CPRT Monthly Technical Analysis
Copart Inc
Online vehicle auction platform connecting insurers, dealers, and buyers.
CPRT Technical Analysis Summary
Copart has transitioned from a secular bull trend into an aggressive cyclical correction following the breakdown of its double top near 64.00-65.00. The stock is currently testing critical multi-year support around 25.00-27.50, aligning with the 2022 structural lows. While oversold conditions near the lower Bollinger Band suggest potential stabilization, any sustainable recovery faces heavy overhead supply around the 40.00-44.00 moving average cluster.
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CPRT Monthly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price has experienced a steep multi-month selloff, decisively breaking below both the 20-month and 50-month moving averages with RSI dropping into bear territory at 33.49 on elevated volume.
Long-term Sentiment (weeks to months): Neutral
Although the secular uptrend has suffered severe structural damage by losing the 50-month moving average, price is currently testing the major multi-year base support near 25.00-27.00 and remains above the rising 200-month SMA.
Report Metadata
- Timeframe: monthly
- Generated at: 2026-10-01T22:27:07.569Z
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $26.25 | $25.00 - $27.50 | Strong | Major horizontal support zone established by the 2022 multi-month swing lows and previous consolidation base. |
| $20.25 | $19.50 - $21.00 | Strong | Confluence of the rising 200-month simple moving average and the lower monthly Bollinger Band. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $42.00 | $40.00 - $44.00 | Strong | Critical overhead resistance zone formed by the converging 20-month SMA and 50-month SMA, representing previous support turned resistance. |
| $62.50 | $60.00 - $65.00 | Strong | All-time high double-peak resistance established between late 2024 and 2025. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Double Top | Bearish | $25.00 | Multi-year topping structure with peaks near 64.00-65.00, confirmed by a severe breakdown below the intermediate support levels on heavy volume. |
Frequently Asked Questions about CPRT
What is the current sentiment for CPRT?
The short-term sentiment for CPRT is currently Bearish because Price has experienced a steep multi-month selloff, decisively breaking below both the 20-month and 50-month moving averages with RSI dropping into bear territory at 33.49 on elevated volume.. The long-term trend is classified as Neutral.
What are the key support levels for CPRT?
StockDips.AI has identified key support levels for CPRT at $26.25 and $20.25. 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 71/100. 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.
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