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Uptrend ExhaustionArchive
- 12/13/2024 -
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Tapestry, (TPR) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Tapestry, (TPR). During the week, the TPR gained 0.95 points, or 1.53%, and closed at 63.20 on Friday, December 13, 2024. Weekly volume was 26% above average.
TPR is a member of Consumer Discretionary Sector. Consumer Discretionary is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See TPR long-term trend chart]
A long-term uptrend had started on August 5, 2024 at 35.23 and reached 65.30 on December 3, 2024. TPR gained -30.07 points, or -85.35%, in 17 weeks. The price is now at the 6.98% retracement level.
 Medium-term trend: [See TPR medium-term trend chart]
A medium-term uptrend had started on October 23, 2024 at 43.07 and reached 65.30 on December 3, 2024. TPR gained -22.23 points, or -51.61%, in 5 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 62.56 and resistance is at 69.51. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See TPR weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Williams' Percentage Range or strongly overbought weekly 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 above its signal line since September 13, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 December 11, 2024 at 61.35 and reached 63.33 on December 13, 2024. TPR gained -1.98 points, or -3.23%, in 2 days. The price is now at the 6.57% retracement level.
 Daily Technical Indicators: [See TPR daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
A Parabolic SAR (stop and reversal) indicator (63.73) comes close to the price (63.20). It indicates that the trend is getting weaker. 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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