Tapestry Extends Losses With 4.96% Drop As Technicals Turn Bearish

Tapestry (TPR) declined 4.96% in the most recent session to $107.80, extending its losing streak to two days with a cumulative 7.18% drop. This downward momentum is analyzed below using multiple technical frameworks.
Candlestick Theory
Recent candlestick patterns reveal bearish momentum. The session on 2025-09-25 formed a long-bodied bearish candle following another red candle on 2025-09-24, confirming selling pressure near the $117 resistance level. Key support emerges at the August swing low of $92.62 and the recent double-bottom near $106.20–$106.26. Resistance is now established at the breakdown point near $113.22, with stronger resistance at the $117 peak.
Moving Average Theory
The 50-day moving average (recently near $110–$112) crossed below the 100-day average (approximately $100–$102), signaling deteriorating intermediate momentum. The current price ($107.80) trades below the 50-day MA but above the 200-day MA (estimated near $85–$90), reflecting a neutral-to-bearish near-term bias within a longer-term uptrend.
MACD & KDJ Indicators
MACD shows a bearish crossover, with the signal line exceeding the MACD line as momentum deteriorates. KDJ indicators are approaching oversold territory (K and D near 20–30), though not yet at extreme levels. This divergence—bearish MACD versus potentially oversold KDJ—suggests weakening downside momentum but lacks confirmation for a reversal.
Bollinger Bands
Volatility expanded sharply during the two-day sell-off, with price piercing the lower band intraday. The close at $107.80 remains near the lower band periphery, indicating ongoing bearish pressure. Band expansion aligns with heightened selling activity, though a reversion toward the 20-day midline ($110–$112) may occur if volatility contracts.
Volume-Price Relationship
Volume increased 27.8% to 4.19 million shares during the latest decline, validating bearish conviction. This contrasts with the preceding rally’s lower volume (e.g., 3.27 million shares on 2025-09-24 during a 2.34% loss), indicating stronger confirmation for downward moves than prior gains. Sustained high volume would reinforce bearish momentum.
Relative Strength Index (RSI)
The 14-day RSI has fallen sharply from neutral levels (near 50) toward potential oversold territory (approaching 30). This aligns with the recent acceleration of losses but has yet to reach extreme levels (sub-30). While this may precede a short-term bounce, RSI alone does not confirm a reversal without corroborating signals.
Fibonacci Retracement
Applying Fib levels to the upswing from $92.62 (2025-08-14 low) to $117 (2025-09-24 high), the 38.2% retracement at $107.69 provided intraday support on 2025-09-25 (low: $106.26). A decisive break below this level would expose the 50% retracement at $104.80. Conversely, resistance emerges at the 23.6% level ($111.25) and the psychological $113 barrier.
Confluence and Divergences
Confluence exists at $107.69–$106.26, where Fibonacci support, the August swing low, and Bollinger’s lower band converge. Divergence appears between bearish MACD/volume signals and oversold KDJ/RSI readings, suggesting potential near-term consolidation. A break below $106.20 would indicate continuation toward $104.80 (Fibonacci 50%), while recovery above $111.25 could signal short-term stabilization.