After ending yesterday at $43.09, Tapestry is currently trading at $43.46.
- Tapestry is currently trading at $43.46 following the release of Existing Home Sales (Mar) data from the United States.
- Tapestry hasn't traded above $43.49 for 6 weeks and a half.
- Today's session seems to be pointing upwards and is building on Tapestry's 9 days of gains (+$2.96).
United States Existing Home Sales (Mar) came out at 4.44 million, while a consensus of analysts was expecting 4.5 million. United States Philadelphia Fed Manufacturing Index (Apr) released today at 12:30 UTC with a figure of -31.3, while the previous figure was -23.2.
Visual analysis of Tapestry's chart shows that Tapestry Inc could be slowing down soon as it approaches resistance at $43.46. Of course, crossing it might suggest further gains are ahead. Trend-focused traders would be interested to note that investors are seeking long positions as Tapestry price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Asset volatility analysis shows that Tapestry's upper Bollinger Band® is at $43.61, this is a slight indication of a slowdown.
Overall, while Tapestry has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Tesla is trading around $166.03 (down 8.07%). Toyota is down to $134.09, losing 0.87%, after ending yesterday at $135.26. Alibaba is down to $92.25, losing 1.33%, after ending yesterday at $93.49.
Trading mostly sideways for 2 months. The modern luxury accessories and lifestyle brands specialist has appreciated 40.77% over the past six months.