The Greedy Trader Weekly Analysis
Sign In Nov 27, 2020
Skip Navigation Links
TA Search
Weekly RSI:> 90
Number of records: 0
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Relative Strength Index (RSI Indicator)
The Relative Strength Index is a popular momentum oscillator, developed by Welles Wilder, Jr. It is one of the most widely used technical indicators. Relative Strength Index compares upward vs. downward movements in closing over a selected period. The RSI Indicator fluctuates from 0% to 100%. A stock with RSI Indicator higher than 70% is considered overbought and lower than 30% - oversold. A good rule is to adjust overbought/oversold index range to 80% in bull and to 20% in bear markets. Relative Strength Index can provide an early warning, but not the final signal. It should be used in conjunction with other stock picking techniques. The divergence between RSI Indicator and underlying stock price is the most important signal provided by RSI, and it can be an indication of an impending reversal. Using the RSI divergence (bullish and bearish), chart patterns, trendlines, support, and resistance lines along with the RSI Indicator chart can be very useful.
Relative strength index- rsi indicator and overbought oversold index.
relative strength index,relative strength,overbought oversold index,rsi indicator
RSI divergence - Bullish Bearish.
rsi divergence,Bullish,Bearish,bullish stocks,Bullish Divergence,Bearish Divergence,stock market

Copart (CPRT)

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorRelative Strength Index, Lane's Stochastic and MACD bearish divergenceTrend support at 113.07
Daily :The price has fallen below the Parabolic SARLane's Stochastic is oversoldThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the Copart (CPRT). During the week, the CPRT dropped -3.24 points, or -2.75%, and closed at 114.47 on Friday, November 20, 2020. CPRT was trading at average weekly trading volume.

CPRT is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See CPRT long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 55.69 and reached 130.96 on November 9, 2020. CPRT gained -75.27 points, or -135.16%, in 33 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 107.61 and resistance is at 125.54. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See CPRT medium-term trend chart]
A medium-term uptrend had started on June 29, 2020 at 78.55 and reached 130.96 on November 9, 2020. CPRT gained -52.41 points, or -66.72%, in 19 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (113.07) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See CPRT weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and MACD bearish 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 Relative Strength Index help.

The weekly MACD line is above its signal line since July 24, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 November 9, 2020 at 130.96 and reached 112.05 on November 19, 2020. CPRT lost 18.91 points, or 14.44%, in 10 days. The price is now at the 12.80% retracement level.

Daily Technical Indicators: [See CPRT daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic.

The daily MACD line is below its signal line since November 11, 2020. This is an indication that the short-term trend is down.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.23
Williams' Percentage Range (W%R) 75.10
Lane's Stochastic (%D-Slow) 12.19
Oversold
Greed/Fear Indicator (GFI) 29.78
Moving Average Converg./Diverg. (MACD) 1.70
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.25
Bearish
Williams' Percentage Range (W%R) 34.90
Lane's Stochastic (%D-Slow) 67.15
Bearish
Greed/Fear Indicator (GFI) 62.97
Moving Average Converg./Diverg. (MACD) 7.87 Bearish
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 133.22
Parabolic System 127.70
Yearly Trendline Resistance 125.54
Upper Bollinger Band 124.09
Weekly Stochastic Crossing 121.45
20 Day Moving Average 116.03
Price 114.47
Daily Stochastic Crossing 113.14
Quarterly Trendline Support 113.07
50 Day Moving Average 112.12
Yearly Trendline Support 107.61
Lower Bollinger Band 107.48
Sector and Industry
Description Name Rank
Sector Industrials 10
Industry Diversified Support Services 85
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 130.96
High Date 11/09/2020
Low 112.05
Low Date 11/19/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 130.96
High Date 11/09/2020
Low 112.05
Low Date 11/19/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 107.64
Low Date 10/29/2020
High 130.96
High Date 11/09/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 133.22
Support 113.07
Low 78.55
Low Date 06/29/2020
High 130.96
High Date 11/09/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 125.54
Support 107.61
Low 55.69
Low Date 03/23/2020
High 130.96
High Date 11/09/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

Copyright© 2004-2018 All rights reserved.