TAPESTRY INC (TPR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TPR - US8760301072 - Common Stock
Taking everything into account, TPR scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, TPR has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that TPR is one of the better performing stocks in the market, outperforming 92% of all stocks. We also observe that the gains produced by TPR over the past year are nicely spread over this period.
- TPR is part of the Textiles, Apparel & Luxury Goods industry. There are 45 other stocks in this industry. TPR outperforms 95% of them.
- TPR is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- TPR has an average volume of 2989640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month TPR has a been trading in the 123.19 - 136.04 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, TPR also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 130.68, a Stop Loss order could be placed below this zone.
More info and screens
91.08
We found 5 important support areas.
- A support zone ranging from 130.65 to 130.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 111.29 to 112.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @107.97 from a trend line in the daily time frame.
- Support @99.66 from a horizontal line in the weekly time frame.
- Support @92.00 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 132.56 to 134.39. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The short term trend for TPR is up. |
| ChartMill Relative Strength | 92.03 | POSITIVE | TPR has a high relative strength, it outperformed 92.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TPR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TPR is above 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) | 57.83 | NEUTRAL | The RSI value for TPR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.59 | NEGATIVE | The MACD value suggests TPR has a negative trend. |
| Stochastics (14,3) | 58.01 | NEUTRAL | The Stochastics value for TPR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.33 | MEDIUM VOLATILITY | The ATR as a percentage value for TPR suggests some volalility. |
| Average Directional Index/ADX (14) | 40.26 | POSITIVE | The high ADX value value for TPR suggests a strong trend. |
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 |
|---|---|---|---|
| 134.40 | 130.64 | 3.76 (2.80%) | 25.00% |
| An entry @134.40. This is a Buy Stop order right above the resistance zone. | An exit @130.64. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.76 points, which is 2.80%. | For a 0.70% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
130.69
-2.37 (-1.78%)
TAPESTRY INC / TPR FAQ
What is the ChartMill technical rating of TAPESTRY INC (TPR) stock?
ChartMill assigns a technical rating of 10 / 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 TAPESTRY INC (TPR) stock?
TAPESTRY INC (TPR) has an RSI value of 57.8322. This indicates that the stock is currently neutral.
What is the short term momentum for TPR stock?
The short term momentum for TAPESTRY INC (TPR) is positive.
What is the buy/sell signal for TAPESTRY INC (TPR) stock?
The buy/sell signal for TAPESTRY INC (TPR) is buy as both the short term and long term trends are positive.