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Green day on Monday for Apple stock after gaining 1.41%

StockInvest.us, 3 months ago


The Apple stock price gained 1.41% on the last trading day (Monday, 21st Jun 2021), rising from $130.46 to $132.30. During the day the stock fluctuated 2.48% from a day low at $129.21 to a day high of $132.41. The price has risen in 7 of the last 10 days and is up by 5.08% over the past 2 weeks. Volume fell on the last day by -29 million shares and in total, 79 million shares were bought and sold for approximately $10.51 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

Fundamental Research is very positive about AAPL and gave it a "Buy" rating on June 15, 2021. The price target was changed from $148.12 to $144.27.Over the last 30 days, this security got 2 buy, 1 sell, and 5 hold ratings.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Apple stock with a 90% probability to be traded between $124.54 and $137.09 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.


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 $130.31 and $127.21. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 12, 2021, and so far it has risen 7.76%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Apple finds support from accumulated volume at $127.85 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $3.20 between high and low, or 2.48%. For the last week the stock has had a daily average volatility of 1.70%.

Several short-term signals 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 period.

Check full Apple forecast and analysis here.