CPRT Weekly Technical Analysis
Copart Inc
Online vehicle auction platform connecting insurers, dealers, and buyers.
CPRT Technical Analysis Summary
CPRT is in a decisive, long-term weekly downtrend following a massive topping pattern. Price is trading below all major moving averages (20, 50, and 200-week), and momentum indicators like MACD confirm sustained bearish momentum. The stock is currently testing a crucial long-term support zone around $28.50-$31.00; failure to hold this level could precipitate further declines.
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CPRT Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is in a sharp multi-month downtrend, trading below the 20-week and 50-week moving averages, and is currently testing structural support. RSI is near oversold levels.
Long-term Sentiment (weeks to months): Bearish
The broader weekly trend has broken down, with price significantly below the declining 50-week SMA and the 200-week SMA. The series of lower highs and lower lows over the past year confirms a strong long-term downtrend.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-06-06T09:07:57.318Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $29.75 | $28.50 - $31.00 | Strong | Current major structural support zone; established during the previous major consolidation phase prior to the main uptrend. |
| $25.50 | $24.50 - $26.50 | Weak | Historical swing low support level from a prior market correction. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $41.50 | $40.00 - $43.00 | Strong | Major prior support area that has broken and should act as strong resistance on rallies, coinciding roughly with the declining 50-week SMA. |
| $46.00 | $45.00 - $47.00 | Strong | Confluence of prior structural breakdown levels and the declining 200-week SMA. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Head and Shoulders (Completed) | Bearish | N/A | A massive, multi-year head and shoulders top pattern formed, broke the neckline support, and initiated the current prolonged downtrend. |
| Strong | Downtrend Channel | Bearish | N/A | Price is contained within a clear downward-sloping channel over the past year, characterized by lower highs and lower lows. |
Frequently Asked Questions about CPRT
What is the current sentiment for CPRT?
The short-term sentiment for CPRT is currently Bearish because Price is in a sharp multi-month downtrend, trading below the 20-week and 50-week moving averages, and is currently testing structural support. RSI is near oversold levels.. 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 $29.75 and $25.50. 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 76/100. 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.