Copart (CPRT) Weekly Technical Analysis
Copart Inc
Online vehicle auction platform connecting insurers, dealers, and buyers.
CPRT Technical Analysis Summary
CPRT is experiencing a short-term relief bounce after successfully testing support around 25.60-27.00, pushing the price back above its 20-week moving average. However, the macro picture remains heavily bearish as the stock trades substantially below its downward-sloping 50-week and 200-week SMAs. For any sustainable long-term trend reversal, buyers must clear overhead resistance in the 31.50-33.70 range with sustained volume.
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CPRT Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price has rebounded from the 26.00-27.00 support zone, reclaiming the 20-week moving average (29.66) with rising RSI momentum back toward the 50 centerline.
Long-term Sentiment (weeks to months): Bearish
The stock remains in a pronounced primary downtrend well below both the descending 50-week SMA (33.58) and 200-week SMA (45.13).
Report Metadata
- Timeframe: weekly
- Generated at: Oct 30, 2026
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $26.40 | $25.60 - $27.20 | Strong | Multi-week low area aligned with the lower Bollinger Band where buying interest halted the decline. |
| $23.00 | $22.00 - $24.00 | Moderate | Historical base consolidation from late 2022 to early 2023. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $32.60 | $31.50 - $33.70 | Strong | Confluence of recent swing high resistance, the 50-week SMA, and the upper Bollinger Band. |
| $39.00 | $38.00 - $40.00 | Moderate | Prior consolidation shelf and breakdown zone from late 2025. |
| $45.00 | $44.50 - $45.50 | Strong | Major long-term structural pivot point aligning closely with the 200-week SMA. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Moderate | Double Bottom | Bullish | $36.50 | Potential double bottom pattern formed at the 26.00-27.00 area with a neckline near 31.50. |
| Strong | Primary Downtrend Channel | Bearish | N/A | Multi-month sequence of lower highs and lower lows defined under the falling 50-week SMA since the 64.00 peak. |
Frequently Asked Questions about CPRT
What is the current sentiment for CPRT?
The short-term sentiment for CPRT is currently Bullish because Price has rebounded from the 26.00-27.00 support zone, reclaiming the 20-week moving average (29.66) with rising RSI momentum back toward the 50 centerline. 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 $26.40 and $23.00. 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.