CPRT Technical Analysis - COPART INC

Technical Rating and Analysis

Overall CPRT gets a technical rating of 0 out of 10. 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: 83% of all stocks are doing better.

CPRT is part of the Commercial Services & Supplies industry. There are 84 other stocks in this industry, of which 60% are performing better than CPRT.

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.

In the last month CPRT has a been trading in the 44.67 - 50.11 range, which is quite wide. It is currently trading near the lows of this range.

CPRT has an average volume of 6951630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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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 poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

44.41

64.02

We found 1 important support area.

A support zone ranging from 44.86 to 44.86. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 5 important areas.

A resistance zone ranging from 47.01 to 47.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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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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	17	NEGATIVE	CPRT has a low relative strength, it was outperformed by 83% 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)	33.63	NEUTRAL	The RSI value for CPRT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.33	NEGATIVE	The MACD value suggests CPRT has a negative trend, although the MACD value is rising.
Stochastics (14,3)	6.59	OVERSOLD	The low Stochastics value suggests CPRT may be oversold.
Average True Range in percent/ATR (20)	2.58	MEDIUM VOLATILITY	The ATR as a percentage value for CPRT suggests some volalility.
Average Directional Index/ADX (14)	26.85	POSITIVE	The high ADX value value for CPRT suggests a strong trend.