CPRT Daily Technical Analysis
Copart Inc
Online vehicle auction platform connecting insurers, dealers, and buyers.
CPRT Technical Analysis Summary
CPRT remains entrenched in a strong long-term downtrend, characterized by price action well below downward-sloping 50-day and 200-day moving averages. Currently, the stock is attempting to establish a short-term base in the 35-36 area, supported by improving momentum indicators like a MACD bullish crossover. However, until the price can decisively break above overhead resistance, particularly the 50-day SMA near 39, the broader technical picture remains bearish and rallies are likely to be viewed as counter-trend.
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CPRT Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Neutral
Price is consolidating near recent lows after a significant downtrend. While the price remains below the 20-day and 50-day SMAs, the MACD has formed a bullish crossover below the zero line, and the RSI is rising from near oversold territory, suggesting downward momentum is pausing and a short-term base may be forming.
Long-term Sentiment (weeks to months): Bearish
The long-term technical structure is decidedly bearish. The price is trading substantially below both the 50-day and 200-day SMAs, and both moving averages have a strong downward slope. The chart shows a sustained pattern of lower highs and lower lows.
Report Metadata
- Timeframe: daily
- Generated at: 2026-03-09T21:04:08.080Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $35.50 | $35.00 - $36.00 | Strong | Recent swing low and consolidation zone where price has bounced multiple times, aligning near the lower Bollinger Band. |
| $32.50 | $32.00 - $33.00 | Strong | Major historical swing low area visible earlier in the chart. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $39.75 | $39.00 - $40.50 | Strong | Confluence zone of the downward-sloping 50-day SMA, recent swing highs during the consolidation phase, and the upper Bollinger Band. |
| $43.75 | $43.00 - $44.50 | Strong | Next major structural lower high and the current location of the 200-day SMA. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Downtrend | Bearish | N/A | A clear, sustained sequence of lower highs and lower lows defining the macro price action over the visible period. |
| Weak | Consolidation Base | Neutral | N/A | Price is currently trading in a sideways range roughly between 35 and 40, attempting to halt the primary downtrend. Momentum indicators (MACD cross, rising RSI) support a pause in selling. |
Frequently Asked Questions about CPRT
What is the current sentiment for CPRT?
The short-term sentiment for CPRT is currently Neutral because Price is consolidating near recent lows after a significant downtrend. While the price remains below the 20-day and 50-day SMAs, the MACD has formed a bullish crossover below the zero line, and the RSI is rising from near oversold territory, suggesting downward momentum is pausing and a short-term base may be forming.. 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 $35.50 and $32.50. 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 51/100. It is not 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.