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$141.91 (-2.38%)

Volume: 108M

Closed: September 28, 2021

Score: -2.215

Apple Stock Forecast

$141.91 (-2.38%)

Volume: 108M

Closed: September 28, 2021

Score -2.215
Which way will AAPL go? Request
Key Stats
Beta 0.33
* 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 currently holds an RSI14 at 23 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Apple stock price ended on $141.91 on Tuesday after losing 2.38%
(Updated on September 28, 2021)


Sell candidate since 2021-09-14 Loss -4.19%

The Apple stock price fell by -2.38% on the last day (Tuesday, 28th Sep 2021) from $145.37 to $141.91. and has now fallen 3 days in a row. During the day the stock fluctuated 2.16% from a day low at $141.69 to a day high of $144.75. The price has been going up and down for this period, and there has been a -4.19% loss for the last 2 weeks. Volume has increased on the last day by 36 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 108 million shares were bought and sold for approximately $15.39 billion.

Given the current short-term trend, the stock is expected to rise 4.41% during the next 3 months and, with a 90% probability hold a price between $148.17 and $165.26 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Apple stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $144.75 and $148.88. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, September 07, 2021, and so far it has fallen -9.43%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

Apple finds support from accumulated volume at $139.96 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 $3.06 between high and low, or 2.16%. For the last week, the stock has had a daily average volatility of 1.57%.

Apple is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Apple Inc. stock A Buy?

The Apple stock holds several negative signals and despite the positive trend, we believe Apple will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.215

Predicted Opening Price for Apple Inc. of Wednesday, September 29, 2021

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

Fair opening price September 29, 2021 Current price
$142.78 $141.91 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On September 27, 2021 "Credit Suisse Group" gave "$150.00" rating for AAPL. The price target was changed from $145.37 to 1.1%.

Volatility and Risk
Daily Average Volatility: 1.57 %
Overall Risk: Very High High Medium Low Very Low
Volatility
1.57 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $145.64
Price: $141.91
Support: $139.96

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 145.84 2.77 %
144.67 1.95 %
143.95 1.44 %
Current price: 141.91
Support 141.61 -0.21 %
140.89 -0.72 %
139.72 -1.54 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 148.97 4.97 %
146.06 2.92 %
145.64 2.63 %
Current price 141.91
Support 139.96 -1.37%
136.96 -3.49%
136.33 -3.93%

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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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