AAPL Forecast and Technical Stock Analysis
Buy candidate since 2019-10-31 Gain 6.83% PDF
Apple Inc. gained 1.19% in the last trading day ( Friday, 15th Nov 2019 ), rising from $262.64 to $265.76 During the day the stock fluctuated 1.05% from a day low at $263.01 to a day high of $265.78. The price has risen in 7 of the last 10 days and is up by 3.89% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 2.36 million more shares were traded than the day before. In total, 24.75 million shares bought and sold for approximately $6 578.66 million.
- 30 day high of the AAPL stock price was $265.78 and low was $233.20.
- 90 day high was $265.78 and low was $201.00.
- 52 week high for Apple Inc. - $265.78 and low - $142.00.
Apple Inc. lies in the upper part of a strong rising trend in the short term, and this will 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 $269.22 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 28.29% during the next 3 months and, with 90% probability hold a price between $318.99 and $345.39 at the end of this period.
Only positive signals in the chart today. 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 $262.37 and $242.85. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday October 30, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 75 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $223.59 and $217.73.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Apple Inc. finds support just below today's level at $223.59. If this is broken, then the next support from accumulated volume will be at $217.73 and $202.64.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.77 (1.05%) between high and low. For the last week, the stock has had daily average volatility of 1.17%.
Our recommended stop-loss: $253.96 (-4.44%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 12 days ago.)
1.17 %Average volatility
Very Low Low Medium High Very High
Apple Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.
|AAPL $265.76 ($3.12 1.19%)|
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!