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. The Copart stock price data and volume are plotted in CPRT stock charts and these trading charts form the basis of technical analysis.
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 show the CPRT stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $58.03 is below the last closing price of $58.98 and the 50 day moving average of $56.98 is below the last closing price of $58.98. The 10 and 20 day periods can predict short term moving average trends.
Copart Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Copart. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of Copart bollinger bands.
Copart Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Copart MACD indicator can be used to identify bullish and bearish trends for the stock.
Copart Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in 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.