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$171.18 (3.54%)

Volume: 116M

Closed: Dec 07, 2021

Hollow Logo Score: 6.923

Apple Stock Forecast

$171.18 (3.54%)

Volume: 116M

Closed: Dec 07, 2021

Score Hollow Logo 6.923
Which way will AAPL go? Request
Stop-loss: $165.26 (-3.46%)
Key Stats
P/E Ratio 14.83
Beta 1.33
Trailing Dividend Rate 0.5% ($0.86)
* 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 ] The Apple stock holds an RSI14 at 77 and is currently being overbought on RSI. This does not have to be a sell signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Green day on Tuesday for Apple stock after gaining 3.54%
(Updated on Dec 07, 2021)


Buy or Hold candidate since 2021-11-17 Gain 11.53%

The Apple stock price gained 3.54% on the last trading day (Tuesday, 7th Dec 2021), rising from $165.32 to $171.18. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 1.92% from a day low at $168.34 to a day high of $171.58. The price has risen in 6 of the last 10 days and is up by 6.31% 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, 9 million more shares were traded than the day before. In total, 116 million shares were bought and sold for approximately $19.79 billion.

The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $172.85 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 11.43% during the next 3 months and, with a 90% probability hold a price between $169.16 and $192.60 at the end of this 3-month period.

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. 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 $164.63 and $154.62. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, October 04, 2021, and so far it has risen 23.03%. 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

Apple finds support from accumulated volume at $165.30 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 $3.24 between high and low, or 1.92%. For the last week, the stock has had a daily average volatility of 2.99%.

The Apple stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $165.26 (-3.46%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 45 days ago.)

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.

Current score: 6.923

Predicted Opening Price for Apple Inc. of Wednesday, December 8, 2021

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

Fair opening price December 8, 2021 Current price
$170.37 $171.18 (Overvalued)
Strong Buy Candidate Unchanged

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Analyst Ratings

On Dec 08, 2021 "The Goldman Sachs Group" gave "$142.00" rating for AAPL. The price target was set to $174.35+1.9%.

Volatility and Risk
Daily Average Volatility: 2.99 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.99 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

No Resistance Found
Price: $171.18
Support: $165.30

AAPL Insider Trading Show all Trades

INSIDER POWER

0.539

Last 100 transactions
Buy: 7 459 804 | Sell: 13 837 923 (Shares)
Date Action Amount Person Type
Nov 12, 2021 Sell 9 005 Kondo Chris Common Stock
Nov 09, 2021 Buy 486 Gorsky Alex Restricted Stock Unit
Nov 01, 2021 Sell 3 290 Adams Katherine L. Common Stock
Nov 01, 2021 Sell 21 710 Adams Katherine L. Common Stock
Oct 19, 2021 Sell 165 829 Maestri Luca Common Stock
Show all Insider Trades
INSIDER POWER

0.539

Last 100 transactions
Buy: 7 459 804 | Sell: 13 837 923 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 173.61 1.42 %
172.37 0.69 %
171.60 0.25 %
Current price: 171.18
Support 169.13 -1.20 %
168.36 -1.64 %
167.13 -2.37 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
0 .
0 .
Current price 171.18
Support 165.30 -3.43%
164.77 -3.74%
148.97 -12.97%

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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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