Nov. 13 at 1:37 AM
$TPR is currently trading at
$102.57, below both the 30-day moving average (MA30) of
$112.26 and the 50-day moving average (MA50) of
$111.06, indicating a bearish trend. The RSI at 31.11 suggests that the stock is oversold, which may present a potential reversal opportunity. However, the recent high of
$118.56 and low of
$93.00 over the past 60 days indicates a significant range, with current price closer to the low.
Market context shows weakness, but the oversold condition could lead to a short-term bounce. Suggested entry point is at
$103.50, with a stop-loss at
$100.00 to manage risk. Target 1 is set at
$108.00, aligning with the MA50, and Target 2 at
$110.00, near the MA30. This plan allows for a risk-reward ratio that accommodates the current volatility indicated by the ATR of 4.34.
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