COPART INC. - Daily - Technical analysis published on 11/22/2024 (GMT)
- 119
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : WITHOUT TARGET
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 58.07 USD
My targets
-
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on COPART INC. as long as the price remains well above 58.07 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
9.1
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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 61.94 USD. On the day, this instrument gained +8.86% with the lowest point at 59.05 USD and the highest point at 62.75 USD. The deviation from the price is +4.89% for the low point and -1.29% for the high point.59.05
62.75
61.94
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of COPART INC. in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 55.92 | 56.69 | 58.07 | 61.94 |
| Change (%) | -9.72% | -8.48% | -6.25% | - |
| Change | -6.02 | -5.25 | -3.87 | - |
| Level | Major | Intermediate | Major | - |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 53.94 | 54.64 | 55.77 | 56.47 | 57.60 | 58.30 | 59.43 |
| Camarilla | 56.40 | 56.57 | 56.73 | 56.90 | 57.07 | 57.24 | 57.40 |
| Woodie | 54.16 | 54.75 | 55.99 | 56.58 | 57.82 | 58.41 | 59.65 |
| Fibonacci | 54.64 | 55.34 | 55.77 | 56.47 | 57.17 | 57.60 | 58.30 |
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): | 77.16 | |
| MACD (12,26,9): | 1.4700 | |
| Directional Movement: | 34.55 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 57.76 | |
| Parabolic SAR (0,02-0,02-0,2): | 55.13 | |
| Elder Ray (13): | 4.07 | |
| Super Trend (3,10): | 56.27 | |
| Zig ZAG (10): | 62.35 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 79.47 | |
| TEMA (21): | 58.62 | |
| Williams %R (14): | -4.13 | |
| Chande Momentum Oscillator (20): | 6.90 | |
| Repulse (5,40,3): | 6.2700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2800 | |
| Courbe Coppock: | 19.20 |
| MA7: | 57.38 | |
| MA20: | 55.28 | |
| MA50: | 53.78 | |
| MA100: | 52.83 | |
| MAexp7: | 57.85 | |
| MAexp20: | 56.02 | |
| MAexp50: | 54.37 | |
| MAexp100: | 53.52 | |
| Price / MA7: | +7.95% | |
| Price / MA20: | +12.05% | |
| Price / MA50: | +15.17% | |
| Price / MA100: | +17.24% | |
| Price / MAexp7: | +7.07% | |
| Price / MAexp20: | +10.57% | |
| Price / MAexp50: | +13.92% | |
| Price / MAexp100: | +15.73% |
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:
- Copart Reports First Quarter Fiscal 2025 Financial Results
- Copart, Inc. to Release First Quarter Fiscal 2025 Results
- 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
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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