,10): | 48.18 | |
| Zig ZAG (10): | 47.69 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 60.52 | |
| TEMA (21): | 47.72 | |
| Williams %R (14): | -49.10 | |
| Chande Momentum Oscillator (20): | 0.18 | |
| Repulse (5,40,3): | 0.2100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.32 |
| MA7: | 47.72 | |
| MA20: | 47.91 | |
| MA50: | 48.62 | |
| MA100: | 46.49 | |
| MAexp7: | 47.71 | |
| MAexp20: | 47.64 | |
| MAexp50: | 47.58 | |
| MAexp100: | 47.74 | |
| Price / MA7: | +0.04% | |
| Price / MA20: | -0.35% | |
| Price / MA50: | -1.81% | |
| Price / MA100: | +2.69% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.21% | |
| Price / MAexp50: | +0.34% | |
| Price / MAexp100: | -0% |
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, Inc. Announces Senior Leadership Appointments
- 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
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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