APPLE INC.
APPLE INC.
106.84 USD (-3.17%)
15 min delayed data - NASDAQ Stocks
Open: 110.40
Change: -3.50
Volume: 287,104,882
Low: 106.09
High: 110.88
High / Low range: 4.79
Type: Stocks
Ticker: AAPL
ISIN:

APPLE INC. - 1H - Technical analysis published on 09/16/2020

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  • Timeframe : 1H
  • - Analysis generated on 2020-09-16 16:22:05
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Bearish
De fond: Strongly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 116.07 USD
My targets
110.04 USD (-3.11%)
103.71 USD (-8.68%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on APPLE INC. as long as the price remains well below 116.07 USD. The next bearish objective for sellers is set at 110.04 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 103.71 USD. If there is any crossing, the next objective would be the support located at 92.61 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.9

Complete this analysis for another time unit:
15 min. Daily Weekly
Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this analysis. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Additional analysis

Quotes

The APPLE INC. price is 113.57 USD. The price registered a decrease of -1.71% on the session and was between 113.35 USD and 116.00 USD. This implies that the price is at +0.19% from its lowest and at -2.09% from its highest.

113.35
116.00
113.57

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of APPLE INC. indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 92.61 110.04 113.14 113.57 116.07 120.52 124.81
Change (%) -18.46% -3.11% -0.38% - +2.20% +6.12% +9.90%
Change -20.96 -3.53 -0.43 - +2.50 +6.95 +11.24
Level Intermediate Intermediate Minor - Minor Intermediate Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard107.94110.77113.16115.99118.38121.21123.60
Camarilla114.11114.58115.06115.54116.02116.50116.98
Woodie107.71110.66112.93115.88118.15121.10123.37
Fibonacci110.77112.77114.00115.99117.99119.22121.21


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard97.38103.71107.85114.18118.32124.65128.79
Camarilla109.12110.08111.04112.00112.96113.92114.88
Woodie96.30103.16106.77113.63117.24124.10127.71
Fibonacci103.71107.71110.18114.18118.18120.65124.65


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard91.1899.54114.29122.64137.40145.75160.50
Camarilla122.69124.80126.92129.04131.16133.28135.39
Woodie94.38101.14117.49124.24140.59147.35163.70
Fibonacci99.54108.36113.82122.64131.47136.92145.75

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 43.22
MACD (12,26,9): -0.3200
Directional Movement: -8.12
AROON (14): 21.43
DEMA (21): 114.53
Parabolic SAR (0,02-0,02-0,2): 118.61
Elder Ray (13): -1.18
Super Trend (3,10): 111.91
Zig ZAG (10): 113.70
VORTEX (21): 0.9900
Stochastique (14,3,5): 16.15
TEMA (21): 115.16
Williams %R (14): -85.40
Chande Momentum Oscillator (20): -0.87
Repulse (5,40,3): -1.1400
ROCnROLL: 2
TRIX (15,9): -0.0200
Courbe Coppock: 3.46
MA7: 114.34
MA20: 121.10
MA50: 110.09
MA100: 96.11
MAexp7: 114.94
MAexp20: 115.02
MAexp50: 116.56
MAexp100: 118.15
Price / MA7: -0.67%
Price / MA20: -6.22%
Price / MA50: +3.16%
Price / MA100: +18.17%
Price / MAexp7: -1.19%
Price / MAexp20: -1.26%
Price / MAexp50: -2.57%
Price / MAexp100: -3.88%

Quotes : 2020-09-16 16:06:34 - 15 min delayed data - NASDAQ Stocks

News


The latest news and videos published on APPLE INC. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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