COPART INC. - 1H - Technical analysis published on 10/09/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 54.15 USD
My targets
56.69 USD (+2.07%)
58.07 USD (+4.56%)
My analysis
The bullish trend is currently very strong on COPART INC.. As long as the price remains above the support at 54.15 USD, you could try to benefit from the boom. The first bullish objective is located at 56.69 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 58.07 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.9
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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 55.54 USD. The price has increased by +2.02% since the last closing with the lowest point at 54.51 USD and the highest point at 55.54 USD. The deviation from the price is +1.89% for the low point and 0% for the high point.54.51
55.54
55.54
A study of price movements over other periods shows the following variations:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of COPART INC. in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish 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, 16 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
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 | 53.52 | 54.15 | 55.54 | 55.54 | 56.69 | 58.07 |
| Change (%) | -3.64% | -2.50% | 0% | - | +2.07% | +4.56% |
| Change | -2.02 | -1.39 | 0 | - | +1.15 | +2.53 |
| Level | Intermediate | 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 | 51.57 | 52.19 | 53.31 | 53.93 | 55.05 | 55.67 | 56.79 |
| Camarilla | 53.96 | 54.12 | 54.28 | 54.44 | 54.60 | 54.76 | 54.92 |
| Woodie | 51.83 | 52.32 | 53.57 | 54.06 | 55.31 | 55.80 | 57.05 |
| Fibonacci | 52.19 | 52.85 | 53.26 | 53.93 | 54.59 | 55.00 | 55.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 50.89 | 51.35 | 52.12 | 52.58 | 53.35 | 53.81 | 54.58 |
| Camarilla | 52.56 | 52.68 | 52.79 | 52.90 | 53.01 | 53.13 | 53.24 |
| Woodie | 51.06 | 51.43 | 52.29 | 52.66 | 53.52 | 53.89 | 54.75 |
| Fibonacci | 51.35 | 51.82 | 52.11 | 52.58 | 53.05 | 53.34 | 53.81 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 42.82 | 45.43 | 48.92 | 51.53 | 55.02 | 57.63 | 61.12 |
| Camarilla | 50.72 | 51.28 | 51.84 | 52.40 | 52.96 | 53.52 | 54.08 |
| Woodie | 43.25 | 45.65 | 49.35 | 51.75 | 55.45 | 57.85 | 61.55 |
| Fibonacci | 45.43 | 47.76 | 49.20 | 51.53 | 53.86 | 55.30 | 57.63 |
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): | 84.21 | |
| MACD (12,26,9): | 0.5900 | |
| Directional Movement: | 37.66 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 54.28 | |
| Parabolic SAR (0,02-0,02-0,2): | 53.46 | |
| Elder Ray (13): | 1.09 | |
| Super Trend (3,10): | 53.94 | |
| Zig ZAG (10): | 55.19 | |
| VORTEX (21): | 1.3200 | |
| Stochastique (14,3,5): | 97.72 | |
| TEMA (21): | 54.68 | |
| Williams %R (14): | -0.92 | |
| Chande Momentum Oscillator (20): | 2.47 | |
| Repulse (5,40,3): | 2.2100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 6.37 |
| MA7: | 53.23 | |
| MA20: | 51.99 | |
| MA50: | 51.61 | |
| MA100: | 52.57 | |
| MAexp7: | 54.42 | |
| MAexp20: | 53.61 | |
| MAexp50: | 52.95 | |
| MAexp100: | 52.43 | |
| Price / MA7: | +4.34% | |
| Price / MA20: | +6.83% | |
| Price / MA50: | +7.61% | |
| Price / MA100: | +5.65% | |
| Price / MAexp7: | +2.06% | |
| Price / MAexp20: | +3.60% | |
| Price / MAexp50: | +4.89% | |
| Price / MAexp100: | +5.93% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on COPART INC. at the time of the analysis were as follows:
- Hi Marley, Copart, and Plymouth Rock Assurance, Named a 2024 Insurance Luminary by PropertyCasualty360 for Total Loss Assist Innovation
- 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
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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