TAPESTRY INC (TPR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TPR - US8760301072 - Common Stock
Overall TPR gets a technical rating of 10 out of 10. 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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86.87
5 important support areas can be observed.
- A support zone ranging from 107.88 to 110.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 103.75 to 105.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @101.41 from a horizontal line in the weekly time frame.
- Support @98.81 from a horizontal line in the daily time frame.
- Support @87.75 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important 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 | UP | POSITIVE | The short term trend for TPR is up. |
| ChartMill Relative Strength | 92.95 | POSITIVE | TPR has a high relative strength, it outperformed 92.95% 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) | 61.23 | NEUTRAL | The RSI value for TPR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.36 | POSITIVE | The MACD value suggests TPR has a positive trend. |
| Stochastics (14,3) | 86.05 | OVERBOUGHT | The high Stochastics value suggests TPR may be overbought. |
| Average True Range in percent/ATR (20) | 3.95 | MEDIUM VOLATILITY | The ATR as a percentage value for TPR suggests some volalility. |
| Average Directional Index/ADX (14) | 19.75 | NEGATIVE | The low ADX value for TPR suggests a weak or negative trend. |
115.06
+3.14 (+2.81%)
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.
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 61.2286. 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 positive.
Can you provide the support and resistance levels for TAPESTRY INC?
TAPESTRY INC (TPR) has a support level at 110.27 and a resistance level at 116.14. Check the full technical report for our detailed analysis of TPR support and resistance levels.