COPART INC. - 1H - Technical analysis published on 01/16/2024 (GMT)
- 200
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bearish
Technical indicators
22%
39%
39%
My opinion
Neutral between 46.87 USD and 47.89 USD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bearish trend on COPART INC.. It is difficult to advise a trading direction under these conditions. The first support is located at 46.87 USD. The first resistance is located at 47.89 USD. You could stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, technical indicators are neutral and are not able to influence the opinion of this analysis.
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The COPART INC. rating is 47.55 USD. On the day, this instrument lost -0.04% and was traded between 47.36 USD and 47.60 USD over the period. The price is currently at +0.40% from its lowest and -0.11% from its highest.47.36
47.60
47.55
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by COPART INC.:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of COPART INC. indicates that the overall trend is slightly bearish. 60.71% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found this result concerning these indicators:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 46.21 | 46.87 | 47.39 | 47.55 | 47.89 | 48.44 | 49.00 |
| Change (%) | -2.82% | -1.43% | -0.34% | - | +0.72% | +1.87% | +3.05% |
| Change | -1.34 | -0.68 | -0.16 | - | +0.34 | +0.89 | +1.45 |
| Level | Intermediate | Major | Minor | - | Minor | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.72 | 47.05 | 47.31 | 47.64 | 47.90 | 48.23 | 48.49 |
| Camarilla | 47.41 | 47.46 | 47.52 | 47.57 | 47.62 | 47.68 | 47.73 |
| Woodie | 46.69 | 47.03 | 47.28 | 47.62 | 47.87 | 48.21 | 48.46 |
| Fibonacci | 47.05 | 47.28 | 47.42 | 47.64 | 47.87 | 48.01 | 48.23 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 44.98 | 45.74 | 46.65 | 47.41 | 48.32 | 49.08 | 49.99 |
| Camarilla | 47.11 | 47.26 | 47.42 | 47.57 | 47.72 | 47.88 | 48.03 |
| Woodie | 45.07 | 45.78 | 46.74 | 47.45 | 48.41 | 49.12 | 50.08 |
| Fibonacci | 45.74 | 46.38 | 46.77 | 47.41 | 48.05 | 48.44 | 49.08 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 44.04 | 45.56 | 47.28 | 48.80 | 50.52 | 52.04 | 53.76 |
| Camarilla | 48.11 | 48.41 | 48.70 | 49.00 | 49.30 | 49.59 | 49.89 |
| Woodie | 44.14 | 45.61 | 47.38 | 48.85 | 50.62 | 52.09 | 53.86 |
| Fibonacci | 45.56 | 46.80 | 47.56 | 48.80 | 50.04 | 50.80 | 52.04 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.13 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | 1.90 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 47.63 | |
| Parabolic SAR (0,02-0,02-0,2): | 47.83 | |
| Elder Ray (13): | -0.09 | |
| Super Trend (3,10): | 48.18 | |
| Zig ZAG (10): | 47.42 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 37.16 | |
| TEMA (21): | 47.64 | |
| Williams %R (14): | -59.15 | |
| Chande Momentum Oscillator (20): | 0.35 | |
| Repulse (5,40,3): | 0.3700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.52 |
| MA7: | 47.42 | |
| MA20: | 48.00 | |
| MA50: | 48.52 | |
| MA100: | 46.41 | |
| MAexp7: | 47.54 | |
| MAexp20: | 47.53 | |
| MAexp50: | 47.51 | |
| MAexp100: | 47.77 | |
| Price / MA7: | +0.27% | |
| Price / MA20: | -0.94% | |
| Price / MA50: | -2.00% | |
| Price / MA100: | +2.46% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.08% | |
| Price / MAexp100: | -0.46% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on COPART INC. at the time of the analysis were as follows:
- Copart, Inc. Announces Senior Leadership Appointments
- Copart Announces Investment in Heavy Equipment Auction Company Purple Wave
- Hi Marley and Copart Announce Strategic Partnership to Support Auto Insurers
- Copart, Inc. Announces a Two-for-One Stock Split
- Copart, Inc. to Present at Baird’s Global Consumer, Technology & Services Conference
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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