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Uptrend ExhaustionArchive
- 10/30/2026 -
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Copart (CPRT) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a fourth positive week after 4 consecutive negative weeks for the Copart (CPRT). During the week, the CPRT gained 1.13 points, or 3.90%, and closed at 30.13 on Friday, October 30, 2026. It was the best weekly gain since August 21, 2026. CPRT was trading at average weekly trading volume.
 Long-term trend: [See CPRT long-term trend chart]
A long-term downtrend had started on November 27, 2024 at 64.38 and reached 25.72 on October 14, 2026. CPRT lost 38.66 points, or 60.05%, in 98 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 24.90 and resistance is at 62.16. 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 Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See CPRT medium-term trend chart]
A medium-term uptrend had started on October 14, 2026 at 25.72 and reached 30.38 on October 30, 2026. CPRT gained -4.66 points, or -18.12%, in 2 weeks. The price is now at the 5.36% retracement level.
 Weekly Technical Indicators: [See CPRT weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since October 16, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.
Short-term trend: [See CPRT short-term trend chart]
A short-term uptrend had started on October 28, 2026 at 28.44 and reached 30.38 on October 30, 2026. CPRT gained -1.94 points, or -6.82%, in 2 days. The price is now at the 12.89% retracement level.
 Daily Technical Indicators: [See CPRT daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following links to access Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is above its signal line since October 14, 2026. This is an indication that the short-term trend is up.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
 Candlestick pattern: [See CPRT candlestick chart pattern]
On Friday the chart has formed a Bearish Deliberation Candlestick pattern. This pattern occurs in an uptrend;it appears after a sustained upward move and suggests that the rally is losing strength and a reversal is possible. The reliability of the Bearish Deliberation pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Deliberation Candlestick pattern during the last week.
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