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Apple stock downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.

StockInvest.us, 2 months ago


The Apple stock price fell by -0.88% on the last day (Tuesday, 26th Jul 2022) from $152.95 to $151.60. and has now fallen 4 days in a row. During the day the stock fluctuated 1.52% from a day low at $150.80 to a day high of $153.09. The price has been going up and down for this period, and there has been a 3.94% gain for the last 2 weeks. Volume has increased on the last day by 947 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 54 million shares were bought and sold for approximately $8.25 billion.

The last rating was given by Morgan Stanley on Jul 20, 2022. The price target was changed from 185 to 180.Over the last 90 days, this security got 1 buy, 14 sell, and 0 hold ratings.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $154.96 will firstly indicate a slower falling rate, but may be the first sign of a trend shift.Given the current short-term trend, the stock is expected to fall -4.83% during the next 3 months and, with a 90% probability hold a price between $120.59 and $147.48 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.


The Apple stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $152.16. On a fall, the stock will find some support from the long-term average at approximately $143.06. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, July 21, 2022, and so far it has fallen -2.41%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Apple finds support from accumulated volume at $146.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.29 between high and low, or 1.52%. For the last week, the stock has had a daily average volatility of 1.96%.

Apple holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Check full Apple forecast and analysis here.