TAPESTRY INC (TPR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TPR - US8760301072 - Common Stock
We assign a technical rating of 10 out of 10 to TPR. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TPR is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- 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 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.
- In the last month TPR has a been trading in the 121.95 - 136.04 range, which is quite wide. It is currently trading near the high of this range.
- TPR has an average volume of 3085470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
TPR has an excellent technical rating, but the quality of the setup is only medium 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
91.08
When analyzing the support we can see 5 important areas.
- Support @134.03 from a trend line in the daily time frame.
- A support zone ranging from 127.76 to 129.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 110.51 to 112.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 134.39 to 134.39. 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 | UP | POSITIVE | The short term trend for TPR is up. |
| ChartMill Relative Strength | 92.91 | POSITIVE | TPR has a high relative strength, it outperformed 92.91% 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) | 69.32 | NEUTRAL | The RSI value for TPR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests TPR has a negative trend. |
| Stochastics (14,3) | 81.9 | OVERBOUGHT | The high Stochastics value suggests TPR may be overbought. |
| Average True Range in percent/ATR (20) | 2.23 | MEDIUM VOLATILITY | The ATR as a percentage value for TPR suggests some volalility. |
| Average Directional Index/ADX (14) | 40.95 | POSITIVE | The high ADX value value for TPR suggests a strong trend. |
134.38
+0.68 (+0.51%)
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 69.3241. 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.