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Archive
- 4/26/2024 -
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Tapestry, (TPR) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Tapestry, (TPR). During the week, the TPR dropped -0.57 points, or -1.40%, and closed at 40.05 on Friday, April 26, 2024. Weekly volume was 28% above average.
 Long-term trend: [See TPR long-term trend chart]
A long-term downtrend had started on February 2, 2023 at 47.48 and reached 25.99 on November 1, 2023. TPR lost 21.49 points, or 45.26%, in 38 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (40.68). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.
 Medium-term trend: [See TPR medium-term trend chart]
A medium-term uptrend had started on November 1, 2023 at 25.99 and reached 48.80 on February 23, 2024. TPR gained -22.81 points, or -87.76%, in 16 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (47.56) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. TPR may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.
 Weekly Technical Indicators: [See TPR weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 12, 2024. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See TPR short-term trend chart]
A short-term uptrend had started on April 23, 2024 at 38.73 and reached 40.38 on April 26, 2024. TPR gained -1.65 points, or -4.26%, in 3 days. The price is now at the 20.00% retracement level.
 Daily Technical Indicators: [See TPR daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since February 29, 2024. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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