Apple stock price ended on $164.92 on Tuesday after gaining 0.0303%

The Apple stock price gained 0.0303% on the last trading day (Tuesday, 9th Aug 2022), rising from $164.87 to $164.92. During the last trading day the stock fluctuated 1.57% from a day low at $163.25 to a day high of $165.82. The price has been going up and down for this period, and there has been a 8.79% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 63 million shares were bought and sold for approximately $10.45 billion.

Keybanc is very positive about AAPL and gave it a "$173.00 - $177.00" rating on Aug 02, 2022. The price target was changed from 173 to 177.Over the last 90 days, this security got 3 buy, 11 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 $167.29 will firstly indicate a stronger rate of rising.Given the current short-term trend, the stock is expected to rise 12.09% during the next 3 months and, with a 90% probability hold a price between $157.52 and $187.52 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 $164.09 and $149.95. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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, August 03, 2022, and so far it has fallen -0.73%. Further fall is indicated until a new bottom pivot has been found.

On the downside, the stock finds support just below today's level from accumulated volume at $146.50 and $142.56.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 $146.50. If this is broken, then the next support from accumulated volume will be at $142.56 and $141.66.

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 $2.57 between high and low, or 1.57%. For the last week, the stock has had a daily average volatility of 2.17%.

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.