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Fri, Jun 11, 2021 Buy Candidate Upgraded
Analyst Ratings Last 30 days
Stop-loss: $120.64 (-5.27%)
Price TargetJune 08, 2021 10
Low Average High
$90.00 $135.13 $155.00
Key Stats
P/E Ratio 27.85
Beta 1.54
Trailing Dividend Rate 0.65% ($0.83)
* 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 58 and the stock is currently not being overbought or oversold

Stronger technical forecast for Apple stock price after Friday trading. (Updated on June 11, 2021)


Buy or Hold candidate since 2021-06-04 Gain 1.16%

The Apple stock price gained 0.98% on the last trading day (Friday, 11th Jun 2021), rising from $126.11 to $127.35. During the day the stock fluctuated 1.06% from a day low at $126.10 to a day high of $127.44. The price has risen in 6 of the last 10 days and is up by 1.65% over the past 2 weeks. Volume fell on the last day by -18 million shares and in total, 53 million shares were bought and sold for approximately $6.73 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Apple stock with a 90% probability to be traded between $125.61 and $138.51 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, May 12, 2021, and so far it has risen 3.73%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). 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. The Apple stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $127.70. On a fall, the stock will find some support from the short-term average at $126.09. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss

Apple finds support from accumulated volume at $126.85 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 $1.34 between high and low, or 1.06%. For the last week the stock has had a daily average volatility of 1.36%.

Our recommended stop-loss: $120.64 (-5.27%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)

Is Apple Inc. stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Apple stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy Candidate candidate.

Current score: 1.256

Predicted Opening Price for Apple Inc. of Monday, June 14, 2021

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

Fair opening price June 14, 2021 Current price
$126.96 $127.35 (Overvalued)
Buy Candidate Upgraded

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Analyst Ratings

Credit Suisse Group does not see either upside or downside right now giving AAPL "Neutral" on their last update on June 08, 2021. The price target was set to $150.00. Over the last 30 days, this security got 2 buy, 1 sell, and 7 hold ratings.

Volatility
1.36 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $127.85
Price: $127.35
Support: $126.85

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 128.30 0.75 %
127.79 0.35 %
127.48 0.0983 %
Current price: 127.35
Support 126.45 -0.71 %
126.14 -0.95 %
125.62 -1.36 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 133.48 4.81 %
131.46 3.23 %
127.85 0.39 %
Current price 127.35
Support 126.85 -0.39%
125.90 -1.14%
119.99 -5.78%

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About Apple Inc.

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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