TAPESTRY INC (TPR) Technical Analysis
NYSE:TPR • US8760301072
Current stock price
TPR Technical Rating and Analysis
Overall TPR gets a technical rating of 8 out of 10. In the last year, TPR was one of the better performers, but we do observe some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, TPR did better than 92% of all other stocks. We also observe that the gains produced by TPR over the past year are nicely spread over this period.
- TPR is one of the better performing stocks in the Textiles, Apparel & Luxury Goods industry, it outperforms 93% of 45 stocks in the same industry.
- TPR is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so TPR is performing more or less in line with the market.
- In the last month TPR has a been trading in the 136.44 - 151.87 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- TPR has an average volume of 2294590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TPR Weekly and Daily overview Charts
TPR Setup Rating and Analysis
TPR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 139.56, a Stop Loss order could be placed below this zone.
More info and screens
TPR Support and Resistance Analysis
98.66
We found 4 important support areas.
- A support zone ranging from 136.91 to 139.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @125.45 from a trend line in the weekly time frame.
- Support @104.10 from a trend line in the daily time frame.
- A support zone ranging from 99.66 to 99.80. This zone is formed by a combination of multiple trend lines in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 141.93 to 144.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @160.50 from a horizontal line in the daily time frame.
TPR Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for TPR is neutral. |
| ChartMill Relative Strength | 92.34 | POSITIVE | TPR has a high relative strength, it outperformed 92.34% 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) | 46.49 | NEUTRAL | The RSI value for TPR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests TPR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.16 | NEUTRAL | The Stochastics value for TPR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.75 | MEDIUM VOLATILITY | The ATR as a percentage value for TPR suggests some volalility. |
| Average Directional Index/ADX (14) | 18.32 | NEGATIVE | The low ADX value for TPR suggests a weak or negative trend. |
TPR Chart- and CandleStick Pattern Analysis
TPR Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 144.33 | 136.90 | 7.43 (5.15%) | 19.43% |
| An entry @144.33. This is a Buy Stop order right above the resistance zone. | An exit @136.90. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 7.43 points, which is 5.15%. | When investing 19.43% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of TPR. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TPR Technicals: Chart, Performance Metrics, Trend & Indicators
141.2
-3.15 (-2.18%)
TAPESTRY INC / TPR TA FAQ
What is the ChartMill technical rating of TAPESTRY INC (TPR) stock?
ChartMill assigns a technical rating of 8 / 10 to TPR.
Can you provide the trend direction for TAPESTRY INC?
The current trend direction for TAPESTRY INC (TPR) is Bullish.
What is the RSI signal for TPR stock?
TAPESTRY INC (TPR) has an RSI value of 46.4887. 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 neutral.
What are the support and resistance levels for TAPESTRY INC (TPR) stock?
TAPESTRY INC (TPR) has a support level at 139.56 and a resistance level at 141.93. Check the full technical report for our detailed analysis of TPR support and resistance levels.