APPLE INC. - Weekly - Technical analysis published on 01/05/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : Weekly
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
39%
28%
33%
My opinion
Bullish above 154.68 USD
My targets
195.93 USD (+8.22%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on APPLE INC.. As long as you are above the support located at 154.68 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 195.93 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. If the support 154.68 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
3.6
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This analysis was given by Olegs. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
APPLE INC. rating 181.05 USD. The price is lower by -5.96% over the 5 days and has been traded over the last 5 days between 180.42 USD and 188.44 USD. This implies that the 5 day price is +0.35% from its lowest point and -3.92% from its highest point.180.42
188.44
181.05
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Weekly chart of APPLE INC. indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Weekly
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Weekly
On the 18 technical indicators analysed, 7 are bullish, 6 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Downside gap
Type : Bearish
Timeframe : Weekly
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 124.33 | 154.68 | 179.95 | 181.05 | 195.93 |
| Change (%) | -31.33% | -14.57% | -0.61% | - | +8.22% |
| Change | -56.72 | -26.37 | -1.10 | - | +14.88 |
| Level | Major | Minor | Major | - | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 178.62 | 179.75 | 180.83 | 181.96 | 183.04 | 184.17 | 185.25 |
| Camarilla | 181.30 | 181.51 | 181.71 | 181.91 | 182.11 | 182.32 | 182.52 |
| Woodie | 178.60 | 179.74 | 180.81 | 181.95 | 183.02 | 184.16 | 185.23 |
| Fibonacci | 179.75 | 180.59 | 181.12 | 181.96 | 182.80 | 183.33 | 184.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 187.29 | 189.19 | 190.86 | 192.76 | 194.43 | 196.33 | 198.00 |
| Camarilla | 191.55 | 191.88 | 192.20 | 192.53 | 192.86 | 193.19 | 193.51 |
| Woodie | 187.18 | 189.13 | 190.75 | 192.70 | 194.32 | 196.27 | 197.89 |
| Fibonacci | 189.19 | 190.55 | 191.40 | 192.76 | 194.12 | 194.97 | 196.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 174.61 | 181.03 | 186.78 | 193.20 | 198.95 | 205.37 | 211.12 |
| Camarilla | 189.18 | 190.30 | 191.41 | 192.53 | 193.65 | 194.76 | 195.88 |
| Woodie | 174.28 | 180.86 | 186.45 | 193.03 | 198.62 | 205.20 | 210.79 |
| Fibonacci | 181.03 | 185.68 | 188.55 | 193.20 | 197.85 | 200.72 | 205.37 |
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): | 49.46 | |
| MACD (12,26,9): | 4.4500 | |
| Directional Movement: | 0.58 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 190.87 | |
| Parabolic SAR (0,02-0,02-0,2): | 179.48 | |
| Elder Ray (13): | -2.49 | |
| Super Trend (3,10): | 173.54 | |
| Zig ZAG (10): | 182.15 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 70.15 | |
| TEMA (21): | 190.79 | |
| Williams %R (14): | -51.04 | |
| Chande Momentum Oscillator (20): | 3.59 | |
| Repulse (5,40,3): | -2.5200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.3300 | |
| Courbe Coppock: | 16.28 |
| MA7: | 187.43 | |
| MA20: | 192.68 | |
| MA50: | 187.36 | |
| MA100: | 182.23 | |
| MAexp7: | 189.06 | |
| MAexp20: | 184.92 | |
| MAexp50: | 176.02 | |
| MAexp100: | 163.78 | |
| Price / MA7: | -3.40% | |
| Price / MA20: | -6.04% | |
| Price / MA50: | -3.37% | |
| Price / MA100: | -0.65% | |
| Price / MAexp7: | -4.24% | |
| Price / MAexp20: | -2.09% | |
| Price / MAexp50: | +2.86% | |
| Price / MAexp100: | +10.54% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
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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