APPLE INC. - 1H - Technical analysis published on 04/08/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 259.45 USD
My targets
271.70 USD (+2.96%)
279.93 USD (+6.08%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on APPLE INC. as long as the price remains well above 259.45 USD. The buyers” bullish objective is set at 271.70 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 279.93 USD. If there is any crossing, the next objective would be the resistance located at 308.72 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The APPLE INC. price is 263.89 USD. The price registered an increase of +1.72% on the session and was between 261.23 USD and 265.74 USD. This implies that the price is at +1.02% from its lowest and at -0.70% from its highest.261.23
265.74
263.89
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of APPLE INC. in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 232.07 | 247.51 | 259.45 | 263.89 | 271.70 | 279.93 | 308.72 |
| Change (%) | -12.06% | -6.21% | -1.68% | - | +2.96% | +6.08% | +16.99% |
| Change | -31.82 | -16.38 | -4.44 | - | +7.81 | +16.04 | +44.83 |
| Level | Major | Minor | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 242.35 | 250.68 | 255.05 | 263.38 | 267.75 | 276.08 | 280.45 |
| Camarilla | 255.94 | 257.10 | 258.27 | 259.43 | 260.59 | 261.76 | 262.92 |
| Woodie | 240.38 | 249.69 | 253.08 | 262.39 | 265.78 | 275.09 | 278.48 |
| Fibonacci | 250.68 | 255.53 | 258.53 | 263.38 | 268.23 | 271.23 | 276.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 205.79 | 221.34 | 231.38 | 246.93 | 256.97 | 272.52 | 282.56 |
| Camarilla | 234.37 | 236.72 | 239.06 | 241.41 | 243.76 | 246.10 | 248.45 |
| Woodie | 203.03 | 219.96 | 228.62 | 245.55 | 254.21 | 271.14 | 279.80 |
| Fibonacci | 221.34 | 231.12 | 237.16 | 246.93 | 256.71 | 262.75 | 272.52 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 118.54 | 165.58 | 209.93 | 256.97 | 301.32 | 348.36 | 392.71 |
| Camarilla | 229.16 | 237.54 | 245.91 | 254.29 | 262.67 | 271.05 | 279.42 |
| Woodie | 117.21 | 164.91 | 208.60 | 256.30 | 299.99 | 347.69 | 391.38 |
| Fibonacci | 165.58 | 200.49 | 222.06 | 256.97 | 291.88 | 313.45 | 348.36 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 63.43 | |
| MACD (12,26,9): | 4.2200 | |
| Directional Movement: | 14.39 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 265.11 | |
| Parabolic SAR (0,02-0,02-0,2): | 269.15 | |
| Elder Ray (13): | 2.92 | |
| Super Trend (3,10): | 256.85 | |
| Zig ZAG (10): | 264.45 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 60.96 | |
| TEMA (21): | 267.24 | |
| Williams %R (14): | -41.46 | |
| Chande Momentum Oscillator (20): | 2.09 | |
| Repulse (5,40,3): | -0.2000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2500 | |
| Courbe Coppock: | 7.47 |
| MA7: | 252.46 | |
| MA20: | 249.38 | |
| MA50: | 283.19 | |
| MA100: | 284.73 | |
| MAexp7: | 263.52 | |
| MAexp20: | 259.65 | |
| MAexp50: | 254.45 | |
| MAexp100: | 254.02 | |
| Price / MA7: | +4.53% | |
| Price / MA20: | +5.82% | |
| Price / MA50: | -6.82% | |
| Price / MA100: | -7.32% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | +1.63% | |
| Price / MAexp50: | +3.71% | |
| Price / MAexp100: | +3.89% |
News
The last news published on APPLE INC. at the time of the generation of this analysis was as follows:
-
Apple $32 Fined Million For Infringing Qualcomm Patents
-
Apple Infringed Three Qualcomm Patents
- Qualcomm Wins Patent Infringement Case Against Apple in San Diego
-
Apple Is Holding A Big Event This Month
-
Spotify Vs Apple
This member declared not having a position on this financial instrument or a related financial instrument.
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