COPART INC. - Daily - Technical analysis published on 11/15/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 83.44 USD
My targets
86.52 USD (+0.93%)
90.39 USD (+5.45%)
My analysis
The bullish trend is currently very strong on COPART INC.. As long as the price remains above the support at 83.44 USD, you could try to benefit from the boom. The first bullish objective is located at 86.52 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 90.39 USD as an objective. Crossing it would then enable buyers to target 95.48 USD. 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
0
10
8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The COPART INC. price is 85.72 USD. The price registered a decrease of -0.12% on the session and was between 85.56 USD and 86.55 USD. This implies that the price is at +0.19% from its lowest and at -0.96% from its highest.85.56
86.55
85.72
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
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:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this COPART INC. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 73.49 | 77.43 | 83.44 | 85.72 |
| Change (%) | -14.27% | -9.67% | -2.66% | - |
| Change | -12.23 | -8.29 | -2.28 | - |
| Level | Major | Minor | Major | - |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 81.78 | 82.61 | 84.21 | 85.04 | 86.64 | 87.47 | 89.07 |
| Camarilla | 85.15 | 85.37 | 85.60 | 85.82 | 86.04 | 86.27 | 86.49 |
| Woodie | 82.18 | 82.80 | 84.61 | 85.23 | 87.04 | 87.66 | 89.47 |
| Fibonacci | 82.61 | 83.54 | 84.11 | 85.04 | 85.97 | 86.54 | 87.47 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 76.57 | 78.64 | 80.05 | 82.12 | 83.53 | 85.60 | 87.01 |
| Camarilla | 80.50 | 80.82 | 81.14 | 81.46 | 81.78 | 82.10 | 82.42 |
| Woodie | 76.24 | 78.48 | 79.72 | 81.96 | 83.20 | 85.44 | 86.68 |
| Fibonacci | 78.64 | 79.97 | 80.79 | 82.12 | 83.45 | 84.27 | 85.60 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 68.60 | 72.47 | 77.56 | 81.43 | 86.52 | 90.39 | 95.48 |
| Camarilla | 80.18 | 81.00 | 81.82 | 82.64 | 83.46 | 84.28 | 85.10 |
| Woodie | 69.20 | 72.78 | 78.16 | 81.74 | 87.12 | 90.70 | 96.08 |
| Fibonacci | 72.47 | 75.90 | 78.01 | 81.43 | 84.86 | 86.97 | 90.39 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 66.21 | |
| MACD (12,26,9): | 0.7600 | |
| Directional Movement: | 17.73 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 84.04 | |
| Parabolic SAR (0,02-0,02-0,2): | 80.81 | |
| Elder Ray (13): | 2.63 | |
| Super Trend (3,10): | 81.45 | |
| Zig ZAG (10): | 85.73 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 82.38 | |
| TEMA (21): | 84.06 | |
| Williams %R (14): | -16.10 | |
| Chande Momentum Oscillator (20): | 1.62 | |
| Repulse (5,40,3): | 2.3000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 0.08 |
| MA7: | 83.37 | |
| MA20: | 83.32 | |
| MA50: | 81.97 | |
| MA100: | 79.11 | |
| MAexp7: | 84.04 | |
| MAexp20: | 83.07 | |
| MAexp50: | 81.52 | |
| MAexp100: | 78.51 | |
| Price / MA7: | +2.82% | |
| Price / MA20: | +2.88% | |
| Price / MA50: | +4.57% | |
| Price / MA100: | +8.36% | |
| Price / MAexp7: | +2.00% | |
| Price / MAexp20: | +3.19% | |
| Price / MAexp50: | +5.15% | |
| Price / MAexp100: | +9.18% |
News
Don"t forget to follow the news on COPART INC.. At the time of publication of this analysis, the latest news was as follows:
- Copart Germany Opens New Location Near Berlin
- Copart Expands Montreal, Quebec Location in Canada
- Copart Reports Fourth Quarter Fiscal 2019 Financial Results
- Copart Announces Promotion of Jeff Liaw to President
- Copart, Inc. to Webcast Fourth Quarter Fiscal 2019 Results
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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