CPRT Technical Analysis - COPART INC

Technical Rating and Analysis

Taking everything into account, CPRT scores 0 out of 10 in our technical rating. CPRT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, CPRT is a bad performer in the overall market: 81% of all stocks are doing better.

CPRT is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

CPRT is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

CPRT has an average volume of 6977500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

CPRT is an average performer in the Commercial Services & Supplies industry, it outperforms 44% of 82 stocks in the same industry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

CPRT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 44.33, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

43.43

64.02

When analyzing the support we notice one important area.

A support zone ranging from 43.87 to 44.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We can see 4 important resistance areas.

Resistance @48.97 from a horizontal line in the weekly time frame.
A resistance zone ranging from 49.98 to 50.50. This zone is formed by a combination of multiple trend lines in the daily time frame.
Resistance @52.88 from a horizontal line in the weekly time frame.
Resistance @63.39 from a horizontal line in the weekly time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for CPRT is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for CPRT is down.
ChartMill Relative Strength	19.87	NEGATIVE	CPRT has a low relative strength, it was outperformed by 80.13% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of CPRT is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of CPRT is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of CPRT is below a declining SMA(200).
Relative Strength Index/RSI (14)	42.09	NEUTRAL	The RSI value for CPRT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.07	POSITIVE	The MACD value suggests CPRT has a positive trend.
Stochastics (14,3)	38.22	NEUTRAL	The Stochastics value for CPRT is a neutral value.
Average True Range in percent/ATR (20)	1.84	LOW VOLATILITY	The low ATR as a percentage value for CPRT suggests low volalility.
Average Directional Index/ADX (14)	29.87	POSITIVE	The high ADX value value for CPRT suggests a strong trend.