Apple stock upgraded to Strong Buy Candidate.

The Apple stock price gained 1.65% on the last trading day (Thursday, 22nd Jun 2023), rising from $183.96 to $187.00. During the last trading day the stock fluctuated 1.84% from a day low at $183.67 to a day high of $187.05. The price has risen in 7 of the last 10 days and is up by 5.16% 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, 1 million more shares were traded than the day before. In total, 51 million shares were bought and sold for approximately $9.49 billion.

D.A. Davidson is very positive about AAPL. The price target was set to 173 (Feb 03, 2023).

The stock lies in the middle of a narrow and 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 15.78% during the next 3 months and, with a 90% probability hold a price between $208.95 and $218.86 at the end of this 3-month period.

Mostly positive signals in the chart today. 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 $184.88 and $177.05. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 12, 2023, and so far it has risen 16.80%. Further rise is indicated until a new top pivot has been found. 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.

Apple finds support from accumulated volume at $179.58 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 $3.38 (1.84%) between high and low. For the last week, the stock has had daily average volatility of 1.40%.

Apple holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.