CPRT Weekly Technical Analysis
Copart Inc
Online vehicle auction platform connecting insurers, dealers, and buyers.
CPRT Technical Analysis Summary
CPRT is experiencing a solid weekly counter-trend recovery after rebounding firmly from major long-term support near 27.00. While the short-term momentum is positive with RSI reclaiming the 50 level and price closing above the 20-week SMA, the intermediate-to-long-term trend remains pressured beneath declining 50-week and 200-week SMAs. The immediate hurdle for buyers lies between 35.50 and 36.50, where moving average and upper band confluence will test the durability of this recovery.
Included In Lists
Related Tickers of Interest
CPRT Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price has staged a strong rebound off the multi-year support near 27.00, reclaiming the 20-week moving average with RSI rising back above 50 on elevated recovery volume.
Long-term Sentiment (weeks to months): Bearish
The broader weekly structure remains defined by lower highs and lower lows since the 2024 peak, with price trading well below the declining 50-week and 200-week moving averages.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-09-04T21:03:25.725Z
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $31.00 | $30.50 - $31.50 | Weak | Confluence with the 20-week SMA and recent weekly breakout shelf. |
| $27.25 | $26.50 - $28.00 | Strong | Recent major swing low and lower Bollinger Band bounce area corresponding to 2022-2023 support. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $36.00 | $35.50 - $36.50 | Strong | Resistance zone formed by the descending 50-week SMA (35.97) and upper Bollinger Band (35.50). |
| $41.00 | $40.00 - $42.00 | Weak | Prior consolidation breakdown level and swing resistance from early 2026. |
| $45.50 | $45.00 - $46.00 | Strong | Major dynamic resistance at the 200-week moving average. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | V-Bottom Reversal | Bullish | $36.00 | Sharp weekly rejection and bullish reversal off the 27.00 cycle low on heavy volume, pushing back above the 20-week average. |
| Strong | Double Top | Bearish | N/A | Large multi-month double top formation completed between late 2024 and mid 2025 near 64.00, which triggered the primary downtrend. |
Frequently Asked Questions about CPRT
What is the current sentiment for CPRT?
The short-term sentiment for CPRT is currently Bullish because Price has staged a strong rebound off the multi-year support near 27.00, reclaiming the 20-week moving average with RSI rising back above 50 on elevated recovery volume.. 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 $31.00 and $27.25. 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 81/100. 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.