Bullish vs. Bearish (247 opinions)
Social Sentiment 0.13
AAPL Forecast and Technical Stock Analysis
Buy candidate since 2020-01-14 Gain 1.93% PDF
Apple Inc. gained 1.11% in the last trading day ( Friday, 17th Jan 2020 ), rising from $315.24 to $318.73 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 1.19% from a day low at $315.00 to a day high of $318.74. The price has risen in 7 of the last 10 days and is up by 7.16% 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, 7.25 million more shares were traded than the day before. In total, 34.45 million shares bought and sold for approximately $10 981.60 million.
- 30 day high of the AAPL stock price was $318.74 and low was $278.56.
- 90 day high was $318.74 and low was $237.26.
- 52 week high for Apple Inc. - $318.74 and low - $151.70.
Apple Inc. lies in the upper part of a strong rising 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 $321.48 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 27.83% during the next 3 months and, with 90% probability hold a price between $376.39 and $410.94 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 $313.56 and $286.75. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday January 15, 2020, 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 ]
The stock holds a RSI14 at 80 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Apple Inc. finds support from accumulated volume at $312.68.
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 $3.74 between high and low, or 1.19%. For the last week, the stock has had a daily average volatility of 1.58%.
The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $302.68 (-5.03%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 80 and this increases the risk substantially. There is a buy signal from pivot bottom found 2 days ago.)
1.58 %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 analysis conclusion for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate candidate.
Also 85% of user sentiment are positive to the stock. The sentiment is based upon 247 votes on StockTwits.
|AAPL $318.73 ($3.49 1.11%)|
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