Taking everything into account, CPRT scores 1 out of 10 in our technical rating. CPRT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, CPRT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 39.31. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 39.19, a Stop Loss order could be placed below this zone.
More info and screens
38.02
When analyzing the support we notice one important area.
- A support zone ranging from 38.40 to 39.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 39.31 to 39.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @50.50 from a horizontal line 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.
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 | 14.43 | NEGATIVE | CPRT has a low relative strength, it was outperformed by 85.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CPRT is above the rising 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) | 45.3 | NEUTRAL | The RSI value for CPRT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests CPRT has a positive trend. |
| Stochastics (14,3) | 73.5 | NEUTRAL | The Stochastics value for CPRT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.47 | LOW VOLATILITY | The low ATR as a percentage value for CPRT suggests low volalility. |
| Average Directional Index/ADX (14) | 22.14 | NEUTRAL | The ADX value for CPRT suggests a possible start of a new trend. |
39.3
+0.2 (+0.51%)
COPART INC / CPRT FAQ
What is the ChartMill technical rating of COPART INC (CPRT) stock?
ChartMill assigns a technical rating of 1 / 10 to CPRT.
Can you provide the trend direction for COPART INC?
The current trend direction for COPART INC (CPRT) is Bearish.
What is the RSI signal for CPRT stock?
COPART INC (CPRT) has an RSI value of 45.3038. This indicates that the stock is currently neutral.
What is the MACD signal for CPRT stock?
The MACD indicator for COPART INC (CPRT) has a value of 0.204565, indicating a bearish trend.
What are the support and resistance levels for COPART INC (CPRT) stock?
COPART INC (CPRT) has a support level at 39.19 and a resistance level at 39.31. Check the full technical report for our detailed analysis of CPRT support and resistance levels.