CPRT Weekly Technical Analysis
Copart Inc
Online vehicle auction platform connecting insurers, dealers, and buyers.
CPRT Technical Analysis Summary
CPRT has undergone a severe technical breakdown, violating its long-term uptrend by decisively slicing through the 200-week SMA. The formation of a massive multi-year head and shoulders top confirms a macro shift from a bull to a bear market regime. All momentum indicators align with continued downside pressure, and significant rallies will likely face heavy selling at former support zones, which now act as strong resistance.
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CPRT Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is in a steep, aggressive decline, riding the lower Bollinger Band. RSI is in oversold territory at 26.82, but downward momentum remains strong as confirmed by an expanding negative MACD histogram.
Long-term Sentiment (weeks to months): Bearish
The long-term uptrend has been broken. Price has decisively fallen below the 200-week SMA, completing a massive multi-year topping structure and establishing a new macro downtrend.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-03-21T09:08:27.572Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $31.00 | $30.00 - $32.00 | Strong | Historical consolidation zone from 2021 and 2022, acting as the first major area of potential support during the current sell-off. |
| $26.25 | $25.00 - $27.50 | Strong | Major structural swing low established in 2022 before the previous multi-year bull run. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $44.25 | $43.00 - $45.50 | Strong | Massive area of confluence; formerly a key support zone that has now turned into resistance, coinciding with the 20, 50, and 200-week SMAs. |
| $51.25 | $50.00 - $52.50 | Strong | Previous structural lower high established before the final capitulation wave downwards. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Head and Shoulders Top | Bearish | $22.50 | A massive, multi-year topping pattern is visible. The breakdown below the structural neckline (around the 45.00 level) confirms a major long-term trend reversal. |
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 steep, aggressive decline, riding the lower Bollinger Band. RSI is in oversold territory at 26.82, but downward momentum remains strong as confirmed by an expanding negative MACD histogram.. 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 $26.25. 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 74/100. 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.