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Uptrend ExhaustionArchive
- 7/3/2025 -
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Copart (CPRT) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second positive week after 5 consecutive negative weeks for the Copart (CPRT). During the week, the CPRT gained 1.14 points, or 2.37%, and closed at 49.32 on Thursday, July 3, 2025. It was the best weekly gain since May 16, 2025. Weekly volume was 10% above average.
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 October 3, 2023 at 42.41 and reached 64.38 on November 27, 2024. CPRT gained -21.97 points, or -51.80%, in 60 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (52.88) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
 Medium-term trend: [See CPRT medium-term trend chart]
A medium-term downtrend had started on May 16, 2025 at 63.85 and reached 47.33 on June 23, 2025. CPRT lost 16.52 points, or 25.87%, in 5 weeks. The price is now at the 12.05% retracement level.
 Weekly Technical Indicators: [See CPRT weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Williams' Percentage Range or strongly oversold weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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.
The weekly MACD line is below its signal line since May 23, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 June 23, 2025 at 47.33 and reached 49.86 on July 1, 2025. CPRT gained -2.53 points, or -5.35%, in 8 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See CPRT daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since June 23, 2025. This is an indication that the short-term trend is up.
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