Apple Stock Forecast
Stronger technical forecast for Apple stock price after Tuesday trading.
(Updated on Jul 02, 2024)
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 31.25% during the next 3 months and, with a 90% probability hold a price between $280.29 and $295.74 at the end of this 3-month period.
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AAPL Signals & Forecast
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 $213.17 and $200.40. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 6.16%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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).
Support, Risk & Stop-loss for Apple stock
Apple finds support from accumulated volume at $213.07 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $5.28 between high and low, or 2.45%. For the last week, the stock has had daily average volatility of 2.29%.
Our recommended stop-loss: $211.57 (-3.95%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (AAPL) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Apple Inc. to open at $218.58, and during the day (based on 14 day Average True Range), to move between $215.28 and $225.26, which gives a possible trading interval of +/-$4.99 (+/-2.27%) up or down from last closing price. If Apple Inc. takes out the full calculated possible swing range there will be an estimated 4.53% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $213.07, some $7.20 (3.27%) from the current price of $220.27, our system finds the risk reward attractive.
Is Apple Inc. stock A Buy?
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.
Current score: 6.543 Strong Buy Candidate Upgraded
Predicted Opening Price for Apple Inc. of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$218.58 ( 0.766%) | $220.27 |
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 | |
---|---|---|
R3 | 223.86 | 1.63% |
R2 | 221.85 | 0.716% |
R1 | 220.60 | 0.150% |
Price | 220.27 | |
S1 | 216.57 | -1.68% |
S2 | 215.32 | -2.25% |
S3 | 213.30 | -3.16% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0 | - |
Price | 220.27 | |
S1 | 213.07 | -3.27% |
S2 | 207.49 | -5.80% |
S3 | 207.15 | -5.96% |
AAPL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 02, 2024 | May 10, 2024 | May 16, 2024 | $0.250 | 0.132% |
2 | Feb 01, 2024 | Feb 09, 2024 | Feb 15, 2024 | $0.240 | 0.131% |
3 | Nov 02, 2023 | Nov 10, 2023 | Nov 16, 2023 | $0.240 | 0.127% |
4 | Aug 03, 2023 | Aug 11, 2023 | Aug 17, 2023 | $0.240 | 0.138% |
5 | May 04, 2023 | May 12, 2023 | May 18, 2023 | $0.240 | 0.137% |
FAQ
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