APPLE INC.
APPLE INC.
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: AAPL
ISIN:

APPLE INC. - Daily - Technical analysis published on 10/28/2020 (GMT)

  • 254
  • 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
  • Timeframe : Daily
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Neutral
Technical indicators
17%
44%
39%
My opinion
Bearish under 116.79 USD
My targets
106.84 USD (-5.09%)
99.95 USD (-11.21%)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for APPLE INC. as long as the price remains well below 116.79 USD. The sellers” bearish objective is set at 106.84 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 99.95 USD. If there is any crossing, the next objective would be the support located at 81.80 USD.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
2.3

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever 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 content. 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.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

APPLE INC. rating 112.57 USD. On the day, this instrument lost -3.46% and was traded between 111.95 USD and 115.43 USD over the period. The price is currently at +0.55% from its lowest and -2.48% from its highest.

111.95
115.43
112.57

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of APPLE INC. indicates that the overall trend is not clearly defined. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily



In fact, only 8 technical indicators out of 18 studied are currently positioned bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily


RSI indicator is back over 50

Type : Bullish

Timeframe : Daily


Aroon indicator bearish trend

Type : Bearish

Timeframe : Daily


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Daily


Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : Daily


Near support of triangle

Type : Bullish

Timeframe : Daily



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 71.76 81.80 106.84 112.57 116.79 124.45 134.18
Change (%) -36.25% -27.33% -5.09% - +3.75% +10.55% +19.20%
Change -40.81 -30.77 -5.73 - +4.22 +11.88 +21.61
Level Minor Major Major - Intermediate Major Major



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard112.26113.40115.00116.14117.74118.88120.48
Camarilla115.85116.10116.35116.60116.85117.10117.35
Woodie112.49113.52115.23116.26117.97119.00120.71
Fibonacci113.40114.45115.09116.14117.19117.83118.88


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard106.60110.44112.74116.58118.88122.72125.02
Camarilla113.35113.92114.48115.04115.60116.17116.73
Woodie105.83110.06111.97116.20118.11122.33124.25
Fibonacci110.44112.79114.24116.58118.93120.37122.72


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard65.0784.0899.95118.96134.83153.84169.71
Camarilla106.22109.42112.61115.81119.01122.21125.40
Woodie63.4983.3098.37118.18133.25153.06168.13
Fibonacci84.0897.41105.64118.96132.29140.52153.84

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): 44.19
MACD (12,26,9): 0.0200
Directional Movement: -8.41
AROON (14): -78.57
DEMA (21): 116.52
Parabolic SAR (0,02-0,02-0,2): 122.27
Elder Ray (13): -2.48
Super Trend (3,10): 109.78
Zig ZAG (10): 113.07
VORTEX (21): 0.9000
Stochastique (14,3,5): 18.58
TEMA (21): 115.71
Williams %R (14): -91.78
Chande Momentum Oscillator (20): -11.36
Repulse (5,40,3): -1.6200
ROCnROLL: -1
TRIX (15,9): 0.0700
Courbe Coppock: 1.04
MA7: 115.69
MA20: 116.93
MA50: 117.41
MA100: 107.34
MAexp7: 115.54
MAexp20: 116.23
MAexp50: 114.14
MAexp100: 106.99
Price / MA7: -2.70%
Price / MA20: -3.73%
Price / MA50: -4.12%
Price / MA100: +4.87%
Price / MAexp7: -2.57%
Price / MAexp20: -3.15%
Price / MAexp50: -1.38%
Price / MAexp100: +5.22%

Quotes : 2020-10-28 16:52:38 - 15 min delayed data - NASDAQ Stocks

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

About author

Online

Overall rating :
15090
Number of analyses :
Followers :
0
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

Add a comment

no pic

Comments

0 comments on the analysis APPLE INC. - Daily