TAPESTRY INC (TPR) Stock Technical Analysis
USA - NYSE:TPR - US8760301072 - Common Stock
Taking everything into account, TPR scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Although TPR has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
84.06
3 important support areas can be observed.
- Support @106.33 from a horizontal line in the daily time frame.
- Support @99.66 from a horizontal line in the weekly time frame.
- Support @84.91 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 116.14 to 117.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for TPR is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TPR is down. |
| ChartMill Relative Strength | 93.33 | POSITIVE | TPR has a high relative strength, it outperformed 93.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TPR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TPR is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TPR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.28 | NEUTRAL | The RSI value for TPR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.13 | NEGATIVE | The MACD value suggests TPR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.57 | NEUTRAL | The Stochastics value for TPR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.23 | MEDIUM VOLATILITY | The ATR as a percentage value for TPR suggests some volalility. |
| Average Directional Index/ADX (14) | 19.35 | NEGATIVE | The low ADX value for TPR suggests a weak or negative trend. |
109.31
+2.92 (+2.74%)
TAPESTRY INC / TPR FAQ
What is the ChartMill technical rating of TAPESTRY INC (TPR) stock?
ChartMill assigns a technical rating of 7 / 10 to TPR.
What is the current trend direction of TAPESTRY INC (TPR) stock?
The current trend direction for TAPESTRY INC (TPR) is Bullish.
Can you provide the RSI signal for TAPESTRY INC?
TAPESTRY INC (TPR) has an RSI value of 43.2774. This indicates that the stock is currently neutral.
What is the short term momentum for TAPESTRY INC (TPR) stock?
The short term momentum for TAPESTRY INC (TPR) is negative.
Can you provide the support and resistance levels for TAPESTRY INC?
TAPESTRY INC (TPR) has a support level at 106.33 and a resistance level at 116.14. Check the full technical report for our detailed analysis of TPR support and resistance levels.