CPRI Should I Buy

Buy now (long-term). At $23.09 (-3.56% today), CPRI is trading near key support (S1 ~23.47 / S2 ~22.72) while options positioning and recent analyst actions skew bullish (multiple Buys with $31–$32 targets). Technical momentum is still bearish (negative, expanding MACD), but the stock also looks short-term stretched/oversold, which improves the risk/reward for an impatient long-term beginner. Expect near-term volatility into earnings (2026-02-03 pre-market), but the setup favors upside over the next 3–12 months if the Michael Kors turnaround and margin expansion thesis continues. Intellectia Proprietary Trading Signals - [AI Stock Picker](module://ai_stock_pick): No signal on given stock today. - [SwingMax](module://swingmax): No signal on given stock recently.

Trend/momentum: Bearish-to-neutral. MACD histogram is -0.24 and negatively expanding, indicating downside momentum is still in control. RSI(6) at 23.19 signals the stock is stretched on the downside (oversold conditions), which often precedes a bounce but does not confirm a trend reversal by itself. Moving averages are converging, suggesting the downtrend may be losing force but has not flipped. Key levels: Price $23.09 is below Pivot (24.687) and slightly under S1 (23.472), with next support at S2 (22.722). Near-term resistance levels are Pivot (~24.69) then R1 (~25.90). A reclaim of the pivot would be the first technical improvement; failure to hold ~22.7 would be a clear technical breakdown. Pattern-based probability (provided): ~+4.41% next month bias, while next day/week are close to flat, consistent with a choppy base-building attempt rather than a clean uptrend.