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 11/19/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bearish

Underlying: Bullish

Technical indicators

22%

50%

28%

My opinion

Bullish above 55.92 USD

My targets

57.24 USD (+1.11%)

58.07 USD (+2.58%)

My analysis

With a bullish background trend, the price of COPART INC. is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 55.92 USD. A bullish break in the resistance located at 57.24 USD would boost the bullish momentum and fuel the basic trend. Then the price could move towards 58.07 USD. PS: if there is a bearish break in the support located at 55.92 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

0.2

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.

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Additional analysis

Quotes

The COPART INC. rating is 56.61 USD. On the day, this instrument lost -0.04% and was between 56.17 USD and 56.70 USD. This implies that the price is at +0.78% from its lowest and at -0.16% from its highest.

56.17

56.70

56.61

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 1H chart of COPART INC. indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. Caution: the current slightly bearish signals from short-term moving averages indicate that the overall trend may be slowing down. 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 to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

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 support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	53.52	54.98	55.92	56.61	56.69	57.24	58.07
Change (%)	-5.46%	-2.88%	-1.22%	-	+0.14%	+1.11%	+2.58%
Change	-3.09	-1.63	-0.69	-	+0.08	+0.63	+1.46
Level	Minor	Minor	Intermediate	-	Intermediate	Minor	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	55.88	56.21	56.42	56.75	56.96	57.29	57.50
Camarilla	56.48	56.53	56.58	56.63	56.68	56.73	56.78
Woodie	55.82	56.18	56.36	56.72	56.90	57.26	57.44
Fibonacci	56.21	56.42	56.54	56.75	56.96	57.08	57.29

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	53.97	55.10	55.89	57.02	57.81	58.94	59.73
Camarilla	56.14	56.32	56.49	56.67	56.85	57.02	57.20
Woodie	53.79	55.02	55.71	56.94	57.63	58.86	59.55
Fibonacci	55.10	55.84	56.29	57.02	57.76	58.21	58.94

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	43.87	47.45	49.46	53.04	55.05	58.63	60.64
Camarilla	49.93	50.45	50.96	51.47	51.98	52.50	53.01
Woodie	43.09	47.06	48.68	52.65	54.27	58.24	59.86
Fibonacci	47.45	49.59	50.91	53.04	55.18	56.50	58.63

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):	44.43
MACD (12,26,9):	-0.1200
Directional Movement:	-13.73
AROON (14):	-42.86
DEMA (21):	56.75
Parabolic SAR (0,02-0,02-0,2):	56.90
Elder Ray (13):	-0.25
Super Trend (3,10):	57.34
Zig ZAG (10):	56.64
VORTEX (21):	0.8000
Stochastique (14,3,5):	32.30
TEMA (21):	56.42
Williams %R (14):	-54.95
Chande Momentum Oscillator (20):	-0.11
Repulse (5,40,3):	0.1200
ROCnROLL:	-1
TRIX (15,9):	-0.0200
Courbe Coppock:	1.70

MA7:	57.02
MA20:	54.28
MA50:	53.28
MA100:	52.70
MAexp7:	56.66
MAexp20:	56.86
MAexp50:	56.57
MAexp100:	55.64
Price / MA7:	-0.72%
Price / MA20:	+4.29%
Price / MA50:	+6.25%
Price / MA100:	+7.42%
Price / MAexp7:	-0.09%
Price / MAexp20:	-0.44%
Price / MAexp50:	+0.07%
Price / MAexp100:	+1.74%

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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