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Archive
- 3/21/2025 -
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Copart (CPRT) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week after 4 consecutive negative weeks for the Copart (CPRT). During the week, the CPRT gained 1.04 points, or 1.98%, and closed at 53.69 on Friday, March 21, 2025. Weekly volume was -13% below average.
 Long-term trend: [See CPRT long-term trend chart]
A long-term uptrend had started on October 3, 2023 at 42.41 and reached 64.38 on November 27, 2024. CPRT gained -21.97 points, or -51.80%, in 60 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 51.18 and resistance is at 67.00. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See CPRT medium-term trend chart]
A medium-term downtrend had started on November 27, 2024 at 64.38 and reached 51.97 on March 14, 2025. CPRT lost 12.41 points, or 19.28%, in 15 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 51.47 and resistance is at 58.16. 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 Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since February 14, 2025. 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 downtrend had started on February 13, 2025 at 60.07 and reached 51.97 on March 14, 2025. CPRT lost 8.10 points, or 13.48%, in 29 days. The chart has formed a Symmetric Triangle chart pattern.
 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. Use the following link to access Lane's Stochastic help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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.
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