Copart, Inc. ($CPRT) And Monro, Inc. ($MNRO) Square Off

2019-08-20 | Welcome! Today we compared how two different stocks in the Automotive Aftermarket industry are trading: Copart, Inc. and Monro, Inc. . While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, Copart, Inc. opened at 75.2, got to a maximum price of 75.88 and dropped to as low as 74.8 before finishing the session at 75.5. In total there were 865700 shares traded, which is enough to conduct our analysis. Compare that now to Monro, Inc. , which opened at 82.38, had a high of 83.59, a low of 78.88, closed at 78.95 and had a total volume of 304000.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator Copart, Inc. Monro, Inc.
Accumulation-distribution index 677.40294 666.94708
on-balance volume -74.55 82.08
chaikin money flow

2.17647 6.78512
force index

0.6783 -2.0825
ease of movement rating

0.00186 0.05086
volume-price trend

4.61642 -2.78284
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator Copart, Inc. Monro, Inc.
Average true range 0.60417 1.66103
Bolinger bands 75.40338 79.72225
Upper bollinger band 73.53662 78.47775
Lower bollinger band

74.8 78.88
Bollinger high band indicator

nan 1.0
Bollinger high low indicator

1.0 1.0
Central keltner channel

75.29333 81.61667
High band keltner channel

74.61333 80.40667
Low band keltner channel

75.97333 82.82667
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

74.8 78.88
Donchain channel low band

74.8 78.88
Donchain channel high band indicator

nan 1.0
Donchain channel low band indicator

1.0 1.0

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator Copart, Inc. Monro, Inc.
Moving Average Convergence Divergence (MACD) trend_macd 0.00987
MACD signal -0.00823 0.00548
MACD difference -0.00658 0.00439
fast Exponential Moving Average (EMA) indicator

74.8 78.88
slow Exponential Moving Average (EMA) indicator

74.8 78.88
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 20.0
ADX negative

20.0 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

0.20622 0.09803
trix

2.9465 -2.85371
Mass Index (MI)

1.0 1.0
Commodity Channel Index (CCI)

-66.66667 -66.66667
Detrended Price Oscillator (DPO)

-4.39928 2.90054
KST Oscillator (KST)

62.48909 -35.46736
KST Oscillator (KST Signal)

62.48909 -35.46736
KST difference

-2.34373 1.34506
Ichimoku rating

75.54 82.985
Ichimoku B rating

75.54 82.985
Ichimoku visual trend A

72.32802 83.72537
Ichimoku visual trend B

74.19198 83.86878
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

-4.0 4.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator Copart, Inc. Monro, Inc.
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 100.0 50.66995
True Strength Index (TSI) 100.0 -100.0
ultimate oscillator

91.66541 -483.85881
stochastic oscillator

158.82353 389.2562
stochastic oscillator signal

158.82353 389.2562
Williams %R rating

58.82353 289.2562
awesome oscillator

-0.0105 -0.36158

RETURNS: That’s all for technical analysis. Now let’s just list the returns for Copart, Inc. and Monro, Inc. .

Daily return 6.24891 -3.54674
Daily log return -0.88627 0.55626
Cumulative return -0.88235 0.55781

So there you have it: our deep, grueling analysis comparing Copart, Inc. and Monro, Inc. together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s Copart, Inc.:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether CPRT is strong or weak. Again – this is not a reliable indication of whether Copart, Inc. is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with Monro, Inc.

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Gary Ivenchuck

Gary is a stock trading expert and is responsible for covering technical analysis news on Logistics Business Review. Recently he has been working tirelessly to analyse stocks for our readers, and is always available to hear from people asking for stock analysis.

gary@logistics-business-review.com
Gary Ivenchuck

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