The Greedy Trader Weekly Analysis
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Price vs. Lower Bollinger Band:Below
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Bollinger Band crossover - Stock market timing signal.

The Bollinger bands indicator developed by John Bollinger in the early 1980s is one of the most popular and powerful trading tools. These bands are charted two standard deviations away from a simple moving average, and they provide a relative definition of high and low. Bollinger bands trading technique uses one band as an entry point exit of the other. The center band presents a neutral support/resistance level. As with most indicators, signals generated by bollinger band crossover should be confirmed using complimentary indicators.

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- 4/19/2024 -
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Capri Hold (CPRI) Technical Analysis

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Summary:
Weekly :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal line
Daily :Broken trend support line - Downtrend exhaustionRelative Strength Index oversoldWilliams' Percentage Range and Lane's Stochastic are strongly oversoldStochastic has raised above the signal lineThe period of high volatility of the stock price
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It was the negative week for the Capri Hold (CPRI). During the week, the CPRI dropped -0.78 points, or -1.98%, and closed at 38.53 on Friday, April 19, 2024. Weekly volume was 67% above 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 price is now at the 11.41% retracement level.

Medium-term trend: [See CPRI medium-term trend chart]
A medium-term downtrend had started on August 10, 2023 at 54.52 and reached 37.38 on April 19, 2024. CPRI lost 17.14 points, or 31.44%, in 36 weeks. The price is now at the 6.71% retracement level.

Weekly Technical Indicators: [See CPRI weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). 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, 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. 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 37.38 on April 19, 2024. CPRI lost 9.53 points, or 20.32%, in 32 days. The chart has formed a Falling Wedge chart pattern. The downtrend support line (43.91) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 short-term trend.

Daily Technical Indicators: [See CPRI daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). 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 relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

The distance between the Bollinger Bands is 142.43% higher then one year average. It indicates the period of high volatility of the stock price. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 14.68
Oversold
Williams' Percentage Range (W%R) 97.60
Strong Oversold
Lane's Stochastic (%D-Slow) 7.14
Strong Oversold
Greed/Fear Indicator (GFI) 8.08
Strong Oversold
Moving Average Converg./Diverg. (MACD) -1.55
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 9.97
Strong Oversold
Williams' Percentage Range (W%R) 98.50
Strong Oversold
Lane's Stochastic (%D-Slow) 7.34
Strong Oversold
Greed/Fear Indicator (GFI) 12.80
Oversold
Moving Average Converg./Diverg. (MACD) -0.41
Trading Signals
Description Value Chart
Upper Bollinger Band 47.64
50 Day Moving Average 44.97
Weekly Trendline Resistance 44.43
Weekly Trendline Support 43.91
20 Day Moving Average 42.63
Parabolic System 39.41
Price 38.53
Weekly Stochastic Crossing 38.07
Daily Stochastic Crossing 37.85
Lower Bollinger Band 36.29
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 6
Industry Apparel, Accessories & Luxury Goods 16
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 45.70
High Date 04/03/2024
Low 37.38
Low Date 04/19/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Support
Resistance 44.43
Support 43.91
High 46.91
High Date 03/18/2024
Low 37.38
Low Date 04/19/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 51.23
High Date 01/11/2024
Low 37.38
Low Date 04/19/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 54.52
High Date 08/10/2023
Low 37.38
Low Date 04/19/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 72.37
High Date 02/10/2022
Low 34.17
Low Date 07/06/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.