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CPRT

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BOTTOMING ATTEMPT
Support
$32.8
Resistance
$34.0
CPRT Copart Inc. daily candlestick chart with 50-day and 200-day moving averages, EMA crossovers, and RSI momentum indicator — bottoming attempt as of May 22, 2026
CPRT Daily chart 2026-05-22 20:37:38 UTC
AI-generated analysis — not financial advice. For educational purposes only.

CPRT Daily Technical Analysis Summary

As of May 22, 2026, CPRT (Copart Inc.) is in a bottoming attempt state on the daily chart, with a confidence level of 58%. Key support is at $32.8 and key resistance at $34.0. Price is basing around $33–$34 after a long LH/LL decline; small bounce with RSI ~53 but still under most major MAs (EMA50/EMA100/SMA100).

Price Scenarios & Targets

bullish

Base holds and price grinds higher into the declining MA stack; likely a relief rally that tests the first major supply zone (EMA100/SMA100), then a pullback retest before a second push.

Price Target
$39.5
Path to target
First move
$36.0
Pullback
$34.2
Final target
$39.5

bearish

Downtrend reasserts: failure at $34–$36 and breakdown of the base triggers a continuation leg to fresh lows, consistent with an Elliott Wave-like final C/5 washout.

Price Target
$29.5
Path to target
First move
$31.5
Pullback
$33.8
Final target
$29.5

Key Triggers

Confirmation & Invalidation

✓ Confirmation

2+ daily closes above $34.00 and then a push/hold above $36.00 (EMA100/SMA100 area).

✗ Invalidation

Daily close below $32.50 (loss of the recent base/swing-low support).

Position Entry & Exit Levels

⊕ Add

Start $32.8 – $33.6
Add $31.4 – $32.2
Heavy $29.4 – $30.4

Start near repeated base support; add on breakdown-retest of support; heavy add only on capitulation into next Fibonacci/round-number demand zone while trend MAs still overhead.

⊖ Derisk

Trim 1 $39.0 – $41.0
Trim 2 $44.0 – $48.0
Close $55.0 – $62.0

Trim into major MA resistances (SMA200/EMA200 zone near low $40s then higher supply); fully close only if a full mean-reversion/multi-year retest toward prior breakdown region occurs.

Frequently Asked Questions

What is the daily technical outlook for CPRT today?

As of May 22, 2026, CPRT (Copart Inc.) is in a bottoming attempt state on the daily chart with 58% confidence. Price is basing around $33–$34 after a long LH/LL decline; small bounce with RSI ~53 but still under most major MAs (EMA50/EMA100/SMA100).

What are the daily support and resistance levels for CPRT?

On the daily timeframe, CPRT has key support at $32.8 and key resistance at $34.0. The most likely scenario (bullish) targets $36.0 and $39.5, with a revert level at $34.2.

Is CPRT in an uptrend or downtrend?

CPRT (Copart Inc.) is currently classified as bottoming attempt on the daily chart, with 58% confidence. Confirmation requires: 2+ daily closes above $34.00 and then a push/hold above $36.00 (EMA100/SMA100 area). This would be invalidated by: Daily close below $32.50 (loss of the recent base/swing-low support).

What are the price targets for CPRT?

The most likely scenario (bullish) targets $36.0 and $39.5, with a revert level at $34.2. The alternative scenario (bearish) targets $31.5 and $29.5.

Other Timeframes for CPRT
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