Copart, Inc. (CPRT)

Current Price: $28.00
Date: July 24, 2026

CPRT's recent price action indicates a potential bearish outlook, closing at $28.00 on July 24, 2026. The stock is trading below key moving averages, highlighting a broader downtrend, while recent candlestick formations also suggest potential future price declines. Despite minor recoveries, CPRT appears poised for further downside unless significant resistance levels can be breached.

Technical Indicator Summary Table

Moving Averages

The 20-day Simple Moving Average (SMA) at $28.19 is currently acting as near-term resistance, with CPRT's price unable to sustainably reclaim this level. This reinforces a bearish sentiment as the price remains below both the 50-day SMA at $30.25 and the 100-day SMA at $32.40, emphasizing a downtrend across short-, medium-, and long-term horizons. This downward pressure suggests the stock's inability to reverse without overcoming significant resistance.

The Exponential Moving Averages (EMAs) further underscore this bearish sentiment. The 12-day EMA at $27.79 is below the 26-day EMA at $28.61, signaling ongoing negative momentum. CPRT's price below these EMAs indicates that any upward movements are currently corrective within a larger downtrend.

Relative Strength Index (RSI)

The RSI level of 44.48 indicates the stock is moving out of the oversold territory, entering a more neutral zone. This bounce hints at potential short-term corrective price action but remains below the pivotal 50 level, suggesting that bearish control persists.

Bollinger Bands

CPRT is trading towards the middle Bollinger Band at $28.19 after nearing the lower band in previous sessions. This movement indicates potential volatility, yet the proximity to the middle band and persistent resistance at the 20-day SMA suggests limited upside potential unless a clear breakout occurs. The Bollinger Bands remain wide, suggesting the potential for further volatile moves.

MACD

The MACD line at -0.82, still below the signal line of -0.90, indicates continued bearish momentum. The slightly positive histogram of 0.08 reflects a diminishment in the bearish slope, suggesting a possible slowing in the downtrend, but this reduction is not yet sufficient to infer a reversal.

On Balance Volume (OBV)

The OBV has shown mixed signals over recent sessions, standing at 15.10 million currently. A rising OBV on July 24, indicative of buying interest, contrasts with earlier declining patterns. While this could suggest potential interest at lower price levels, it remains to be established as a sustained trend, highlighting the risk of further declines.

Candlestick Patterns

The candlesticks over recent days reveal a mix of indecisive and small-bodied candles, with frequent shadow formations reflecting market uncertainty. Notably, the July 23 candlestick was a small rebound but lacked follow-through closing power shown by the July 24 inside bar, which suggests a pause in immediate downward momentum but lacks strength to signal a reversal. Bearish candles in prior sessions remain indicative of the current downtrend.

Summary

Overall, CPRT showcases a bearish technical setup with consistent trading below key moving averages and waning positive momentum as indicated by MACD and RSI levels. While minor signs of relief are noted in the RSI and OBV, the broader trend remains downward barring a decisive break above current SMA and EMA resistances. Continued vigilance at the entrenched resistance of the 50-day SMA ($30.25) and 20-day SMA ($28.19) is recommended, with potential declines to re-test the lower Bollinger Band near $26.30 if resistance holds.

For traders and investors, it's advisable to maintain a cautious outlook, leaning bearish unless market conditions change significantly to warrant a reversal. Stop-loss orders should be considered near recent highs to manage risk exposure effectively.