Apple stock price up 0.15% on FridayStockInvest.us, 5 months ago
The Apple stock price gained 0.15% on the last trading day (Friday, 30th Jul 2021), rising from $145.64 to $145.86. , and has now gained 3 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 1.54% from a day low at $144.11 to a day high of $146.33. The price has risen in 6 of the last 10 days, but is still down by -0.36% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 14 million more shares were traded than the day before. In total, 68 million shares were bought and sold for approximately $9.93 billion.
On July 29, 2021 "JPMorgan Chase & Co." gave "$175.00" rating for AAPL. The price target was changed from $144.98 to 1.2%.Over the last 30 days, this security got 1 buy, 0 sell, and 0 hold ratings.
The stock lies in the middle of a strong 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 20.14% during the next 3 months and, with a 90% probability hold a price between $168.45 and $185.20 at the end of this 3-month period.
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 $146.80. On a fall, the stock will find some support from the long-term average at approximately $140.07. 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. 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 -2.21%. 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).
Apple finds support from accumulated volume at $145.64 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 $2.22 (1.54%) between high and low. For the last week, the stock has had a daily average volatility of 1.99%.
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.