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Advanced TA SearchArchive
- 3/20/2020 -
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Copart (CPRT) |
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Copart (CPRT). During the week, the CPRT dropped -13.69 points, or -18.54%, and closed at 60.15 on Friday, March 20, 2020. Weekly volume was 90% above average.
 Long-term trend: [See CPRT long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 59.74 and reached 73.47 on March 20, 2020. CPRT gained -13.73 points, or -22.98%, in 0 weeks. Price is near the lowest trend level.
 Medium-term trend: [See CPRT medium-term trend chart]
A medium-term downtrend had started on February 19, 2020 at 104.88 and reached 59.74 on March 18, 2020. CPRT lost 45.14 points, or 43.04%, in 4 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 53.72 and resistance is at 64.59. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See CPRT weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since December 13, 2019. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
Short-term trend: [See CPRT short-term trend chart]
A short-term uptrend had started on March 18, 2020 at 59.74 and reached 73.47 on March 20, 2020. CPRT gained -13.73 points, or -22.98%, in 2 days. Price is near the lowest trend level.
Daily Technical Indicators: [See CPRT daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since February 6, 2020.
A Parabolic SAR (stop and reversal) indicator (60.23) comes close to the price (60.15). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
The price touches the lower Bollinger Band. The distance between the Bollinger Bands is 376.01% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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