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Tuesday April 07, 2020 Change -1.16% Price $259.43
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Bullish vs. Bearish (65 opinions)
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AAPL Stock Forecast and Technical Analysis

Sell candidate since 2020-04-07 PDF

Apple Inc. fell by -1.16% in the last day ( Tuesday, 7th Apr 2020 ) from $262.47 to $259.43 During the day the stock fluctuated 4.90% from a day low at $259.00 to a day high of $271.70. The price has fallen in 6 of the last 10 days , but is still up by 5.08% over the past 2 weeks. Volume has increased in the last day by 0.45 million shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 50.53 million shares bought and sold for approximately $13 110.20 million.

AAPL Stock Price Summary

  • 30 day high of the AAPL stock price was $286.44 and low was $212.61.
  • 90 day high was $327.85 and low was $212.61.
  • 52 week high for Apple Inc. - $327.85 and low - $170.27.

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AAPL Trend

Apple Inc. lies the upper part of a very wide and falling 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 $271.84 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -24.94% during the next 3 months and, with 90% probability hold a price between $156.38 and $204.04 at the end of this period.

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AAPL Signals

There are few to no technical positive signals at the moment. Apple Inc. holds a buy signal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $268.73. On a fall, the stock will find some support from the short-term average at $251.18. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Monday April 06, 2020, 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.

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AAPL Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 55 and the stock is currently not being overbought or oversold

* uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

AAPL Support & Resistance

Apple Inc. finds support from accumulated volume at $248.23.

Support: $248.23 Price: $259.43 Resistance: $273.36

AAPL Stock Risk

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 $12.70 between high and low, or 4.90%. For the last week, the stock has had a daily average volatility of 4.14%.

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

4.14 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Downgraded

AAPL Stock Evaluation

Apple Inc. holds several negative signals and is within a very wide and 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 analysis conclusion for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate candidate.

The general sentiment holds a neutral evaluation of the stock right now. The sentiment is based upon 65 votes on StockTwits.

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