The Greedy Trader Weekly Analysis
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Weekly RSI:> 80
Number of records: 5
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Relative Strength Index (RSI Indicator)

The Relative Strength Index is a popular momentum oscillator, developed by Welles Wilder, Jr. It is one of the most widely used technical indicators. Relative Strength Index compares upward vs. downward movements in closing over a selected period. The RSI Indicator fluctuates from 0% to 100%. A stock with RSI Indicator higher than 70% is considered overbought and lower than 30% - oversold. A good rule is to adjust overbought/oversold index range to 80% in bull and to 20% in bear markets. Relative Strength Index can provide an early warning, but not the final signal. It should be used in conjunction with other stock picking techniques. The divergence between RSI Indicator and underlying stock price is the most important signal provided by RSI, and it can be an indication of an impending reversal. Using the RSI divergence (bullish and bearish), chart patterns, trendlines, support, and resistance lines along with the RSI Indicator chart can be very useful.

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- 9/15/2023 -
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Copart (CPRT) Technical Analysis

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Summary:
Weekly :Relative Strength Index oversoldWilliams' Percentage Range and Lane's Stochastic are strongly oversold
Daily :Williams' Percentage Range is oversoldLane's Stochastic bullish divergencePrice is near the Fibonacci 38.2% retracement levelThe period of high volatility of the stock price
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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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.69
Williams' Percentage Range (W%R) 95.30
Strong Oversold
Lane's Stochastic (%D-Slow) 41.21
Bullish
Greed/Fear Indicator (GFI) 32.20
Moving Average Converg./Diverg. (MACD) -9.63
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 18.39
Oversold
Williams' Percentage Range (W%R) 96.00
Strong Oversold
Lane's Stochastic (%D-Slow) 7.38
Strong Oversold
Greed/Fear Indicator (GFI) 11.49
Oversold
Moving Average Converg./Diverg. (MACD) -1.57
Trading Signals
Description Value Chart
50 Day Moving Average 72.34
Upper Bollinger Band 70.20
Parabolic System 55.06
20 Day Moving Average 46.58
Weekly Stochastic Crossing 44.42
Price 43.88
Daily Stochastic Crossing 43.71
Lower Bollinger Band 33.17
Sector and Industry
Description Name Rank
Sector Industrials 7
Industry Diversified Support Services 47
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 45.64
High Date 09/06/2023
Low 42.69
Low Date 09/15/2023
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 45.64
High Date 09/06/2023
Low 42.69
Low Date 09/15/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 45.64
High Date 09/06/2023
Low 42.69
Low Date 09/15/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 94.77
High Date 07/17/2023
Low 42.69
Low Date 09/15/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 161.12
High Date 11/16/2021
Low 42.69
Low Date 09/15/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.