COPART INC. - Daily - Technical analysis published on 05/13/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
28%
17%
56%
My opinion
Bullish above 52.88 USD
My targets
55.73 USD (+1.90%)
58.07 USD (+6.18%)
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 52.88 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 55.73 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 58.07 USD as an objective. If the support 52.88 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, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2.5
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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 54.69 USD. The price is lower by -0.09% since the last closing with the lowest point at 54.44 USD and the highest point at 55.03 USD. The deviation from the price is +0.46% for the low point and -0.62% for the high point.54.44
55.03
54.69
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by COPART INC.:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of COPART INC. indicates that the overall trend is bullish. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
On the 18 technical indicators analysed, 5 are bullish, 10 are neutral and 3 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
MACD indicator is back under 0
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 46.66 | 51.20 | 52.88 | 54.69 | 55.73 | 58.07 |
| Change (%) | -14.68% | -6.38% | -3.31% | - | +1.90% | +6.18% |
| Change | -8.03 | -3.49 | -1.81 | - | +1.04 | +3.38 |
| Level | Major | Minor | Minor | - | Intermediate | Major |
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 | 53.28 | 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.90 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | -5.49 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 55.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 53.84 | |
| Elder Ray (13): | -0.29 | |
| Super Trend (3,10): | 56.16 | |
| Zig ZAG (10): | 54.71 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 55.81 | |
| TEMA (21): | 54.78 | |
| Williams %R (14): | -57.36 | |
| Chande Momentum Oscillator (20): | -0.51 | |
| Repulse (5,40,3): | -1.7600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 3.25 |
| MA7: | 55.25 | |
| MA20: | 54.68 | |
| MA50: | 55.57 | |
| MA100: | 52.40 | |
| MAexp7: | 55.01 | |
| MAexp20: | 55.05 | |
| MAexp50: | 54.56 | |
| MAexp100: | 52.87 | |
| Price / MA7: | -1.01% | |
| Price / MA20: | +0.02% | |
| Price / MA50: | -1.58% | |
| Price / MA100: | +4.37% | |
| Price / MAexp7: | -0.58% | |
| Price / MAexp20: | -0.65% | |
| Price / MAexp50: | +0.24% | |
| Price / MAexp100: | +3.44% |
Quotes :
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15 min delayed data
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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:
- Copart Appoints Jeff Liaw as CEO and Director and Jay Adair as Executive Chairman
- 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
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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