COPART INC. - 1H - Technical analysis published on 01/14/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 56.20 USD
My targets
53.46 USD (-3.90%)
52.18 USD (-6.20%)
My analysis
The bearish trend is currently very strong for COPART INC.. As long as the price remains below the resistance at 56.20 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 53.46 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 52.18 USD as an objective. Crossing it would then enable sellers to target 49.21 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.1
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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. rating is 55.63 USD. The price registered a decrease of -0.02% on the session and was traded between 55.12 USD and 55.82 USD over the period. The price is currently at +0.93% from its lowest and -0.34% from its highest.55.12
55.82
55.63
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by COPART INC.:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of COPART INC. indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. 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.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 52.18 | 53.46 | 55.48 | 55.63 | 56.20 | 58.07 | 59.17 |
| Change (%) | -6.20% | -3.90% | -0.27% | - | +1.02% | +4.39% | +6.36% |
| Change | -3.45 | -2.17 | -0.15 | - | +0.57 | +2.44 | +3.54 |
| Level | Minor | Minor | Major | - | Minor | Major | Intermediate |
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 | 54.32 | 54.85 | 55.24 | 55.77 | 56.16 | 56.69 | 57.08 |
| Camarilla | 55.39 | 55.47 | 55.56 | 55.64 | 55.72 | 55.81 | 55.89 |
| Woodie | 54.26 | 54.82 | 55.18 | 55.74 | 56.10 | 56.66 | 57.02 |
| Fibonacci | 54.85 | 55.20 | 55.42 | 55.77 | 56.12 | 56.34 | 56.69 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 53.06 | 54.21 | 54.93 | 56.08 | 56.80 | 57.95 | 58.67 |
| Camarilla | 55.13 | 55.30 | 55.47 | 55.64 | 55.81 | 55.98 | 56.15 |
| Woodie | 52.84 | 54.10 | 54.71 | 55.97 | 56.58 | 57.84 | 58.45 |
| Fibonacci | 54.21 | 54.93 | 55.37 | 56.08 | 56.80 | 57.24 | 57.95 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.06 | 53.12 | 55.26 | 59.32 | 61.46 | 65.52 | 67.66 |
| Camarilla | 55.69 | 56.25 | 56.82 | 57.39 | 57.96 | 58.53 | 59.10 |
| Woodie | 48.09 | 52.64 | 54.29 | 58.84 | 60.49 | 65.04 | 66.69 |
| Fibonacci | 53.12 | 55.49 | 56.96 | 59.32 | 61.69 | 63.16 | 65.52 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 41.25 | |
| MACD (12,26,9): | -0.3200 | |
| Directional Movement: | -9.94 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 55.45 | |
| Parabolic SAR (0,02-0,02-0,2): | 55.13 | |
| Elder Ray (13): | -0.09 | |
| Super Trend (3,10): | 56.34 | |
| Zig ZAG (10): | 55.63 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 34.66 | |
| TEMA (21): | 55.40 | |
| Williams %R (14): | -56.41 | |
| Chande Momentum Oscillator (20): | -0.18 | |
| Repulse (5,40,3): | 0.4600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 3.47 |
| MA7: | 56.30 | |
| MA20: | 58.27 | |
| MA50: | 58.38 | |
| MA100: | 55.33 | |
| MAexp7: | 55.60 | |
| MAexp20: | 55.87 | |
| MAexp50: | 56.50 | |
| MAexp100: | 57.41 | |
| Price / MA7: | -1.19% | |
| Price / MA20: | -4.53% | |
| Price / MA50: | -4.71% | |
| Price / MA100: | +0.54% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | -0.43% | |
| Price / MAexp50: | -1.54% | |
| Price / MAexp100: | -3.10% |
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 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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