Tapestry Rises 0.35% to $109.88 Amid Bullish Consolidation Signals

Tapestry (TPR) recorded a gain of 0.35% in the latest session, closing at $109.88. This analysis synthesizes key technical perspectives based on historical price action.
Candlestick Theory
Recent price action reveals a complex landscape. The long green candle on 2025-09-15 (3.48% gain) signifies strong buying pressure after testing the $106 level. The subsequent session formed a small-bodied candle near $110, hinting at short-term indecision. Key support appears established around $106-$107, validated by multiple bounces (including 2025-09-10 and 2025-09-15). Resistance is evident near $111 (2025-09-17 high and 2025-08-13 close), coinciding with the psychological $110 level. A bearish engulfing pattern would significantly strengthen below $109.
Moving Average Theory
The moving averages depict a bullish structure undergoing consolidation. Price remains above the rising 200-day average (approximately $85-$87), confirming a long-term uptrend. The 50-day average (approximately $103-$104) acts as dynamic support, reinforced by recent successful tests. The 100-day average (around $97-$98) provides secondary support deeper below. While the 50-day/200-day Golden Cross in May 2025 established a positive bias, the current price hovering below short-term averages like the 10-day suggests near-term consolidation pressure. A decisive break above $111 may signal resumption of the upward trend.
MACD & KDJ Indicators
The MACD line recently crossed above its signal line near the zero axis, potentially indicating developing positive momentum after a consolidation phase. However, the histogram remains relatively flat, suggesting momentum isn't overwhelmingly strong yet. The KDJ oscillators reflect similar ambiguity: the K line is crossing above the D line near the 50 level. While this hints at emerging upward momentum, both lines need to push further towards the overbought zone (>80) to signal robust strength. Currently, they are not confirming oversold or overbought extremes, aligning with the consolidation view.
Bollinger Bands
Volatility, as measured by the bands, has contracted significantly since the extreme expansion during the sharp decline in mid-August 2025. Price is currently trading near the upper band (approximately $111.20), indicating the upper boundary is acting as near-term resistance. The bands tightening reflects decreasing volatility, which typically precedes a more decisive price move. A sustained break above the upper band would be a bullish breakout signal, while a rejection could lead to a test of the middle band (20-day SMA, acting as support near $106-$107).
Volume-Price Relationship
Volume analysis provides crucial context. The massive volume spike during the sharp -15.71% decline on 2025-08-14 indicates capitulation selling. The subsequent recovery rallies (e.g., 2025-08-15, +5.28%) were supported by increasing volume, validating the upward move. More recently, however, upward price movements (e.g., 2025-09-15) have been accompanied by only average volume, while down days sometimes saw relatively higher volume (e.g., 2025-09-12). This divergence raises mild concerns about the sustainability of further advances without a significant increase in buying volume. The latest session's gain on moderate volume is inconclusive alone.
Relative Strength Index (RSI)
The 14-period RSI is estimated around 55-60, placing it firmly in neutral territory. It has recovered significantly from levels near the oversold threshold (<30) seen after the mid-August sell-off (RSI ~39). The failure to reach oversold territory during that significant decline was itself a sign of underlying resilience. While comfortably away from the overbought zone (>70) now, the RSI suggests the stock still has room to climb before becoming technically stretched, provided momentum sustains. Its current level reflects balanced buying and selling pressure.
Fibonacci Retracement
Applying Fibonacci retracement to the major swing high ($114.05 on 2025-08-13) and the significant low ($78.91 on 2025-06-13) provides key potential reversal zones. The 50% retracement level sits near $96.48, while the critical 61.8% level lies near $102.84. Notably, the price found strong support around the 50% level during the August pullback and subsequent consolidation. Recent trading has oscillated around the 61.8% level ($102.84). A sustained move above $103-$105 (approximating confluence between the 61.8% Fib and the psychological $105 level) confirmed the breakout. These levels ($96.48 support, $102.84-$105 breakout zone) remain relevant reference points for future price action within the broader uptrend.
Confluence & Conclusion
Confluence is notable around the $106-$107 support zone, aligning with the 50-day MA, the prior price reaction low (2025-09-10), and the approximate 50% Fibonacci retracement of a smaller pullback. Resistance near $111 is confirmed by recent highs and the Bollinger Band upper boundary. Momentum signals from MACD/KDJ are tentatively positive but lack conviction, while volume has weakened on recent strength, suggesting caution. Overall, Tapestry maintains its long-term bullish structure above key moving averages. However, the technical profile currently suggests potential consolidation within a $106-$111 range in the near term, requiring higher conviction volume on an upside breakout through $111 to confirm a resumption of the primary uptrend, or a breakdown below $106 on volume to signal deeper correction risk.