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Downtrend Broken Resist.Archive - 7/19/2024 - Sign In to see current Signals. |
Capri Hold (CPRI) Technical Analysis
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| Summary:
| | Weekly :![Oversold sector](images\bullish.gif) | | Daily :![Broken trend support line](images\bearish.gif) ![Stochastic has declined below the signal line](images\bearish.gif) ![The price has fallen below the Parabolic SAR](images\bearish.gif) ![Price has crossed below the 50 Day Moving Average](images\bearish.gif) ![The price has declined below the moving average in the center of the Bollinger Bands](images\alert_signals.gif) Move cursor over the icon to see details.
| | It was the negative week for the Capri Hold (CPRI). During the week, the CPRI dropped -2.13 points, or -5.95%, and closed at 33.68 on Friday, July 19, 2024. Weekly volume was -41% below average. CPRI is a member of Consumer Discretionary Sector. Consumer Discretionary is the second most oversold 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 CPRI long-term trend chart] A long-term downtrend had started on February 10, 2022 at 72.37 and reached 30.79 on June 21, 2024. CPRI lost 41.58 points, or 57.45%, in 123 weeks. The price is now at the 6.95% 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 30.79 on June 21, 2024. CPRI lost 23.73 points, or 43.53%, in 45 weeks. The price is now at the 12.18% retracement level.
Weekly Technical Indicators: [See CPRI weekly technical indicators chart] Weekly technical indicators are neutral. 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 and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
Short-term trend: [See CPRI short-term trend chart] A short-term uptrend had started on June 21, 2024 at 30.79 and reached 35.93 on July 12, 2024. CPRI gained -5.14 points, or -16.69%, in 21 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (36.98) is broken. A broken support is considered to be a long-term bearish signal. 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 technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 link to access Lane's Stochastic help. The daily MACD line is above its signal line since June 24, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak. During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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. During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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. During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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