Tue 31'st Jul 2018
Apple Inc. Stock Analysis
Technical stock analysis for Tue 31'st Jul 2018
|Shorts||1.83% ( 2018-07-13 )|
|Cash||151 334.0 mill|
|Loans||238 080.0 mill|
Apple Inc. gained 0.20% in the last trading day, rising from $189.91 to $190.29 The price has been going up and down for this period, and there has been a -0.61% loss for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 17.44 million more shares were traded than the day before. In total, 38.44 million shares bought and sold for approximately $7 314.40 million.
Apple Inc. lies in the middle of a weak 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 2.86% during the next 3 months and, with 90% probability hold a price between $189.65 and $202.98 at the end of this period.
Only positive signals in the chart today. Apple Inc. holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $192.12. On a fall, the stock will find some support from the long-term average at approximately $188.91. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Monday July 30, 2018, 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)
RSI14 is 58 and the stock is currently not being overbought or oversold
Support & Resistance
Apple Inc. finds support from accumulated volume at $188.84.
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 $2.80 (1.48%) between high and low. For the last week, the stock has had a daily average volatility of 1.66%.
Our recommended stoploss: $178.98 (-5.94%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
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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.Click for Top 5 Buy Candidates