Social Sentiment for AAPL
Bullish vs. Bearish opinions
Weighted Sentiment -0.01
Apple Inc. Forecast and Stock Analysis
Technical AAPL stock analysis for Monday June 24, 2019.
Apple Inc. fell by -0.10% in the last day ( Monday, 24th Jun 2019 ) from $198.78 to $198.58 and has now fallen 3 days in a row. During day the stock fluctuated 1.00% from a day low at $198.17 to a day high of $200.16. The price has fallen in 6 of the last 10 days , but is still up by 3.12% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -27.87 million shares and in total 17.31 million shares bought and sold for approximately $3 436.58 million.
- 30 day high of the AAPL stock price was $200.85 and low was $170.27.
- 90 day high was $215.31 and low was $170.27.
- 52 week high for the Apple Inc. - $233.47 and low - $142.00.
Apple Inc. lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.39% during the next 3 months and, with 90% probability hold a price between $163.54 and $197.42 at the end of this period.
Apple Inc. holds buy signals from both short- and long-term moving averages. In addition, 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 $197.11 and $189.80. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday June 20, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSI14 is 86 and the stock is extremely overbought on RSI14, so further reactions should be expected. Some stocks may have a long and hard correction after reaching so high an RSI, but not in all cases. However, the short-term risk has increased drastically and larger movements in the next couple of days can be expected.
Support & Resistance
Apple Inc. finds support from accumulated volume at $188.74.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.99 between high and low, or 1.00%. For the last week, the stock has had a daily average volatility of 1.51%.
The stock is extremely overbought on RSI14 (86). This increases the short-term risk substantially.
Our recommended stoploss: $190.62 (-4.01%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 86 and this increases the risk substantially. There is a sell signal from pivot top found 2 days ago.)
1.51 %Average volatility
Very Low Low Medium High Very High
Apple Inc. holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.
The general sentiment holds a neutral evaluation of the stock right now. The sentiment is based upon 338 votes on StockTwits.
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|AAPL $198.58 ($-0.20 -0.10%)|
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