RSI low/high Values: [ 25 - 80 ]
* uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CPRT
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Green day on Monday for Copart stock after gaining 1.59%
(Updated on Jul 22, 2024)

Sell candidate since Jul 15, 2024 Loss -4.00% PDF

The Copart stock price gained 1.59% on the last trading day (Monday, 22nd Jul 2024), rising from $51.71 to $52.53. During the last trading day the stock fluctuated 1.72% from a day low at $51.67 to a day high of $52.56. The price has fallen in 6 of the last 10 days and is down by -4.12% for this period. Volume fell on the last day by -918 thousand shares and in total, 4 million shares were bought and sold for approximately $199.48 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.38% during the next 3 months and, with a 90% probability hold a price between $50.38 and $54.09 at the end of this 3-month period.

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CPRT Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, July 18, 2024, and so far it has risen 1.70%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Copart stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $53.31 and $53.87. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Copart stock

Copart finds support from accumulated volume at $52.14 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.89 between high and low, or 1.72%. For the last week the stock has had daily average volatility of 1.99%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CPRT) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Copart to open at $52.25, and during the day (based on 14 day Average True Range), to move between $51.50 and $53.56, which gives a possible trading interval of +/-$1.03 (+/-1.95%) up or down from last closing price. If Copart takes out the full calculated possible swing range there will be an estimated 3.90% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $52.14 (0.74%) than the resistance at $52.99 (0.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Copart stock A Buy?

Copart holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -1.536 Sell Candidate Unchanged

Predicted Opening Price for Copart of Tuesday, July 23, 2024

Fair opening price July 23, 2024 Current price
$52.25 ( 0.527%) $52.53

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for CPRT

Fibonacci Support & Resistance Levels

Level Price
R3 53.14 1.17%
R2 52.80 0.520%
R1 52.59 0.121%
Price 52.53
S1 51.91 -1.17%
S2 51.70 -1.57%
S3 51.36 -2.22%

Accumulated Volume Support & Resistance Levels

Level Price
R3 54.16 3.10%
R2 53.06 1.01%
R1 52.99 0.88%
Price 52.53
S1 52.14 -0.742%
S2 51.71 -1.56%
S3 51.65 -1.68%


What is the symbol for Copart Stock and on which exchange is it traded?
The symbol for Copart is CPRT and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Copart Stock?
Copart holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Copart Stock?
Copart Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Copart Stock.

What's the current price of Copart Stock?
As of the end of day on the Jul 22, 2024, the price of an Copart (CPRT) share was $52.53.

What is the 52-week high and low for Copart Stock?
The 52-week high for Copart Stock is $91.21 and the 52-week low is $42.41.

What is the market capitalization of Copart Stock?
As of the Jul 22, 2024, the market capitalization of Copart is 49.76B.

When is the next earnings date for Copart?
The upcoming earnings date for Copart is Sep 12, 2024.
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About Copart

Copart Copart, Inc. provides online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, Brazil, the Republic of Ireland, Germany, Finland, the United Arab Emirates, Oman, Bahrain, and Spain. It offers a range of services for processing and selling vehicles over the internet through its virtual bidding third generation internet auction-style sales technology to vehicle sellers, insurance companies, banks and financ... CPRT Profile

Top Fintech Company featured in The Global Fintech Index 2020 as the top Fintech company of the country.

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