Stronger technical forecast for Apple stock price after Thursday trading.

The Apple stock price gained 1.46% on the last trading day (Thursday, 29th Aug 2024), rising from $226.49 to $229.79. During the last trading day the stock fluctuated 1.77% from a day low at $228.88 to a day high of $232.92. The price has risen in 6 of the last 10 days and is up by 2.26% 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, 14 million more shares were traded than the day before. In total, 51 million shares were bought and sold for approximately $11.80 billion.

On Aug 28, 2024, it was reported that Tigress Financial gave AAPL a "Strong Buy" grade with a "hold" action.

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 11.38% during the next 3 months and, with a 90% probability hold a price between $238.42 and $275.87 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 $227.04 and $222.46. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, August 06, 2024, and so far it has risen 10.89%. 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.

On the downside, the stock finds support just below today's level from accumulated volume at $213.07 and $207.49.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 $213.07. If this is broken, then the next support from accumulated volume will be at $207.49 and $207.15.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $4.04 between high and low, or 1.77%. For the last week, the stock has had daily average volatility of 1.72%.

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.