Sign In
The Apple stock price gained 1.19% on the last trading day (Tuesday, 21st Mar 2023), rising from $157.40 to $159.28. During the last trading day the stock fluctuated 1.83% from a day low at $156.54 to a day high of $159.40. The price has risen in 7 of the last 10 days and is up by 5.07% 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, 280 thousand more shares were traded than the day before. In total, 74 million shares were bought and sold for approximately $11.76 billion.
D.A. Davidson is very positive about AAPL and gave it a "" rating on Feb 03, 2023. The price target was set to 173.Over the last 90 days, this security got 17 buy, 0 sell, and 0 hold ratings.
The stock lies in the middle of a wide 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 21.19% during the next 3 months and, with a 90% probability hold a price between $182.05 and $202.02 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 $154.80 and $151.31. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 10, 2023, and so far it has risen 7.26%. 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 $154.50 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 $2.86 (1.83%) between high and low. For the last week, the stock has had daily average volatility of 2.24%.
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.
Check full Apple forecast and analysis here.