Tiffany & Co. (NYSE:TIF) Fallen 8% During Q1

Tiffany & Co. (NYSE:TIF) Fallen 8% During Q1

Tiffany & Co. (NYSE:TIF) Fallen 8%

  • Falling tourist demand hit Tiffany’s U.S. performance in the first quarter
  • Same-store sales in the Americas, which account for nearly half of Tiffany’s revenue, fell 4 percent during the latest period.
  • Comparable sales fell 3 percent in both Tiffany’s Europe and Asia-Pacific regions, with the luxury retailer mentioning “varying degrees of softness” in certain markets fueling these declines.
  • Tiffany’s stock tumbled 8 percent Wednesday morning on this report.
  • Management attributed the overall sales declines to lower spending by both foreign tourists and local customers.

Tiffany & Co. is a holding company that operates through its subsidiary companies. The Company’s principal subsidiary, Tiffany and Company (Tiffany), is a jeweler and specialty retailer. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO. retail stores around the world, and also sells its products through Internet, catalog, business-to-business and wholesale operations. The Company also sells timepieces, leather goods, sterling silverware, china, crystal, stationery, fragrances and accessories. The Americas segment includes sale in Company-operated TIFFANY & CO. stores in the United States, Canada and Latin America. As of January 31, 2017, the Asia-Pacific segment included 85 Company-operated TIFFANY & CO. stores. As of January 31, 2017, the Japan segment included 55 Company-operated TIFFANY & CO. stores. The Other segment consists of non-reportable segments.

Overall, the bias in prices is: Downwards.

Short term: Prices are moving.

Intermediate term: Prices are ranging.

Note: this chart shows extraordinary price action to the downside.

The projected upper bound is: 89.20.

The projected lower bound is: 80.69.

The projected closing price is: 84.95.

TIFFANY & CO closed down -8.110 at 85.030. Volume was 395% above average (trending) and Bollinger Bands were 13% narrower than normal.

Open         High          Low           Close         Volume
85.610      88.320      84.150      85.030      9,113,361

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish

Moving Averages: 10-period        50-period      200-period
Close:                       91.70                92.67              81.04
Volatility:                55                     30                    29
Volume:                   2,085,188      1,664,085      1,794,880

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

TIFFANY & CO gapped down today (bearish) on heavy volume. Possibility of a Breakaway Gap which usually signifies the beginning of a major market move. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
TIFFANY & CO is currently 4.9% above its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect moderate flows of volume out of TIF (mildly bearish). Our trend forecasting oscillators are currently bearish on TIF and have had this outlook for the last 0 periods. Our momentum oscillator is currently indicating that TIF is currently in an oversold condition.

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 36.5008. This is not an overbought or oversold reading. The last signal was a sell 19 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 29.18. This is where it usually bottoms. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 38 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -406.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 0 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 0 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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