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 05/13/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

17%

56%

28%

My opinion

Bearish under 55.73 USD

My targets

54.33 USD (-0.62%)

53.65 USD (-1.87%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on COPART INC. as long as the price remains well below 55.73 USD. The sellers' bearish objective is set at 54.33 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 53.65 USD. In case of crossing, the next objective would be the support located at 52.88 USD.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

4.5

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 54.67 USD. The price is lower by -0.13% since the last closing and was between 54.44 USD and 55.03 USD. This implies that the price is at +0.42% from its lowest and at -0.65% from its highest.

54.44

55.03

54.67

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:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this COPART INC. chart shows a bearish trend. The signals given by moving averages are 64.29% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : 1 hour

Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

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

Near support of channel

Type : Bullish

Timeframe : 1 hour

Near support of triangle

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	52.88	53.65	54.33	54.67	54.91	55.73	56.95
Change (%)	-3.27%	-1.87%	-0.62%	-	+0.44%	+1.94%	+4.17%
Change	-1.79	-1.02	-0.34	-	+0.24	+1.06	+2.28
Level	Minor	Intermediate	Minor	-	Intermediate	Intermediate	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	53.28	53.98	54.36	55.06	55.44	56.14	56.52
Camarilla	54.44	54.54	54.64	54.74	54.84	54.94	55.04
Woodie	53.12	53.90	54.20	54.98	55.28	56.06	56.36
Fibonacci	53.98	54.39	54.65	55.06	55.47	55.73	56.14

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	52.84	53.76	54.25	55.17	55.66	56.58	57.07
Camarilla	54.35	54.48	54.61	54.74	54.87	55.00	55.13
Woodie	52.63	53.65	54.04	55.06	55.45	56.47	56.86
Fibonacci	53.76	54.30	54.63	55.17	55.71	56.04	56.58

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	45.45	48.93	51.62	55.10	57.79	61.27	63.96
Camarilla	52.61	53.18	53.74	54.31	54.88	55.44	56.01
Woodie	45.06	48.73	51.23	54.90	57.40	61.07	63.57
Fibonacci	48.93	51.29	52.74	55.10	57.46	58.91	61.27

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):	38.87
MACD (12,26,9):	-0.1600
Directional Movement:	-12.65
AROON (14):	-50.00
DEMA (21):	54.96
Parabolic SAR (0,02-0,02-0,2):	55.54
Elder Ray (13):	-0.25
Super Trend (3,10):	55.54
Zig ZAG (10):	54.75
VORTEX (21):	0.8200
Stochastique (14,3,5):	14.86
TEMA (21):	54.76
Williams %R (14):	-78.41
Chande Momentum Oscillator (20):	-0.62
Repulse (5,40,3):	-0.7400
ROCnROLL:	2
TRIX (15,9):	-0.0200
Courbe Coppock:	1.69

MA7:	55.25
MA20:	54.68
MA50:	55.57
MA100:	52.40
MAexp7:	54.87
MAexp20:	55.13
MAexp50:	55.19
MAexp100:	55.16
Price / MA7:	-1.05%
Price / MA20:	-0.02%
Price / MA50:	-1.62%
Price / MA100:	+4.33%
Price / MAexp7:	-0.36%
Price / MAexp20:	-0.83%
Price / MAexp50:	-0.94%
Price / MAexp100:	-0.89%

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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