COPART INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	CPRT
ISIN:

COPART INC. - 1H - Technical analysis published on 11/22/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : WITHOUT TARGET

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 59.73 USD

My targets

My analysis

The bullish trend is currently very strong on COPART INC.. As long as the price remains above the support at 59.73 USD, you could try to benefit from the boom. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.6

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

COPART INC. rating 61.94 USD. The price has increased by +8.86% since the last closing and was traded between 59.05 USD and 62.01 USD over the period. The price is currently at +4.89% from its lowest and -0.11% from its highest.

59.05

62.01

61.94

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this COPART INC. chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour

MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Long white line

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	55.92	56.69	58.07	61.94
Change (%)	-9.72%	-8.48%	-6.25%	-
Change	-6.02	-5.25	-3.87	-
Level	Major	Intermediate	Major	-

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	53.94	54.64	55.77	56.47	57.60	58.30	59.43
Camarilla	56.40	56.57	56.73	56.90	57.07	57.24	57.40
Woodie	54.16	54.75	55.99	56.58	57.82	58.41	59.65
Fibonacci	54.64	55.34	55.77	56.47	57.17	57.60	58.30

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	53.97	55.10	55.89	57.02	57.81	58.94	59.73
Camarilla	56.14	56.32	56.49	56.67	56.85	57.02	57.20
Woodie	53.79	55.02	55.71	56.94	57.63	58.86	59.55
Fibonacci	55.10	55.84	56.29	57.02	57.76	58.21	58.94

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	43.87	47.45	49.46	53.04	55.05	58.63	60.64
Camarilla	49.93	50.45	50.96	51.47	51.98	52.50	53.01
Woodie	43.09	47.06	48.68	52.65	54.27	58.24	59.86
Fibonacci	47.45	49.59	50.91	53.04	55.18	56.50	58.63

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):	82.60
MACD (12,26,9):	0.3200
Directional Movement:	48.62
AROON (14):	57.14
DEMA (21):	57.07
Parabolic SAR (0,02-0,02-0,2):	55.52
Elder Ray (13):	3.02
Super Trend (3,10):	57.77
Zig ZAG (10):	60.27
VORTEX (21):	1.0600
Stochastique (14,3,5):	91.19
TEMA (21):	57.47
Williams %R (14):	-7.94
Chande Momentum Oscillator (20):	4.58
Repulse (5,40,3):	2.2100
ROCnROLL:	1
TRIX (15,9):	-0.0300
Courbe Coppock:	2.99

MA7:	57.19
MA20:	55.19
MA50:	53.75
MA100:	52.81
MAexp7:	57.66
MAexp20:	56.82
MAexp50:	56.60
MAexp100:	55.97
Price / MA7:	+8.31%
Price / MA20:	+12.23%
Price / MA50:	+15.24%
Price / MA100:	+17.29%
Price / MAexp7:	+7.42%
Price / MAexp20:	+9.01%
Price / MAexp50:	+9.43%
Price / MAexp100:	+10.67%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The latest news and videos published on COPART INC. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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