Apple stock price ended at $213.07 on Wednesday, after gaining 2.86%.

The Apple stock price gained 2.86% on the last trading day (Wednesday, 12th Jun 2024), rising from $207.15 to $213.07. During the last trading day the stock fluctuated 6.42% from a day low at $206.91 to a day high of $220.20. The price has risen in 8 of the last 10 days and is up by 11.97% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 25 million more shares were traded than the day before. In total, 194 million shares were bought and sold for approximately $41.34 billion.

On Jun 11, 2024, it was reported that Empire Asset Management gave AAPL a "Mixed" grade with a "upgrade" action.

The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $207.86, a level that may pose a second chance to hit a runner. According to fan-theory $232.10 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

The Apple stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $199.28 and $186.84. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 29.13%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Apple finds support from accumulated volume at $207.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $13.29 (6.42%) between high and low. For the last week, the stock has had daily average volatility of 3.74%.

The Apple stock is extremely overbought on RSI14 (77). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Apple holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.