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Advanced TA SearchArchive
- 4/5/2024 -
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Capri Hold (CPRI) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Capri Hold (CPRI). During the week, the CPRI dropped -1.55 points, or -3.42%, and closed at 43.75 on Friday, April 5, 2024. It was the worst weekly loss since November 10, 2023. Weekly volume was -61% below average.
 Long-term trend: [See CPRI long-term trend chart]
A long-term downtrend had started on February 10, 2022 at 72.37 and reached 34.17 on July 6, 2023. CPRI lost 38.20 points, or 52.78%, in 73 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 31.85 and resistance is at 66.20. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.
 Medium-term trend: [See CPRI medium-term trend chart]
A medium-term downtrend had started on August 10, 2023 at 54.52 and reached 43.74 on April 5, 2024. CPRI lost 10.78 points, or 19.77%, in 34 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See CPRI weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. 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, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is below its signal line since November 17, 2023. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.
 Short-term trend: [See CPRI short-term trend chart]
A short-term downtrend had started on March 18, 2024 at 46.91 and reached 43.74 on April 5, 2024. CPRI lost 3.17 points, or 6.76%, in 18 days. The chart has formed a Falling Wedge chart pattern.
 Daily Technical Indicators: [See CPRI daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.
The daily MACD line is below its signal line since March 20, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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