Apple stock price ended on $148.99 on Monday after gaining 0.29%StockInvest.us, 2 months ago
The Apple stock price gained 0.29% on the last trading day (Monday, 26th Jul 2021), rising from $148.56 to $148.99. , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 1.44% from a day low at $147.70 to a day high of $149.83. The price has risen in 6 of the last 10 days and is up by 3.11% 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, 599 thousand more shares were traded than the day before. In total, 72 million shares were bought and sold for approximately $10.66 billion.
On July 23, 2021 "JPMorgan Chase & Co." gave "$175.00" rating for AAPL. The price target was set to $148.20+1.0%.Over the last 30 days, this security got 4 buy, 0 sell, and 0 hold ratings.
The stock lies in the upper part of a wide and strong rising 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 $151.91 will firstly indicate a stronger rate of rising.Given the current short-term trend, the stock is expected to rise 16.4% during the next 3 months and, with a 90% probability hold a price between $158.27 and $176.83 at the end of this 3-month period.
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 $146.39 and $137.86. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, July 14, 2021, and so far it has fallen -0.11%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 months Moving Average Convergence Divergence (MACD).
On the downside, the stock finds support just below today's level from accumulated volume at $133.48 and $127.85.There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Apple finds support just below today's level at $133.48. If this is broken, then the next support from accumulated volume will be at $127.85 and $126.85.
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 $2.13 between high and low, or 1.44%. For the last week, the stock has had a daily average volatility of 1.65%.
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Apple stock to perform well in the short-term.Check full Apple forecast and analysis here.