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Uptrend ExhaustionArchive
- 3/20/2026 -
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Copart (CPRT) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Copart (CPRT). During the week, the CPRT dropped -1.23 points, or -3.61%, and closed at 32.86 on Friday, March 20, 2026. Weekly volume was 31% above average.
 Long-term trend: [See CPRT long-term trend chart]
A long-term downtrend had started on November 27, 2024 at 64.38 and reached 32.20 on March 19, 2026. CPRT lost 32.18 points, or 49.98%, in 68 weeks. Price is near the trend low.
 Medium-term trend: [See CPRT medium-term trend chart]
A medium-term downtrend had started on January 21, 2026 at 41.79 and reached 32.20 on March 19, 2026. CPRT lost 9.59 points, or 22.95%, in 8 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 25.95 and resistance is at 37.68. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See CPRT weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
Short-term trend: [See CPRT short-term trend chart]
A short-term downtrend had started on March 3, 2026 at 38.84 and reached 32.20 on March 19, 2026. CPRT lost 6.64 points, or 17.10%, in 16 days. The price is now at the 9.94% retracement level.
 Daily Technical Indicators: [See CPRT daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Relative Strength Index help.
The daily MACD line is below its signal line since March 10, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
The distance between the Bollinger Bands is 104.29% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
 Candlestick pattern: [See CPRT candlestick chart pattern]
On Friday the chart has formed a Bullish Piercing Line Candlestick pattern. This pattern suggests bulls have begun to take charge of the market, and shorts have been shaken by the sudden lost of bearish momentum. The reliability of the Bullish Piercing Line pattern is moderate. Use the Technical Stock Screener to see the list of stocks that had a Bullish Piercing Line Candlestick pattern during the last week.
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