AAPL - Apple Inc.

Industry: Electronic Equipment Sector: Consumer Goods Exchange: NASDAQ

Thu 19'th Oct 2017

PERIOD 2017-07-20 - 2017-10-19
CHANGE -2.37%
PRICE $155.98
VOLUME
Buy
TREND
Hold

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

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Apple Inc. Stock Analysis

Technical stock analysis for Thu 19'th Oct 2017

Sell candidate since 2017-10-18 Loss -2.37%

Apple Inc. fell by -2.37% in the last day from $159.76 to $155.98 and has now fallen 3 days in a row. The price has risen in 6 of the last 10 days and is up by 0.38% over the past 2 weeks. Volume has increased in the last day by 26.04 million shares, but on falling prices. This is may be an early warning and the risk will be increased slightly for the next couple of days. In total, 42.28 million shares bought and sold for approximately $6 595.29 million.

Trend

Given the current horizontal trend you can expect Apple Inc. with 90% probability to be traded between $152.16 and $166.94 at the end of this period with 90% probability. 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 roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals

There are few to none technical positive signals at the moment. Apple Inc. holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $157.95 and $157.31. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday October 17, 2017, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

The stock had a Golden Star Signal* on Monday July 10, 2017 in the mediumterm chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Relative Strength Index (RSI)

RSI14 is 56 and the stock is currently not being overbought or oversold

Support & Resistance

Apple Inc. finds support from accumulated volume at $155.32. On the upside the stock meets some resistance just above today's level from accumulated volume at $157.14, $159.88 and $160.86.

The stock is about to test the resistance from accumulated volume at $157.14 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $155.32 Price: $155.98 Resistance: $157.14

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $2.06 (1.33%) between high and low. For the last week, the stock has had a daily average volatility of 1.02%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation

Apple Inc. holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.

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