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$148.79 (-0.16%)

Volume: 68M

Closed: September 16, 2021

Score: -2.047

Apple Stock Forecast

$148.79 (-0.16%)

Volume: 68M

Closed: September 16, 2021

Score -2.047
Which way will AAPL go? Request
Key Stats
P/E Ratio 28.38
Beta 1.44
Trailing Dividend Rate 0.57% ($0.85)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 53 and the stock is currently not being overbought or oversold

Red day on Thursday for Apple stock after losing 0.16%
(Updated on September 16, 2021)


Sell candidate since 2021-09-14 Gain 0.45%

The Apple stock price fell by -0.16% on the last day (Thursday, 16th Sep 2021) from $149.03 to $148.79. During the day the stock fluctuated 1.19% from a day low at $147.22 to a day high of $148.97. The price has been going up and down for this period, and there has been a -2.44% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -14 million shares and in total, 68 million shares were bought and sold for approximately $10.10 billion.

The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $147.82 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 12.51% during the next 3 months and, with a 90% probability hold a price between $166.31 and $178.50 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Apple stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $150.52 and $149.21. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, September 07, 2021, and so far it has fallen -5.04%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 months Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

Apple finds support from accumulated volume at $145.86 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 $1.75 (1.19%) between high and low. For the last week, the stock has had a daily average volatility of 2.49%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Apple Inc. stock A Buy?

The Apple stock holds several negative signals and despite the positive trend, we believe Apple will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.047

Predicted Opening Price for Apple Inc. of Friday, September 17, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price September 17, 2021 Current price
$148.33 $148.79 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

On September 16, 2021 "JPMorgan Chase & Co." gave "$180.00" rating for AAPL. The price target was set to $149.03+0.6%.

Volatility and Risk
Daily Average Volatility: 2.49 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.49 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $148.97
Price: $148.79
Support: $145.86

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 150.08 0.86 %
149.41 0.42 %
149.00 0.14 %
Current price: 148.79
Support 147.66 -0.76 %
147.25 -1.04 %
146.58 -1.49 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 151.12 1.57 %
149.15 0.24 %
148.97 0.12 %
Current price 148.79
Support 145.86 -1.97%
145.64 -2.12%
142.45 -4.26%

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About Apple Inc.

Apple Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players to consumers, small and mid-sized businesses, education, and enterprise and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications. It offers iPhone, a line of smartphones; iPad, a line of multi-pu... Read more

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