Stronger technical forecast for Apple stock price after Thursday trading.

The Apple stock price gained 2.84% on the last trading day (Thursday, 27th Apr 2023), rising from $163.76 to $168.41. During the last trading day the stock fluctuated 2.04% from a day low at $165.19 to a day high of $168.56. The price has been going up and down for this period, and there has been a 1.72% gain 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, 18 million more shares were traded than the day before. In total, 62 million shares were bought and sold for approximately $10.48 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 10 buy, 0 sell, and 0 hold ratings.

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 13.64% during the next 3 months and, with a 90% probability hold a price between $180.50 and $195.35 at the end of this 3-month period.

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 $165.80 and $160.85. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 01, 2023, and so far it has risen 15.90%. 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. 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 $155.00 and $154.50.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 $155.00. If this is broken, then the next support from accumulated volume will be at $154.50 and $150.82.

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 $3.37 between high and low, or 2.04%. For the last week the stock has had daily average volatility of 1.47%.

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.