High volatility in Apple stock price on Wednesday which ended trading at $198.85

The Apple stock price gained 15.33% on the last trading day (Wednesday, 9th Apr 2025), rising from $172.42 to $198.85. During the last trading day the stock fluctuated 16.71% from a day low at $171.89 to a day high of $200.61. The price has been going up and down for this period, and there has been a -10.24% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 63 million more shares were traded than the day before. In total, 183 million shares were bought and sold for approximately $36.35 billion.

On Apr 02, 2025, it was reported that Citigroup gave AAPL a "Buy" grade with a "hold" action.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled.Given the current short-term trend, the stock is expected to fall -11.71% during the next 3 months and, with a 90% probability hold a price between $151.78 and $204.34 at the end of this 3-month period.

A buy signal was issued from a pivot bottom point on Tuesday, April 08, 2025, and so far it has risen 15.33%. Further rise is indicated until a new top pivot has been found. 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. The Apple stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $222.09. On a fall, the stock will find some support from the short-term average at $198.77. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

On the downside, the stock finds support just below today's level from accumulated volume at $188.38 and $181.46.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 $188.38. If this is broken, then the next support from accumulated volume will be at $181.46 and $172.42.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $28.72 between high and low, or 16.71%. For the last week, the stock has had daily average volatility of 10.03%.

Apple holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.