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Diversified Support Services Industry Stocks Technical Analysis - CPRTArchive
- 11/15/2024 -
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Copart (CPRT) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second positive week after 3 consecutive negative weeks for the Copart (CPRT). During the week, the CPRT climbed 0.55 points, or 0.98%, and closed at 56.67 on Friday, November 15, 2024. Weekly volume was -31% below average.
CPRT is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See CPRT long-term trend chart]
A long-term downtrend had started on November 16, 2021 at 161.12 and reached 42.41 on October 3, 2023. CPRT lost 118.71 points, or 73.68%, in 98 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (25.77) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. CPRT may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See CPRT medium-term trend chart]
A medium-term uptrend had started on September 11, 2024 at 48.05 and reached 58.16 on November 14, 2024. CPRT gained -10.11 points, or -21.04%, in 9 weeks. The price is now at the 14.74% retracement level.
 Weekly Technical Indicators: [See CPRT weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 Williams' Percentage Range help.
The weekly MACD line is above its signal line since September 27, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 November 1, 2024 at 51.00 and reached 58.16 on November 14, 2024. CPRT gained -7.16 points, or -14.04%, in 13 days. The price is now at the 20.81% retracement level.
 Daily Technical Indicators: [See CPRT daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since November 5, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Industrials |
10 |
| Industry |
Diversified Support Services |
26 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
58.16 |
| High Date |
11/14/2024 |
| Low |
56.46 |
| Low Date |
11/15/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
51.00 |
| Low Date |
11/01/2024 |
| High |
58.16 |
| High Date |
11/14/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
48.05 |
| Low Date |
09/11/2024 |
| High |
58.16 |
| High Date |
11/14/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
58.58 |
| High Date |
04/01/2024 |
| Low |
48.05 |
| Low Date |
09/11/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Broken Resistance |
| Resistance |
33.75 |
| Support |
25.77 |
| High |
161.12 |
| High Date |
11/16/2021 |
| Low |
42.41 |
| Low Date |
10/03/2023 |
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