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Green day on Monday for Apple stock after gaining 0.0116%

StockInvest.us, 4 months ago


The Apple stock price gained 0.0116% on the last trading day (Monday, 10th Jan 2022), rising from $172.17 to $172.19. , 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 2.57% from a day low at $168.17 to a day high of $172.50. The price has fallen in 6 of the last 10 days and is down by -4.51% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 19 million more shares were traded than the day before. In total, 104 million shares were bought and sold for approximately $17.88 billion.

On Jan 05, 2022 "The Goldman Sachs Group" gave "$142.00" rating for AAPL. The price target was changed from $174.92 to 2.7%.

Given the current short-term trend, the stock is expected to rise 27.86% during the next 3 months and, with a 90% probability hold a price between $220.16 and $236.81 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 $175.79. On a fall, the stock will find some support from the long-term average at approximately $171.38. 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 Monday, January 03, 2022, and so far it has fallen -5.40%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Apple finds support from accumulated volume at $171.14 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 $4.33 (2.57%) between high and low. For the last week, the stock has had a daily average volatility of 2.36%.

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.