RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of TPR
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Green day on Thursday for Tapestry Inc. stock after gaining 1.71%
(Updated on Mar 28, 2024)

Buy candidate since Mar 27, 2024 Gain 1.71% PDF

The Tapestry Inc. stock price gained 1.71% on the last trading day (Thursday, 28th Mar 2024), rising from $46.68 to $47.48. During the last trading day the stock fluctuated 1.80% from a day low at $46.78 to a day high of $47.62. The price has fallen in 6 of the last 10 days but is still up by 0.27% over the past 2 weeks. Volume fell on the last day by -451 thousand shares and in total, 3 million shares were bought and sold for approximately $144.89 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $45.86 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 34.36% during the next 3 months and, with a 90% probability hold a price between $61.62 and $72.53 at the end of this 3-month period.

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TPR Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, February 23, 2024, and so far it has fallen -2.20%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The Tapestry Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $46.79 and $46.49. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Tapestry Inc. stock

Tapestry Inc. finds support from accumulated volume at $46.84 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.84 between high and low, or 1.80%. For the last week the stock has had daily average volatility of 2.05%.

Our recommended stop-loss: $45.75 (-3.64%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 24 days ago.)

Trading Expectations (TPR) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Tapestry Inc. to open at $47.29, and during the day (based on 14 day Average True Range), to move between $46.40 and $48.56, which gives a possible trading interval of +/-$1.08 (+/-2.27%) up or down from last closing price. If Tapestry Inc. takes out the full calculated possible swing range there will be an estimated 4.54% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $47.53 (0.11%) than the support at $46.84 (1.35%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Tapestry Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Tapestry Inc. stock to perform well in the short-term.

Current score: 3.677 Buy Candidate Unchanged

Predicted Opening Price for Tapestry Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$47.29 ( 0.393%) $47.48

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for TPR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 48.13 1.38 %
R2 47.81 0.700 %
R1 47.61 0.283 %
Current price: 47.48
Support S1 46.97 -1.07 %
S2 46.77 -1.49 %
S3 46.45 -2.16 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 47.80 0.674 %
R2 47.62 0.295 %
R1 47.53 0.105 %
Current price 47.48
Support S1 46.84 -1.35%
S2 42.99 -9.46%
S3 42.00 -11.54%

TPR Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 08, 2024 Mar 08, 2024 Mar 25, 2024 $0.350 0.768%
2 Feb 08, 2024 Mar 07, 2024 Mar 25, 2024 $0.350 0.768%
3 Nov 09, 2023 Dec 07, 2023 Dec 26, 2023 $0.350 0.93%
4 Aug 11, 2023 Sep 07, 2023 Sep 25, 2023 $0.350 1.23%
5 May 19, 2023 Jun 08, 2023 Jun 26, 2023 $0.300 0.701%

FAQ

What is the symbol for Tapestry Inc. Stock and on which exchange is it traded?
The symbol for Tapestry Inc. is TPR and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Tapestry Inc. Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Tapestry Inc. stock to perform well in the short-term.

How to buy Tapestry Inc. Stock?
Tapestry Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Tapestry Inc. Stock.

What's the current price of Tapestry Inc. Stock?
As of the end of day on the 2024-03-28, the price of an Tapestry Inc. (TPR) share was $47.48.

What is the 52-week high and low for Tapestry Inc. Stock?
The 52-week high for Tapestry Inc. Stock is $48.80 and the 52-week low is $25.99.

What is the market capitalization of Tapestry Inc. Stock?
As of the 2024-03-28, the market capitalization of Tapestry Inc. is 10.89B.

When is the next earnings date for Tapestry Inc.?
The upcoming earnings date for Tapestry Inc. is May 09, 2024.
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About Tapestry Inc.

Tapestry. Tapestry, Inc. provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates through three segments: Coach, Kate Spade, and Stuart Weitzman. The company offers women's accessories, including handbags, such as wallets, money pieces, wristlets, and cosmetic cases; novelty accessories comprising address books, time management and travel accessories, sketchbooks, and p... TPR Profile

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