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- 9/15/2023 -
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Copart (CPRT) Technical Analysis
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|It was the negative week for the Copart (CPRT). During the week, the CPRT dropped -0.81 points, or -1.81%, and closed at 43.88 on Friday, September 15, 2023. Weekly volume was 189% above average. |
Long-term trend: [See CPRT long-term trend chart]
A long-term downtrend had started on November 16, 2021 at 161.12 and reached 42.69 on September 15, 2023. CPRT lost 118.43 points, or 73.50%, in 95 weeks. Price is near the trend low.
Medium-term trend: [See CPRT medium-term trend chart]
A medium-term downtrend had started on July 17, 2023 at 94.77 and reached 42.69 on September 15, 2023. CPRT lost 52.08 points, or 54.95%, in 8 weeks. Price is near the trend low.
Weekly Technical Indicators: [See CPRT weekly technical indicators chart]
Weekly Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index or strongly oversold weekly Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is below its signal line since August 18, 2023. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 September 6, 2023 at 45.64 and reached 42.69 on September 15, 2023. CPRT lost 2.95 points, or 6.46%, in 9 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See CPRT daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. Daily Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is above its signal line since September 7, 2023. The distance between MACD and the signal line is low, but getting bigger.
The distance between the Bollinger Bands is 184.21% 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.