RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AAPL
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Apple stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 24, 2024)

Hold candidate since May 24, 2024 PDF

The Apple stock price gained 1.66% on the last trading day (Friday, 24th May 2024), rising from $186.88 to $189.98. During the last trading day the stock fluctuated 1.35% from a day low at $188.04 to a day high of $190.58. The price has risen in 8 of the last 10 days and is up by 3.79% over the past 2 weeks. Volume fell on the last day by -15 million shares and in total, 36 million shares were bought and sold for approximately $6.83 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 lies in the upper part of a wide and weak 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 $192.95 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 6.97% during the next 3 months and, with a 90% probability hold a price between $181.83 and $206.39 at the end of this 3-month period.

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AAPL Signals & Forecast

The Apple stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $190.12. On a fall, the stock will find some support from the long-term average at approximately $177.68. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month 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. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -1.23%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Apple stock

Apple finds support from accumulated volume at $183.38 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 $2.54 between high and low, or 1.35%. For the last week, the stock has had daily average volatility of 1.50%.

Our recommended stop-loss: $183.82 (-3.24%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 25 days ago.)

Trading Expectations (AAPL) For The Upcoming Trading Day Of Tuesday 28th

For the upcoming trading day on Tuesday, 28th we expect Apple Inc. to open at $189.53, and during the day (based on 14 day Average True Range), to move between $186.68 and $193.28, which gives a possible trading interval of +/-$3.30 (+/-1.74%) up or down from last closing price. If Apple Inc. takes out the full calculated possible swing range there will be an estimated 3.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $190.90 (0.48%) than the support at $183.38 (3.47%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Apple Inc. stock A Buy?

Apple holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.134 Hold/Accumulate Upgraded

Predicted Opening Price for Apple Inc. of Tuesday, May 28, 2024

Fair opening price May 28, 2024 Current price
$189.53 ( 0.235%) $189.98

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 192.07 1.10 %
R2 191.10 0.591 %
R1 190.50 0.276 %
Current price: 189.98
Support S1 188.56 -0.746 %
S2 187.96 -1.06 %
S3 186.99 -1.57 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 192.35 1.25 %
R2 191.04 0.558 %
R1 190.90 0.484 %
Current price 189.98
Support S1 183.38 -3.47%
S2 180.75 -4.86%
S3 172.62 -9.14%

AAPL Dividend Payout History


# Declaration Date 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

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?
Apple holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

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 May 24, 2024, the price of an Apple (AAPL) share was $189.98.

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 $164.08.

What is the market capitalization of Apple Stock?
As of the May 24, 2024, the market capitalization of Apple is 2.913T.

When is the next earnings date for Apple?
The upcoming earnings date for Apple is Aug 01, 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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