Buy Candidate
Fri 26'th May 2017

PERIOD COVERED
2017-02-27 - 2017-05-26
CHANGE
-0.17%
PRICE
$153.61
VOLUME
Buy
TREND
Buy
MV LONG
Buy
MV SHORT
Buy
PIVOT
Buy
MACD
Sell
Request Prediction
0.00%
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Apple Inc. Stock Analysis

Technical stock analysis for Fri 26'th May 2017

Buy candidate since 2017-05-25 Loss -0.17%

Apple Inc. fell by -0.17% in the last day, from USD 153.87 to USD 153.61 The price has fallen in 6 of the last 10 days and is down by -1.6% for this period. Volume has increased in the last day by 2.63 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, 21.70 million shares bought and sold for approximately USD 3.33 billion.

Trend

Apple Inc. lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.9% during the next 3 months and, with 90% probability hold a price between USD 165.44 and USD 177.60 at the end of this period.

Signals

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 USD 153.46 and USD 148.04. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday May 17, 2017, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Relative Strength Index (RSI)

RSI14 is 52 and the stock is currently not being overbought or oversold

Support & Resistance

Apple Inc. finds support from accumulated volume at USD 153.01, USD 150.25, and USD 147.06. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 153.99, USD 156.10 and USD 153.95.

The stock is about to test the resistance from accumulated volume at USD 153.99 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

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 USD 0.93 (0.61%) between high and low. For the last week, the stock has had a daily average volatility of 1.09%.

Our recommended stoploss: USD 144.93 (-5.65%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 7 days ago.)

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Buy Candidate

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