As of May 22, 2026, CPRT (Copart Inc.) is in a downtrend state on the monthly chart, with a confidence level of 72%. Key support is at $33.4 and key resistance at $34.9. Monthly down-leg from the ~$60s peak has compressed into a sharp selloff; price at $33.76 is sitting on/just above SMA100 ($33.44) but still below EMA100 ($34.86) and well below EMA50 ($42.25)/SMA50 ($43.91); RSI14 ~35.7 (weak momentum).
Base-building attempt around SMA100/EMA100: price chops between ~$33-$36, then grinds up to retest the breakdown area near the falling EMA50/SMA50 cluster; Elliott: likely Wave C/5 exhaustion nearing, followed by an ABC relief bounce; Fib (rough from ~$63 peak to ~$33 low): first meaningful retrace zone is 0.382–0.5 (~$44–$48). Prob ~60%.
Support fails: monthly close loses SMA100 and price slides toward the longer-term EMA200/SMA200 band; this would fit a continuation Wave 5 down (or Wave C extension) with capitulation risk before a durable base. Prob ~40%.
Monthly close below $33.40 (SMA100) would confirm continued downtrend pressure
Two consecutive monthly closes above $42.30 (EMA50) would invalidate the downtrend state and shift toward BREAKOUT_REVERSAL
Start near SMA100 pivot support; add on confirmed break/retest lower support; heavy add only near major long-term mean-reversion zone (EMA200 ~$24.61 / prior base region).
Trim into the first big MA cluster/0.382–0.5 retrace; trim more into prior distribution zone; close into full round-trip to prior highs + extension where multi-year upside gets most stretched.
As of May 22, 2026, CPRT (Copart Inc.) is in a downtrend state on the monthly chart with 72% confidence. Monthly down-leg from the ~$60s peak has compressed into a sharp selloff; price at $33.76 is sitting on/just above SMA100 ($33.44) but still below EMA100 ($34.86) and well below EMA50 ($42.25)/SMA50 ($43.91); RSI14 ~35.7 (weak momentum).
On the monthly timeframe, CPRT has key support at $33.4 and key resistance at $34.9. The most likely scenario (bullish) targets $36.0 and $43.9, with a revert level at $34.9.
CPRT (Copart Inc.) is currently classified as downtrend on the monthly chart, with 72% confidence. Confirmation requires: Monthly close below $33.40 (SMA100) would confirm continued downtrend pressure This would be invalidated by: Two consecutive monthly closes above $42.30 (EMA50) would invalidate the downtrend state and shift toward BREAKOUT_REVERSAL
The most likely scenario (bullish) targets $36.0 and $43.9, with a revert level at $34.9. The alternative scenario (bearish) targets $31.0 and $24.6.
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