CPRT Weekly Technical Analysis
Copart Inc
Online vehicle auction platform connecting insurers, dealers, and buyers.
CPRT Technical Analysis Summary
CPRT is entrenched in a definitive long-term downtrend, characterized by lower highs, lower lows, and price action firmly below key moving averages. While short-term indicators like a recovering RSI and a bullish MACD crossover suggest a relief bounce is underway, the broader technical structure remains heavily compromised. To signal a meaningful trend reversal, the stock must overcome significant overhead resistance, starting at the 35.50-37.00 zone.
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CPRT Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Despite a recent bounce from oversold levels and a MACD crossover, the price remains constrained by a strong descending trendline and is approaching prior support turned resistance near the 20-week moving average.
Long-term Sentiment (weeks to months): Bearish
The stock is in a well-defined multi-year downtrend, trading significantly below both the 50-week and 200-week moving averages, with the 50-week MA trending downwards below the 200-week MA.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-05-30T09:04:55.276Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $28.50 | $27.50 - $29.50 | Strong | Recent major swing low where price bounced aggressively from oversold conditions. |
| $23.75 | $22.50 - $25.00 | Weak | Historical consolidation zone from earlier in the chart's history. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $36.00 | $35.00 - $37.00 | Strong | Prior support zone that recently broke down, now aligning with the middle Bollinger Band (20-week MA). |
| $41.00 | $40.00 - $42.00 | Strong | Confluence of the declining 50-week moving average and recent structural swing highs. |
| $46.00 | $45.00 - $47.00 | Strong | Zone around the 200-week moving average, representing a major long-term technical ceiling. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Descending Channel | Bearish | N/A | Price action has been confined within a steady sequence of lower highs and lower lows over a multi-year period, defining the overarching bearish regime. |
| Weak | Oversold Bounce | Neutral | $35.50 | RSI recently touched the 30 oversold line and turned up, accompanied by a bullish MACD crossover well below the zero line, indicating short-term counter-trend momentum. |
Frequently Asked Questions about CPRT
What is the current sentiment for CPRT?
The short-term sentiment for CPRT is currently Bearish because Despite a recent bounce from oversold levels and a MACD crossover, the price remains constrained by a strong descending trendline and is approaching prior support turned resistance near the 20-week moving average.. 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 $28.50 and $23.75. 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 97/100. 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.