TPR closes lower for the 2nd day in a row
Coach Inc. (TPR) Technical Analysis Report for Sep 18, 2020 | by Techniquant Editorial Team
Moving lower for the 2nd day in a row, TPR ended the week 7.49% higher at 17.36 after losing $0.24 (-1.36%) today on high volume, slightly underperforming the S&P 500 (-1.12%). Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range.
Daily Candlestick Chart (TPR as at Sep 18, 2020):
Friday's trading range has been $0.69 (3.93%), that's slightly below the last trading month's daily average range of $0.70. Things look different on the weekly timeframe, where the market's trading range of the last week has been above the market's average weekly trading range. The longer-term, monthly volatility is currently slightly higher than usual for TPR.
Prices are trading close to the key technical resistance level at 17.79 (R1).
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.