Copart (CPRT) Daily Technical Analysis
Copart Inc
Online vehicle auction platform connecting insurers, dealers, and buyers.
CPRT Technical Analysis Summary
CPRT has staged a vigorous short-term rebound from its October base near $26.60, clearing the 50-day and 200-day SMAs with RSI surging over 70. However, the macro trend remains cautious as the 200-day SMA continues its downward slope following a prolonged decline from the $50 level. A confirmed hold above the $32.00-$32.30 zone is critical to validate this breakout toward the major resistance zone at $34.00-$35.00.
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CPRT Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Strong upward momentum breaking above the 20-day and 50-day moving averages, as well as penetrating above the upper Bollinger Band (32.08) and the 200-day SMA (32.23) with RSI expanding into overbought territory at 70.48.
Long-term Sentiment (weeks to months): Bearish
The broader trend remains down as characterized by a series of lower highs over the past year and a descending 200-day SMA located at 32.23 with the 50-day SMA well below it at 29.47.
Report Metadata
- Timeframe: daily
- Generated at: Nov 4, 2026
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $32.15 | $32.00 - $32.30 | Moderate | Confluence of the descending 200-day SMA (32.23) and the upper Bollinger Band boundary, acting as immediate dynamic support upon breakout. |
| $29.05 | $28.60 - $29.50 | Strong | Cluster of the 20-day SMA (28.64) and 50-day SMA (29.47) alongside previous consolidation support. |
| $26.85 | $26.50 - $27.20 | Strong | Recent multi-week swing low and base formed throughout October. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $34.50 | $34.00 - $35.00 | Strong | Prominent late-August/early-September swing highs that previously rejected upside attempts. |
| $37.00 | $36.50 - $37.50 | Moderate | Breakdown area and horizontal resistance from the May-June consolidation phase. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Moderate | Double Bottom | Bullish | $33.50 | Formed a twin low base in October near 26.60 before breaking above the intermediate peak around 29.50-30.00 with strong follow-through. |
| Moderate | Moving Average Breakout | Bullish | $34.80 | Price broke decisively above the 200-day SMA on an expanding daily candle. |
Frequently Asked Questions about CPRT
What is the current sentiment for CPRT?
The short-term sentiment for CPRT is currently Bullish because Strong upward momentum breaking above the 20-day and 50-day moving averages, as well as penetrating above the upper Bollinger Band (32.08) and the 200-day SMA (32.23) with RSI expanding into overbought territory at 70.48. The long-term trend is classified as Bearish.
What are the key support levels for CPRT?
StockDips.AI has identified key support levels for CPRT at $32.15 and $29.05. These levels may represent potential accumulation zones where buying interest could emerge.
Is CPRT in a significant dip or a Value Dip right now?
CPRT has a Value Score of 80/100. It is currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.