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Uptrend ExhaustionArchive
- 5/2/2025 -
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Copart (CPRT) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the Copart (CPRT). During the week, the CPRT climbed 0.32 points, or 0.53%, and closed at 61.22 on Friday, May 2, 2025. Weekly volume was -7% 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 51.87 and resistance is at 68.00. 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 51.72 on April 7, 2025. CPRT lost 12.66 points, or 19.66%, in 18 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (50.66) 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 medium-term trend.
 Weekly Technical Indicators: [See CPRT weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 April 17, 2025. The distance between MACD and the signal line is low, but getting bigger. 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 April 7, 2025 at 51.72 and reached 62.09 on April 24, 2025. CPRT gained -10.37 points, or -20.05%, in 17 days. The price is now at the 8.39% retracement level.
Daily Technical Indicators: [See CPRT daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. 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 March 18, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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