Apple stock upgraded to Strong Buy Candidate.

The Apple stock price gained 0.633% on the last trading day (Wednesday, 28th Jun 2023), rising from $188.06 to $189.25. During the last trading day the stock fluctuated 1.23% from a day low at $187.60 to a day high of $189.90. The price has risen in 6 of the last 10 days and is up by 3.24% 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, 2 million more shares were traded than the day before. In total, 49 million shares were bought and sold for approximately $9.24 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 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 16.01% during the next 3 months and, with a 90% probability hold a price between $210.61 and $221.92 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 $186.46 and $179.02. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 04, 2023, and so far it has risen 14.15%. 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.

On the downside, the stock finds support just below today's level from accumulated volume at $179.58 and $177.25.There is a 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 $179.58. If this is broken, then the next support from accumulated volume will be at $177.25 and $173.57.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.30 between high and low, or 1.23%. For the last week the stock has had daily average volatility of 1.49%.

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.