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AI Analysis of AAPL
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Apple stock price ended at $176.55 on Friday, after gaining 0.86%.
(Updated on Apr 12, 2024)

Buy candidate since Apr 11, 2024 Gain 0.86% PDF

The Apple stock price gained 0.86% on the last trading day (Friday, 12th Apr 2024), rising from $175.04 to $176.55. During the last trading day the stock fluctuated 2.38% from a day low at $174.21 to a day high of $178.36. The price has been going up and down for this period, and there has been a 2.96% 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, 11 million more shares were traded than the day before. In total, 101 million shares were bought and sold for approximately $17.86 billion.

Given the current short-term trend, the stock is expected to fall -12.49% during the next 3 months and, with a 90% probability hold a price between $146.11 and $154.51 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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AAPL Signals & Forecast

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, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $170.84 and $173.34. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has risen 5.23%. 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.

Support, Risk & Stop-loss for Apple stock

Apple finds support from accumulated volume at $172.62 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $4.15 between high and low, or 2.38%. For the last week the stock has had daily average volatility of 1.90%.

Our recommended stop-loss: $169.56 (-3.96%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (AAPL) For The Upcoming Trading Day Of Monday 15th

For the upcoming trading day on Monday, 15th we expect Apple Inc. to open at $176.37, and during the day (based on 14 day Average True Range), to move between $173.31 and $179.79, which gives a possible trading interval of +/-$3.24 (+/-1.83%) up or down from last closing price. If Apple Inc. takes out the full calculated possible swing range there will be an estimated 3.67% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $172.62 (2.23%) than the resistance at $180.75 (2.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Apple Inc. stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 2.508 Buy Candidate Unchanged

Predicted Opening Price for Apple Inc. of Monday, April 15, 2024

Fair opening price April 15, 2024 Current price
$176.37 ( 0.100%) $176.55

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

Trading levels for AAPL

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 180.52 2.25 %
R2 178.94 1.35 %
R1 177.96 0.798 %
Current price: 176.55
Support S1 174.79 -1.00 %
S2 173.81 -1.55 %
S3 172.22 -2.45 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 188.63 6.84 %
R2 185.85 5.27 %
R1 180.75 2.38 %
Current price 176.55
Support S1 172.62 -2.23%
S2 171.37 -2.93%
S3 170.12 -3.64%

AAPL Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 01, 2024 Feb 09, 2024 Feb 15, 2024 $0.240 0.131%
2 Nov 02, 2023 Nov 10, 2023 Nov 16, 2023 $0.240 0.127%
3 Aug 03, 2023 Aug 11, 2023 Aug 17, 2023 $0.240 0.138%
4 May 04, 2023 May 12, 2023 May 18, 2023 $0.240 0.137%
5 Dec 19, 2022 Feb 10, 2023 Feb 16, 2023 $0.230 0.150%

FAQ

What is the symbol for Apple Stock and on which exchange is it traded?
The symbol for Apple is AAPL and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Apple Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

How to buy Apple Stock?
Apple Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Apple Stock.

What's the current price of Apple Stock?
As of the end of day on the 2024-04-12, the price of an Apple (AAPL) share was $176.55.

What is the 52-week high and low for Apple Stock?
The 52-week high for Apple Stock is $199.62 and the 52-week low is $161.42.

What is the market capitalization of Apple Stock?
As of the 2024-04-12, the market capitalization of Apple is 2.726T.

When is the next earnings date for Apple?
The upcoming earnings date for Apple is May 02, 2024.
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About Apple Inc.

Apple Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePo... AAPL Profile

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