Tapestry TPR Stock & Option Trade Ideas

Stock Analysis
Stock Analysis Report
Date and Time: 2024-05-31 04:58:58 PM CT

Based on the technical data for TPR (Tapestry Inc.), we can determine the current market sentiment:

1. Moving Average Convergence Divergence (MACD): The MACD line is below the Signal line, indicating a bearish signal.

2. Bollinger Bands: The price is currently below the middle Bollinger Band, suggesting a bearish trend.

3. Relative Strength Index (RSI): The RSI value is fluctuating around 50, indicating neutral market sentiment.

4. Volume: The trading volume has been relatively stable in recent days.

Based on this information, the overall sentiment for TPR is bearish in the short term.

For potential stock or option trades for TPR in the coming days:

1. Stock Trade: Consider initiating a short position or selling TPR stock to profit from the expected bearish trend.

2. Option Trade: Since the market sentiment is bearish, you may want to consider buying put options on TPR. This will allow you to profit from a potential decrease in the stock price.

© 2024 Stock Analysis by MyStockXRay.com

Monthly Premium Access

19.99$ / 1 Month

with a 7 days free trial

Access Thousands Of Daily Trade Ideas Based On AI Technical Analysis.

Plus full access to all:

  • Earnings Analysis
  • Risk Analysis
  • Growth Analysis
  • and more!
Buy Now

Yearly Premium

Access

199$ / 1 Year

with a 14 days free trial

Access Thousands Of Daily Trade Ideas Based On AI Technical Analysis.

Plus full access to all:

  • Earnings Analysis
  • Risk Analysis
  • Growth Analysis
  • and more!

Everything in the Monthly Premium Access plan, at 17% off.

Buy Now

More Trade Reports