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. 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.
Although TPR has an excellent technical rating, it does not offer a high quality setup 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.
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90.38
When analyzing the support we can see 3 important areas.
- A support zone ranging from 127.76 to 132.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 109.99 to 111.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @91.29 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 134.36 to 134.36. 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 | 94.14 | POSITIVE | TPR has a high relative strength, it outperformed 94.14% 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) | 70.33 | OVERBOUGHT | The high RSI value suggests TPR may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests TPR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 84.8 | OVERBOUGHT | The high Stochastics value suggests TPR may be overbought. |
| Average True Range in percent/ATR (20) | 2.38 | MEDIUM VOLATILITY | The ATR as a percentage value for TPR suggests some volalility. |
| Average Directional Index/ADX (14) | 40.79 | POSITIVE | The high ADX value value for TPR suggests a strong trend. |
134.35
+0.83 (+0.62%)
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 70.3323. This indicates that the stock is currently overbought.
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.