AAPL - Apple Inc. Fri 13'th Jan 2017
Stock analysis for Fri 13'th Jan 2017 (Updated daily)
Hold candidate since 2017-01-12
Apple Inc. Stock Analysis
Apple Inc. fell by -0.18% in the last day, from USD 119.25 to USD 119.04. , and has now fallen 3 day in a row The price has risen in 6 of the last 10 days days and is up by 1.98% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -1.06 million shares and in total there were 25.94 million shares bought and sold for approx. USD 3.09 billion.
Apple Inc. lays in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.1% during the next 3 months and, with 90% probability will hold a price between USD 113.40 and USD 126.98 at the end of this period.
Apple Inc. holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at USD 118.67 and USD 114.87. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday January 11, 2017, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSI14 is 69 and the stock is currently not being overbought or oversold
Support & Resistance
Apple Inc. finds support from accumulated volume at USD 115.82, USD 115.19, and USD 115.00. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 119.11, USD 119.25 and USD 119.75.
The stock is about to test the resistance from accumulated volume at USD 119.11 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day the stock moved USD 0.81 between high and low, and this equals 0.68%. For the last week, the stock has had a daily average volatility of 1.27%.
Our recommended stoploss: USD 113.33 (-4.80%) ( criteria: risk and position in trend)
Apple Inc. holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend a hold or accumulate position awaiting further development.