Copart, Inc. (CPRT)

Current Price: $28.13
Date: July 16, 2026

CPRT is currently experiencing bearish momentum, closing at $28.13 on July 16, 2026. The recent price action indicates sustained selling pressure, as reflected in a series of lower highs and lower lows. Key technical indicators support the bearish outlook with a few indicators signaling potential risk factors for this move downward.

Technical Indicator Summary Table

Moving Averages

The 20-day SMA at $28.91 is sloping downward, presenting immediate resistance. CPRT trading below this level aligns with bearish short-term expectations, implying strong resistance at every attempt towards the SMA. The 50-day SMA ($30.97) confirms this medium-term bearish trend, showing that the stock is struggling to regain higher levels. The 100-day SMA at $33.08 highlights a reinforced long-term downtrend, emphasizing persistent selling pressure over the past months.

The Exponential Moving Averages (EMAs) tell a similar story. The 12-day EMA at $28.32 remains below the 26-day EMA at $29.28, further confirming the ongoing negative sentiment. This alignment is indicative of an entrenched bearish momentum, with rallies providing selling opportunities rather than sustained recoveries.

Relative Strength Index (RSI)

The RSI is currently at 41.25, which, while not in oversold territory, is precariously close. This reading suggests that CPRT is not significantly oversold yet, although the proximity to the lower band implies cautiousness. A move below 30 would signal extreme bearish conditions, but the current level indicates there is room for further downside before entering oversold levels.

Bollinger Bands

CPRT is trading near the lower Bollinger Band at $26.84, emphasizing persistent bearish sentiment. Trading close to this band suggests oversold conditions may develop, though it doesn't preclude further downside. The Bands' contraction indicates diminishing volatility, hinting at a potential stabilization before a significant breakout, but current trends favor the downside unless the middle band ($28.91) is breached.

MACD

The MACD line sits at -0.95, with the signal line slightly less negative at -0.91, resulting in a negative histogram of -0.04. The MACD remains in bearish territory, continuing the sequence of negative crossover occurrences. This consistency in the MACD reading supports the overall bearish outlook, indicating that any bullish attempts have been weak and unsustainable.

On Balance Volume (OBV)

The decline in OBV to 15.68 million indicates that selling volume is outpacing buying volume, reflecting exiting investor sentiment. This decline corroborates the downward price movement, identifying a lack of buying interest to counteract the current trend.

Candlestick Patterns

Recent candlestick formations show a mix of indecision followed by bearish confirmation. On July 15, the stock closed with a doji pattern, often indicative of indecision, resolved by a subsequent bearish candlestick on July 16, reinforcing the downward move. This sequence exemplifies the continuation of selling pressure as attempts to rally were met with resistance.

Summary

CPRT's technical indicators collectively highlight a bearish stance supported by moving averages consistently positioned above current pricing, declining RSI, and a negative bias reflected in MACD readings. The declining OBV confirms a selling dominance, reducing the likelihood of significant bounce-back moves. However, the proximity of the RSI to oversold levels, as well as the lower Bollinger Band, presents cautionary risk factors, suggesting potential short-term consolidation or minor pullbacks.

A sustained break below $27.10 could accentuate the downtrend, targeting further declines around $26.50 as sellers maintain control. Near-term traders should exercise caution with stop-loss orders potentially set above the 20-day SMA to hedge against abrupt rallies. Overall, the bearish environment prevails unless CPRT can reclaim and sustain levels above immediate resistance bands ($29).