Copart Technical Analysis (NASDAQ:CPRT)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. When a chart pattern that can predict future Copart stock price movements is formed, the CPRT stock chart can become a key tool for a technical analyst.
See Copart bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. The technical analysis form of Copart stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Copart Moving Average:
Moving averages help predict the price direction of CPRT stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A rise in trend over the long term indicates a long term uptrend. Similarly a falling CPRT moving average implies that Copart stock price is falling.
Copart Bollinger Bands:
Bollinger bands comprise of a center line usually CPRT SMA, and two CPRT stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Copart bollinger bands show that the stock price is $58.99, upper band is 30.82, lower band is 20.37, and the average is 25.6.
Copart Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Copart MACD indicator is below 0 indicating a bearish trend.
Copart Relative Strength Index:
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of CPRT stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .